The UK second largest house builder is seeking to refinance its bonds and bank loans after last year completing a £1.55bn debt restructuring that extended the repayments due on its debts to July 2012.
According to today’s Financial Times the terms of its current borrowings imposes restrictions on how much new land it can buy.
The house builder is believed to be in early-stage negotiations to extend the duration of its debt over four years.
The move also fuels speculation that Taylor Wimpey will sell its US housebuilding arm to allow it to pay down debt and concentrate on its core UK operations.