The company said it would pay out a special dividend to investors over the next two years from its growing cash pile.
It is the latest homebuilder to report booming business in
Help to Buy supports property buyers by underwriting or providing an interest-free loan for part of their mortgage. It has stoked demand and pushed up house prices though some economists believe it is fuelling a pre-election property bubble.
"Most importantly, we have continued to make significant investment for the future, adding to our short term landbank and strategic land pipeline and increasing the level of training and development of staff, at all levels, from site trades to office technical roles."
Mortgage approvals for house purchases rose 57% in January to £8bn – their highest level since the pre-crisis peak of the property market in
Help to Buy's critics say that by pumping up the housing market it is stoking a bubble and has priced more people out of the market than it has helped. With big executive bonuses in the pipeline and companies returning cash to investors, some also argue that homebuilders' shareholders and executives are the biggest gainers from the taxpayer's backing.
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