In a trading update ahead of the publication of its full year results, Barratt Redrow flagged two developments in need of remediation.

With respect to fire safety matters for both, and reinforced concrete frame design issues in one, remediation costs of £80m and £18m have been accounted for separately.

Although pre-tax profits — due to be published on 17th September — are due to be in line with market expectation, the housebuilder also revealed a 7.8% decline in completions.

Total home completions for FY25 were 16,565, down from the aggregated total of 17,972 the year before.

Despite this, the housebuilder’s forward sales position strengthened with total forever sales totalling £2.9bn.

This was up from the £1.9bn recorded at the same point in 2024.

Barratt Redrow also provided an update to its ongoing integration from the Redrow acquisition.

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The firm has confirmed cost synergies £69m, progressing towards its target of £100m.

However, the firm now expects Redrow organisation and restructuring costs to be around £90m.

“Our adjusted profits are in line with market expectations, despite home completions being slightly below our guided range, mainly due to the impact of fewer international and investor completions than expected in our London businesses,” said David Thomas, CEO at Barratt Redrow.

“We are already seeing tangible benefits from the Redrow acquisition, with cost synergies being delivered ahead of schedule, a new divisional structure in place and revenue synergies progressing well.

“Although demand during the year has been impacted by consumer caution and mortgage rates not falling as quickly as hoped, there remains a long-term structural under-supply of housing in this country.

“We remain confident in our medium-term ambition to deliver 22,000 high-quality homes a year, and in the long-term demand for our high-quality homes."