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[1 nhs] 27/3/2020 02:13

Here we go, ( as predicted)


Two of Britain's biggest banks have pulled new mortgages for all but those with the biggest deposits or sizeable equity in their homes.

Barclays and Halifax's intermediary brands have stopped selling mortgages above 60 per cent loan-to-value this week, as the housing market grinds to a halt amid the coronavirus outbreak.

The move triggered by the coronavirus outbreak is the biggest shake-up to the market since the credit crunch and echoes bank and building societies' actions during the financial crisis.

It is not clear to what extent the banks have taken the decision due to staffing issues, with the country in lockdown and a wave of customers requesting mortgage holidays, or a concern that house prices could fall.

[1 nhs] 27/3/2020 01:47

Back to sales

So, by the time would be buyers, visit the showrooms, it’s summer.

Dead for sales

Sep sees the next outbreak of the virus and it goes on all winter.

So no pick up then .

By this times prices are falling through the floor as the huge lumps of the population play the Wetherspoon pand Burger King game, of not paying the mortgage. ( rent )

LTV Crash.

[jugears] 26/3/2020 21:54

Money & assets are totally irelevant at the moment health & welbeing are far more important.Despite the current situation the country will recover & Tw will be back to selling houses & paying dividends

[growthpotential] 26/3/2020 21:34

Just final and special yeh it is a shame as I was hoping to collect and reinvest but it's a small price to ensure we not wiped out

[dr_smith] 26/3/2020 21:22

Gambos:
See link, headed "Notice of AGM " but covers a number of CV related changes, including your div question.

[gambos49] 26/3/2020 20:39

Pity about the dividends have they cancelled all three for this year or just the final and special

[steeplejack] 26/3/2020 19:33

I don't think 1 NHS loses anything because I don't think he has a position either way.He's just here for the 'crack'.

[1 nhs] 26/3/2020 19:20

Let’s have a stab at sales numbers

250 sites at one sale each a week this time last year

Let’s say jan was on target, feb was half, and March is going to be 10%

Then knock off cancelations running at 30% on this years reservations

April will be not far off zero

[jugears] 26/3/2020 17:04

Peteret, you can't complain at that would take about 60 years in the bank! The next few weeks I am expecting 1.65 here & 45 at lloyds, although done very well topping up with lloyds last week, Not to worried about dividends at the moment they will be back & would rather worry about this rare once in a lifetime opportunity to add to my holdings, Ah well you win some you loose some don't you NHS !

[peteret] 26/3/2020 16:59

I had some at 102.Wish I'd hug on to them but sold at 114 for a nice profit not knowing if they would go lower.

[dr_smith] 26/3/2020 16:50

smurfy.
Normally population expansion outstrips home supply.
Population won't change - and possibly with couples at home, more time to procreate.
If people don't buy new homes they either rent or live with Mum and Dad.
With short house supply, rents will likely go up, increasing desire to escape paying out dead money. I'm out of touch with you, but from my understanding of their horizon of wanting everything today, I can't see them being happy living at home.

In a few months, some slack can be taken up by working weekends/holidays (on an optional basis).
Possibly retired trades could return to help take up slack ona gov assisted scheme, same way they've been brought in for NHS?? Maybe. It's possible.
It would work for HB, house buyers, gov and retired looking for holiday money, everyone a winner, so why not.

IMO
Dave

[kazz] 26/3/2020 16:37

Excellent call here today JUGEARS
Regards..kazz

[jugears] 26/3/2020 16:31

Smurf - Only to be expected it will soon recover.
Peteret, I bought some at 1.13 that I still have, Quite expect these to close above 1.35 tomorrow.

[smurfy2001] 26/3/2020 15:57

Number of homes sold in UK expected to plunge by 60% in next three months

Property website Zoopla reports viewings and house moves have ground to halt due to coronavirus

[peteret] 26/3/2020 15:48

Yeah no sign of backdoor bill.Spouting off.Saying I'm a gambler for buying at 117 and 110.Sitting in a nice profit already and theres much more to come.

[jugears] 26/3/2020 14:37

Not much chit chat on here today, Oh yes that's because we are blue(again) & not red! Though for sum reason getting on here is very hit & miss at the moment.

[doyden] 26/3/2020 12:17

A word on the dividend. Whilst sensible to suspend the dividend to conserve cash at this time, I can't imagine the cash burn by TW in a mothballed state would eat very far into their reserves.I'm hoping there is some truth in the belief that many people have already (unknowingly) had CV and once the testing kits become available, a significant portion of the population will be able to live a normal life again. The first sign of anything like that, and I can see TW surging ahead.I'd expect dividends to be reinstated in a reasonable timeframe. Whilst they may be reduced a little so that TW can have a rainy day fund for any similar future event, they won't want to sit on a very large cash balance for long.p.s. I filtered NHS 1 on day one.

[mayers] 26/3/2020 12:10

There is much talk about a vaccine for CV, which will take many months, but very little information concerning the development of immune sera from recovered patients to provide passive immunity for those seriously ill. Any immunologists out there?
Sorry to use your BB as part of an enquiry base.

[1 nhs] 26/3/2020 11:38

I see just 1/4 of companies have paid rents due yesterday.

Mortgages are next

Ring up the bank and ask for a holiday say 3 years or take the house back

That is what’s on the cards

Why should I pay if he is not

Remember the banks don’t want your house back no matter what

[1 nhs] 26/3/2020 10:20

Never sold short

Just read the thread.

[cashandcard] 26/3/2020 10:16

1 NHS is a short seller. S/he has been doing the rounds on airlines recently. Now s/he is trying it on the housing stocks.

[spcecks] 26/3/2020 10:05

clarky5150 you must be bullish on on house builders.

[m4rtinu] 26/3/2020 08:27

That's why we need widespread testing. At the moment the "professional" modellers are all guessing.

Correct to say a bad testing regime is worse than none. But there seems little urgency or perhaps they are being urgent but can't/won't tell us why so long a delay. Test - track - treat. And don't relent!

[clarky5150] 26/3/2020 08:15

Topped up on the opening spike down. Still not at full holding but the whole lockdown thing which was perhaps the most draconian move in the whole affair did nothing negative to the price.
An interesting study by Oxford Uni suggests up to 50% of the population has already contracted and recovering/recovered from CV19. That makes far more sense than the small, acute symptom sufferer figures we have been relying on.