Bellway expands land bank as it retain five-star status
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Fraser Conn
Bellway Homes Ltd (Scotland West) is celebrating after the company retained its five-star status with the Home Builders Federation (HBF) for the fifth successive year.
Bellway was named in the HBF’s annual list of the housebuilders most highly rated by their customers.
The award demonstrates that over 90% of Bellway’s customers who completed the HBF’s National New Homes Customer Satisfaction Survey would recommend the housebuilder to a friend.
Fraser Conn, managing director for Bellway Homes Ltd (Scotland West), said: “Retaining our five-star status is always a special moment, but this year the news carries extra weight and pride for everyone at Bellway.
“To secure a fifth consecutive HBF Five Star Builder award in a year which posed so many challenges is an incredible feat, which reflects the commitment of our staff and contractors.
“We are grateful to our customers for taking the time to complete the survey and for their co-operation over the course of the past year. Bellway is proud to place our customers first and will continue to drive improvements to the home-buying process.”
Bellway Homes Ltd (Scotland West), which has its head office in Hamilton, is currently building new homes in Barrhead, Bishopton, East Kilbride, Glasgow, Hamilton, Helensburgh, Kilmarnock, Livingston, Robroyston and Thornliebank.
Across the UK, the housebuilder has spent £450 million in six months in a record expansion of its land bank adding 8,848 plots to bring its total land bank to 76,706 plots in the six months to the end of January.
Jason Honeyman, chief executive, said it showed Bellway’s positive outlook for the “short and medium term”.
The company sold a record 5,656 homes in the first half, up 6.3% on the previous year. It expects to complete the sale of about 10,000 in the full year, up from 7,522 a year earlier.
The housebuilder also revealed a further £20m charge to deal with legacy cladding issues on apartment blocks.
The extra £20.3m set aside brings its total since 2017 for fire safety in the wake of the Grenfell Tower tragedy to £131.6m.
The company said the cladding charges are a “substantial sum which demonstrates Bellway’s responsible approach to supporting customers with regards to this issue”.
It added: “The legal responsibility for ensuring fire safety in buildings usually rests with the current owners or their managing agents, which in most cases for our legacy portfolio is not Bellway.
“As a responsible developer however, Bellway takes apartment safety concerns seriously and has therefore established a fire remediation team to work with building owners to help resolve historical issues.”
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