UPDATE 1-Telford Homes upbeat on rise in home sales

* Says FY trading in line with market view

* Completes 110 open market homes since April 1

* Says home completions in line with its estimates

* Says Clifford Contracting buy gave access to capital (Adds details)

July 9 (Reuters) - British house builder Telford Homes Plc (TELF.L) said on Thursday there was an increase in sales of finished homes and that the level of interest from prospective buyers had been rising in the past few weeks.

The trend echoes similar views by rivals Galliford Try Plc (GFRD.L) and Persimmon Plc (PSN.L), which have reported that the property market was showing encouraging signs of recovery. [ID:nL9373584]

The company also maintained its "cautiously optimistic" outlook and said that it was trading in line with market expectations for the current financial year.

Telford, which specialises in regeneration projects and affordable homes in East London, said it completed 110 open market homes since April 1 and that it was trading in line with market expectations for the current year.

"Overall, completions remain in line with the board's expectations," Telford said in a statement.

Telford, which had acquired Clifford Contracting Ltd, a provider of services to residential developers last month, said the acquisition had given it access to 6.3 million pounds ($10.2 million) of capital to finance unsold properties at 75 percent loan-to-value.

However, two other builders Barratt Developments (BDEV.L) and Redrow (RDW.L) on Thursday warned that poor availability of mortgages was hampering sales. [ID:nL8683793] ($1=.6174 Pound) (Reporting by Kumar Alagappan in Bangalore; Editing by Gopakumar Warrier)