Taylor Wimpey sees no immediate impact from Brexit

Housebuilder Taylor Wimpey said the UK decision to leave the European Union in the month since the referendum vote had not impacted on trading as it reported a 12% percent rise in first-half pre-tax profits to £267m.

"One month on from the EU Referendum, current trading remains in line with normal seasonal patterns. Customer interest continues to be high, with a good level of visitors both to our developments and to our website," chief executive Pete Redfern said.

“We are monitoring customer confidence closely across a number of metrics, including appointment bookings, and these continue to be solid.”

“Whilst it is still too early to assess what the longer term impact from the Referendum result on the housing market may be, we are encouraged by the first month's trading and by continued competitive lending from the mortgage providers as well as the positive commentary from government and policymakers.

Redfern said forward sales were around 90% with a “strong order book which has grown to over £2.2bn as at 24 July”.