Taylor Wimpey Share Discussion Threads

[blackhorse23] 03/11/2022 14:14

Sold this stocks just now because BOE is not giving us peace & bought CURY (LSE) , interim dividend news soon

[25guilderbag] 03/11/2022 14:14

Already possible to get 5% on a 5yr fix.I recently put a lump into 2yr paying 4.77%.You do make a reasonable point that rates may have temporarily peaked, the same 2yr is now only paying 4.66%

[beckers2008] 03/11/2022 13:46

25G,

Since you boasted about your so called mate spending £15k a day, lol!
You post doom and gloom, saving rates over 5%, lol!

You haven't listened to Andrew Bailey earlier, mortgage rates are above the curve.

BOE base rate forecast, down again to 4.75%
All the idiots here forecasting 6%, lol, just lol!

[jugears] 03/11/2022 13:41

Sikh, you still haven't answered my question?

[25guilderbag] 03/11/2022 13:41

How did you know that I appreciate a quality handkerchief? Lol.Not doom and gloom for me. Looking forward to savings rates over 5% and really enjoying watching greedy property speculators get a bloody nose. Long overdue.

[sikhthetech] 03/11/2022 13:32

25G

"The only people saying otherwise are those with a vested interest in property."

Exactly. Their minds are clouded by the fact they have a vested interest in property.

Just like some of the clueless sheep who buy shares..


Jugears,

"why do you assume people are desperate to sell?"


Savills have added 20% new lots to their next auction next week and have had to org a 2nd auction this month.

Savills normally have 1 auction in a month, so 2 is unusual. Last November there was only 1.
Do you think they are org a 2nd auction for fun or because there is demand to sell quickly?

[25guilderbag] 03/11/2022 13:18

Head over to the Money saving Expert forums to watch the housing market (and wider economy) unravel in real time.
Perhaps the most relevant for TW is folk asking for tips on how to renegotiate price of new builds (for obvious reasons).
HBs refusing to drop prices as will lead to lenders revaluating and leaving whole estates in negative equity. They'll throw in freebies, pay stamp duty, legal fees etc, basically anything other than drop price.

You've got tales of hardship, small business failures, redundancy, shrinking pensions, interest only mortgages that now need to be repaid, mortgage offers being pulled, lending requirements now excluding potential buyers, renters refusing to leave, landlords desperate to get out, empty Airbnb dilemmas, amateur BTL landlords completely unaware of GCT liabilities, forced sellers, relationship breakdowns.
It's an absolute bloodbath.
The only people saying otherwise are those with a vested interest in property.
This is after a few brief months of modest interest rate rises, what happens when the pain really kicks in?

[beckers2008] 03/11/2022 13:15

BOE State that there is a downside to mortgage rates and that the latest rate rise is more than priced in by mortgage lending rates.

[jugears] 03/11/2022 13:14

sikh as you & I well know people sell houses & property at Auction all the time, sometimes there is a lot & sometimes there are loads, why do you assume people are desperate to sell?

[wfl1970] 03/11/2022 13:00

BBC
"Bank of England expects UK to fall into longest ever recession."

"The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years.

In its outlook for the UK economy, it said the country would face a "very challenging" two-year slump and unemployment will nearly double.

It lifted UK interest rates to 3% from 2.25%, the biggest jump since 1989.

It takes borrowing costs to their highest since 2008, when the UK banking system faced collapse.

"The cost of living is rising at its fastest rate in 40 years, leaving many households facing hardship."


The signs were there months ago...the bulls constantly ignore them.

[sikhthetech] 03/11/2022 12:55

Jugears
"30 properties are not really a lot in the grand scheme of things"

It's about 20% increase in the number of lots for their 8th November auction.
They've already got another auction lined up in 3 weeks time for those desperate to sell!!!.


The trolling sheep Beckers, Fenners, Imastu, angers haven't got a clue as usual...

[wfl1970] 03/11/2022 12:50

SP near overbought territory... Next leg down to follow...

[jugears] 03/11/2022 12:47

I wonder what the markets will sulk about next week?
30 properties are not really a lot in the grand scheme of things & probably in London?
St at the same time the clowns were buying in to every other sector as well, lol oh lol, I have not that brief little spike up several times recently, Algo errors?

[beckers2008] 03/11/2022 12:47

BOE State that their is a downside to mortgage rates and that the latest rate rise is more than priced in by the mortgage lending rates.

[sunshine today] 03/11/2022 12:42

The clowns bought the builders for 5 minutes, than ran into a wall of selling

Lol

[jugears] 03/11/2022 12:41

You can see how manipulated the markets are the rate rise has been expected for the last month, lol oh lol

Sikh most loans are fixed for the duration if you are buying cars, furniture or electrical goods etc etc, as are most personnel loans if you have gone to the right company!

[sunshine today] 03/11/2022 12:39

“have you noticed how few for sale signs there are about”


No but I have been looking at number of houses for sale on Rightmove.

These have been going up just a tad under 1% every day. !!

[sikhthetech] 03/11/2022 12:35

Mortage rates have tripled.

Interest rate rises also impacts credit cards/loans.

Tax rises to come.

Winter of discontent coming to the UK. People have had it too good for too long because of govn support.

[jugears] 03/11/2022 12:32

CD, something is definitely going to break in the US, I can almost guarantee that!
Lef, you mean the cost of the interest payment on there mortgage not the overall mortgage payment, therefore if your repayment mortgage had say £600 a month payments they will not now be £1200 a month, only the cost of the interest,Imo next year they will be giving holidays,cars,electrical goods,furniture away as they will be first to be hit,have you noticed how few for sale signs there are about?