Analysts have said an internal email sent by Pete Redfern, Taylor Wimpey鈥檚 chief executive, to staff last week on the progress of its talks with banks has boosted expectations of a refinancing deal in the new year.

In an email dated 12 December, Redfern said talks with lenders over the company鈥檚 拢1.9bn debt pile were 鈥渃onstructive and sensible鈥� and that the risks of failure had 鈥渞educed materially鈥� in recent weeks. He indicated that a formal refinancing deal was likely by the end of February.

One analyst said: 鈥淚t doesn鈥檛 mean that Taylor Wimpey is out of the woods, but it looks like it鈥檒l get a lifeline. Redfern must be pretty confident to have sent the email because he will look really stupid now if talks fail.鈥�