Housebuilder Taylor Wimpey is to expand talks to other banks to secure a refinancing deal to allow it to grow in the current market

Publishing half-year results showing pre-tax profit of 拢19.6m on turnover up 8% to 拢1.2bn, the firm said it planned to widen its refinancing talks to 鈥渙ther lender groups鈥� in the coming months.

Taylor Wimpey is widely viewed as the housebuilder with the most restrictions on its ability to invest in land and other assets because of the nature of its agreements with its main banking group.

It said that 鈥渨hile the group鈥檚 current debt facilities do not expire until July 2012, an earlier refinancing is preferable鈥�.