Jan 10 (Reuters) - British investor Steve Morgan's

Bridgemere Group disclosed a nearly 5% stake in Barratt Redrow ( BTDPF )

, a filing showed on Friday, making it the third-biggest

shareholder in Britain's largest homebuilder.

Morgan, the founder and former chairman of Redrow ( RDWWF ), through

Bridgemere group had held a substantial stake in Redrow ( RDWWF ) until it

was taken over by Barratt last year for 2.52 billion pounds

($3.09 billion).

British homebuilders, which saw muted demand for most of

2024, now face worries that interest rates may not decrease as

much as previously anticipated, pressuring the sector's shares.

Barratt Redrow ( BTDPF ) shares, which lost more than 20% of their

value last year, are down about 9% so far this year.

Its largest investor is Fidelity Management & Research

Company with a 6.36% stake and Blackrock's UK investment arm is

placed second with a nearly 6% stake, according to LSEG data.

($1 = 0.8157 pounds)

(Reporting by Yamini Kalia and Yadarisa Shabong in Bengaluru;

Editing by Anil D'Silva)