Telford Homes is preparing to flip a number of its planned developments over to build-to-rent schemes as it looks to reduce its exposure to the private sales market.

Reporting its annual results today the housebuilder said it expected private sales to individual buyers to account for less of its future pipeline of 4,900 homes.

The group said it would continue to target owner-occupiers on specific developments and at prices up to £600,000, but it expected to change an unspecified number of developments that had been planned as individual sale schemes to build-to-rent.

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