Persimmon Share Discussion Threads

[sikhthetech] 23/3/2023 12:20

That's a huge increase

"When interest rates rise, more than 1.4 million people on tracker and variable rate deals usually see an immediate increase in their monthly payments.

An increase in the Bank rate from 4% to 4.25% will mean those on a typical tracker mortgage should pay about £24 more a month. Those on standard variable rate mortgages would face a £15 jump.

This would come on top of increases following the previous recent rate rises. Compared with pre-December 2021, average tracker mortgage customers would be paying about £394 more a month, and variable mortgage holders about £251 more."

[sikhthetech] 23/3/2023 12:11

There you go, interest rates up again due to inflationary pressures.

And to think base rate was 0.1% only 15months ago.

Even compared to 1% the base rate reached last year, a 0.25% increase is still 25% increase.


All tracker mortgages/loans/credit cards will see the interest rate increased automatically.


There are hundreds of thousands who come off fixed rate mortgages every month. They will see the interest they now have to pay double or treble what they were used to.

[factsandfigures] 23/3/2023 12:03

It's another increase of 25 BPS from the Bank of England and that's another win for us.

UK base rate now 4.25% and Sterling getting stronger

[pander45] 20/3/2023 19:49

It won't be a straight road but some emergence out of this is on the horizon now.

[cupra kid] 20/3/2023 15:12

Persimmon will still be paying their staff their spring bonus this month. Positive.

[pander45] 20/3/2023 12:49

Interest rate rises will be more cautious and measured now, which is good news.

[sikhthetech] 19/3/2023 14:55

Jugears,

lol, why would I be losing loads of money?

I back my conviction which is to trade hyped sectors. I bought EZJ at 285p and in Jan, I said majority of rise already factored in. What do you think I did?

I'd be worried about the c£15k per p you have on TW.

[sikhthetech] 19/3/2023 14:46

The banking crisis is snowballing, started with smaller US banks and now Credit Suisse..

With the banking crisis, govn having to cut back, inflationary pressures, I think there will still be further turmoil in the markets. I wouldn't like to be in banks, house builders, hospitality, or construction at the moment.

[jugears] 17/3/2023 16:15

Oh Dear Sickly, Tly- DOWN, EZJ-DOWN, Cury- DOWN, hope your loosing loads mate!

[beckers2008] 17/3/2023 15:39

Thank goodness the BoE take a steadier approach.

As the trolls were predicting within the noise of Mid October...
BoE Base Rate 6%?

Absolutely no chance.

[sunshine today] 17/3/2023 13:42

That’s absolutely correct

[sunshine today] 17/3/2023 13:39

Featured snippet from the web
(Bloomberg) -- The Federal Reserve and the European Central Bank must press ahead with interest-rate increases and not be blown off course by the fragility of the global economic recovery and vulnerabilities in the financial system, the OECD said

1 hour ago

[sunshine today] 17/3/2023 13:20

Assets = dust

U.K. housing grossly overvalued

[sikhthetech] 17/3/2023 13:11

There you go, as expected.
Spreading fast.



US banks launch $30bn rescue of First Republic to stem spiraling crisis




sikhthetech - 13 Mar 2023 - 12:15:40 - 4240 of 4257 PERSIMMON PLC - THE CHARTS - PSN
It'll be months before the full impact of SVB going under, the firesale of assets etc is known.

Budget this week.
BoE interest rate meeting next week.


Makings of GFC mk2

[dissentingvoices] 17/3/2023 13:10

Anyone wanting to get on the property ladder will simply wait it out, and let prices fall.



It happens every time we experience a banking crisis

[beckers2008] 17/3/2023 13:06

d,

The OBR, lol!
If the OBR says they will fall, they will rise, lol!

I see sT, the village idiot is trolling away here talking it's usual BS, lol!

'Make that 20% with inflation' lol, just lol!

[sunshine today] 17/3/2023 12:52

Confidence draining away

[sunshine today] 17/3/2023 12:51

Make that 20% with inflation.

[dissentingvoices] 17/3/2023 12:45

Office for Budget Responsibility has warned that UK house prices will fall 10% this year !!

Can't see that being good news for Persimmon and for other house builders

[mike24] 16/3/2023 19:45

with short's closing could see share price recover a couple of quid
on the basis of house prices holding up depending on area
surveyors in prop valuations have been cautious for a few months now

[beckers2008] 16/3/2023 13:37

No reply 'Sikhthetech' and over 45 minutes gone, that's surprising for you, lol!

What's up, are you still trying to put out fires over at TLY with your bucket with holes in, lol, just lol!

[mike24] 16/3/2023 10:20

hsbc looks like they got a good deal