<p>London will be impacted the most by the end of Help to Buy, according to John Tutte, executive chairman of Redrow.</p> <p>Announcing the housebuilder’s results for the year to June 30 2019 - which revealed a sixth consecutive record year for the business - Tutte said that, with the steady take up of the equity loan initiative in the capital, he had concerns post-2023 when the successful initiative is due to end.</p> <p>“The uptake of Help to Buy in London has been steadily growing,” Tutte stated. “It’s a higher equity loan at 40% [of the sales price]. It’s hard to think that this can just be cut off in 2023.”</p> <p>Redrow would push for a transitional arrangement in the capital “so there is a period of adjustment,” Tutte said.</p> <p>Help to Buy had not been the main driver of Redrow’s profit growth, Tutte pointed out. “It has been the icing on the cake.”</p> <p>The housebuilder said it was putting forward its Heritage Collection as a strategy to combat any effects from the changes to Help to Buy in 2021 and its discontinuation. With the collection, it said it planned to capture more buyers from the second hand market.</p> <p>“Two thirds …