UK Housebuilder Offers Investors 6 Percent Rental Guarantees Until 2012

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Buy-to-let investors who purchase a new home from George Wimpey will have their gross rental income guaranteed until 2012 through a simple new scheme. The offer aims to make it easier for would-be landlords to enter the buy-to-let property market by guaranteeing a gross rental yield of 6 percent of the purchase price for the first four years.

The guaranteed rental offer is just another example of our tailor-made schemes that offer real practical and financial advice, making it easier for our buyers to purchase the right property for them.

Buy-to-let investors who purchase a new home from George Wimpey will have their gross rental income guaranteed until 2012 through a simple new scheme. The offer aims to make it easier for would-be landlords to enter the buy-to-let property market by guaranteeing a gross rental yield of 6 percent of the purchase price for the first four years.

The scheme is available on a selection of George Wimpey properties on developments across the UK.

George Wimpey's approved letting agents will make life even easier for new landlords by finding a tenant for them and they'll still receive monthly rental payments, even if their property is empty.

Daniel McGowan, strategy director for George Wimpey, comments: "This is a really straightforward scheme which allows buyers to enter the buy-to-let market safe in the knowledge that they will receive a minimum 6 percent return until at least 2012. Reports suggest that the demand for UK rental properties remains buoyant and we're certainly still receiving a great deal of interest from both seasoned buy to let investors and those looking to become landlords for the first time. Our homes are modern, well designed, low maintenance and cost-effective to run, making them ideal rental properties.

"The guaranteed rental offer is just another example of our tailor-made schemes that offer real practical and financial advice, making it easier for our buyers to purchase the right property for them."

For further details, including full terms and conditions, log on to http://www.georgewimpey.co.uk/rental.
About George Wimpey
George Wimpey is a leading brand for new homes from Taylor Wimpey UK, a part of Taylor Wimpey Plc.

On 3rd July 2007, Taylor Woodrow plc and George Wimpey plc completed their merger to form Taylor Wimpey plc. Taylor Wimpey plc is the UK's largest homebuilder and is listed on the London Stock Exchange.

As well as operating in the UK, Taylor Wimpey plc builds homes in North America, Spain and Gibraltar. It aims to be the homebuilder of choice for customers, employees, shareholders and for the communities in which it operates.

George Wimpey provides nationwide coverage in the UK through its regional businesses and satellites. Each business builds a range of products, from one bedroom apartments and starter homes to large detached family houses.

For further information, please visit the George Wimpey web site - http://www.georgewimpey.co.uk

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Ann Golding
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