Sustainable homes and places

Affordable and accessible homes

A lack of affordable housing is one of the biggest challenges facing people across the UK with many people unable to buy or rent their own home.


Our approach

We can play a part in by increasing the supply of new housing and making our homes affordable to a wide range of people. Our approach includes:

  • Building houses and apartments to suit a wide range of budgets
  • Supporting new initiatives that can improve affordability and mortgage availability
  • Working with local authorities and registered provider partners (housing associations) to integrate high-quality social housing on our developments 

In 2023, we completed 10,848 new homes (2022:14,154), including joint ventures.  The drop in completions reflects the challenging market conditions during 2023. The average selling price of our homes in the UK (private sales) was £370,000 (2022: £352,000). 29% of homes were sold to first time buyers.

Apartments can be more affordable and help us provide more homes on our developments. In 2023, 12% of completions were apartments (2022: 11%). 

We also support customers to better understand and plan for the costs associated with owning a home by providing an Affordability Schedule at reservation. This outlines costs they may occur over the next ten years including likely maintenance costs for the property and details of any service charges.


Contributing to social housing 

Most of our developments include affordable social housing (homes made available at below market rates including social rent, affordable rent, low-cost home ownership and discount market sale tenures) which are negotiated as part of planning obligations. In 2023 we delivered 2,388 affordable homes including joint ventures (2022: 2,920), equivalent to 23% of Group completions (2022: 21%). 

Our updated standard affordable house types integrate feedback from housing associations on optimal sizes and layouts. 


Supporting key workers and our armed forces

We offer key workers a discount up to the value of £15,000 off the purchase price of a new home at many of our developments. This includes people working in education, the NHS, police and fire services and other public sector roles.

We also have a discount for armed forces personnel at many Taylor Wimpey developments, with up to £500 off for every £25,000 spent. We participate in Forces Help to Buy at many of our sites. This government-run scheme enables Armed Forces personnel to borrow up to 50% of their annual salary (up to a maximum of £25,000 interest free) to put towards the purchase of a home. We are also a signatory to the Armed Forces Covenant.  


Inclusive and accessible homes 

We want our homes to be accessible to all potential customers, including those with reduced mobility. The majority of our new house types offer improved accessibility, in line with the optional requirements in Building Regulations Part M (4)2. This means they are suitable for a range of potential occupants, including people with reduced mobility and some wheelchair users. Around 60% of homes planned in the last year already meet this standard and we expect this to increase to 90% over the next five years as we roll out our new house types. We also have six house types designed to be fully wheel-chair accessible.

Ground floor flats in our new standard apartment range are also compliant with the optional requirements in Building Regulations Part M (4)2.