Bellway warns of Help to Buy sales hiatus

bellway

Firm also says national lockdown contributed to 30% fall in reservations in November

Bellway sales have been hit in recent weeks by lockdown measures and a “hiatus” caused by the introduction of the government’s new Help to Buy scheme from April next year.

In a trading update ahead of the £2.2bn turnover firm’s annual general meeting today, Bellway said it saw a 30% drop in reservations in November compared to the same month in 2019 in part as a result of the reimposition of a national lockdown in England.

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