Taylor Wimpey Share Discussion Threads

[jugears] 02/9/2020 17:18

WOW & your point is?

[sikhthetech] 02/9/2020 17:03

According to BDEV's results 272k homes were sold using Help to Buy and 82% were 1st time buyers.

and 46% would not qualify for the new Help to Buy changes, due to come in affect in 6 months...

That's not a small number..

Plus regional price caps to come!!


"Prior to the pandemic the availability of both 95% LTV lending and the Government's Help to Buy scheme provided invaluable help for those seeking to get onto the housing ladder. Today there are no mainstream mortgage lenders providing mortgages at 95% LTV for new build homebuyers, increasing the current reliance of purchasers on Help to Buy.

The Government has confirmed that Help to Buy will only continue in its current form until March 2021. Thereafter a new scheme will be in place for two further years, limited to first time buyers with regional price caps. We have been planning for the changes to the Help to Buy scheme in our land acquisition since the new scheme was announced.

Up to March 2020, 272,852 homes had been bought using the scheme, 82% of these by first time buyers, (source: MHCLG, Help to Buy (equity loan scheme) statistics: April 2013 to March 2020).

Although Help to Buy continues for first time buyers through to 31 March 2023, the regional price caps will prove restrictive for many, particularly those looking to purchase new homes in parts of the North and the Midlands where the price caps create significant limitations on the choice of new housing available within the new scheme. During FY20, 46% of our purchasers who used Help to Buy would not qualify for the new Help to Buy scheme, but they would qualify for other mortgage products or be able to use our part-exchange scheme"

[imastu pidgitaswell] 02/9/2020 16:54

free stock charts from uk.advfn.com



:-)

[jugears] 02/9/2020 16:48

omg48, the problem is that people buy into a share when they see a sharp rise & think they have missed the boat! this could go up up even higher tomorrow or though chances are we will see some profit taking.

[jugears] 02/9/2020 16:40

Sikh you should try reading all of my post/posts, I have know plans to sell any of my long term holdings??? I bought 20k yesterday to have a go at trading with the intention that these would rise today by about 4p but have decided to keep these for now, I have said many times that tw are a trading stock the share price is manipulated both up & down, something I have little control over, I could be wrong but it very often seems that what is going on in the rest of the world has little effect on where this does or doesn't go, it goes down for know reason & up for Know reason, This has tended to bottom out around 1.15 & then for know reason at all has gone back to 1.70/1.80/1.90.
Are we heading there again soon ? Lets just say the feedback I am getting from tw at the moment is that they are very very busy & so am I, I think the biggest problem is people are finding it hard to conceive that actually the country is picking up momentum & not going in to this deep depression that has been so widely banded about, there may still be job worries but there seems to be far more cars/lorries & vans on the road than the were.

[imastu pidgitaswell] 02/9/2020 16:29

Likewise - that sort of gain in 24 hours with this history? Still holding a very lot.

Maybe buy today's back tomorrow.


But, a candle like that, finishing above the August stuff - very positive. All it took was fltyuretu pitching up yesterday early afternoon and it was only going one way....

[omg48] 02/9/2020 16:17

Couldnt resist taking profit at 126p

[sikhthetech] 02/9/2020 16:14

Jug

"the lacklustre summer season I see markets rising anyway"

You trading now!!! lol
When the share price falls again then it'll be back to holding for 20yrs!!


We're in Q3 getting into the uncertain period of time.

The markets didn't fall because of a 'lacklustre summer'. They fell because of the economic and global uncertainties. HBs rose due to temporary Stamp Duty Holiday and Help to Buy changes. Both over the coming months.


Surely this is the share price being manipulated, as you say...
or is it manipulation when the share price falls but demand when the share price rises...
;-)

[gbh2] 02/9/2020 16:11

Holding looking much healthier due to recent purchases :))

[jugears] 02/9/2020 16:07

I expect FTIR1 is back at the special needs school today.

[tell sid] 02/9/2020 15:58

Nice rise.

[jugears] 02/9/2020 15:55

1carus, I anticipated these would rise about 4p today, but as they are higher I will keep a while longer, I have been expecting these to nudge back to 1.70 for a while & could now be heading that way, we will see what tomorrow brings, but now we are out of the lacklustre summer season I see markets rising anyway, despite some on here I am of the opinion that Tw has been overly marked down recently.

[imastu pidgitaswell] 02/9/2020 15:31

As per this morning - a close above the August candle peaks - say 125 - will be interesting going forward.

Site was messed up for about an hour, as it was yesterday. We don't need that going forward - although both times TW. rose significantly. Might be something in that - the farty person going silent?

[1carus] 02/9/2020 15:14

Jug, have you sold the ones you recently bought on this rise , or do they actually fall into the, I am going to keep these category? You could always set a stop loss from here and still take a profit!

[1carus] 02/9/2020 15:14

Jug, have you sold the ones you recently bought on this rise , or do they actually fall into the, I am going to keep these category? You could always set a stop loss from here and still take a profit!

[jugears] 02/9/2020 12:47

sikh is it not best to accept that the markets have read the housing market wrong for now? should that be the last 10 years, you can throw help to buy/Stamp duty rebate or what ever you like but the simple fact is that there is an under supply of new homes that is not meeting demand, & there is no firm evidence that help to buy or stamp duty has actually helped anyone buy a house that wouldn't have bought anyway , both of these were rushed into a market where houses were still selling so how do we know what benefit they have been to anyone, I have already said before that most people using help to buy didn't need it.

[tlobs2] 02/9/2020 12:27

sikhthetech2 Sep '20 - 12:17 - 1104 of 1104 (Filtered virus)

[sikhthetech] 02/9/2020 12:17

Imastu,

yes, if you can't accept the fact that BDEV confirmed what I said, and what's happening to the housing market/HBs, it's then best to ignore and stick your head in the sand.
;-)


Interesting that after PSN reported TW share price went to 125p before dropping back.

[imastu pidgitaswell] 02/9/2020 12:03

:-)

I'm not doing the whole housing sector debate again. It's tedious and sikh is filtered. I'll leave it to you - or better still, just leave it...

[jugears] 02/9/2020 12:01

whoopie 4.5k

[npp62] 02/9/2020 11:48

Absolutely agree 100%

[sikhthetech] 02/9/2020 11:44

Jug,

"doubt very much if stamp duty holiday is helping at all except for the rich who don't need it of course!"

That's complete rubbish.. Stamp Duty Holiday helps those who are buying below £500k. That's about twice the avg UK property price.

They are not the very rich!!



According to this nearly 9/10 (or 90%) home buyers will pay no Stamp Duty, so those buying < £500k.
So Stamp Duty holiday is helping nearly 90% of current home buyers.. Not helping at all, eh!!


"The average stamp duty bill will fall by £4,500, Chancellor Rishi Sunak has suggested, with nearly nine out of 10 people buying a main home this year paying no stamp duty at all."

[jugears] 02/9/2020 11:37

I would put pent up demand at the top of my list & doubt very much if stamp duty holiday is helping at all except for the rich who don't need it of course!

[imastu pidgitaswell] 02/9/2020 11:28

Still going - 124 was pretty much the peak on Friday. Closing above that would be interesting...

Gap at 132.