Taylor Wimpey Share Discussion Threads

[danvandan] 02/7/2024 11:39

Btw, shorts are climbing at Barratt. Two more hedge funds declared positions yesterday and Barratt's reported shorts (this doesn't include any short positions under 0.5% of the total shares) are now at 4.36%. This is one of the highest and only needs another two more shorters to push above the 0.5% threshold for Barratt to be in the top five most shorted shares on the LSE. Paradoxically, the Barratt share price is rising ever so slightly and this will likely just amplify the fall when it comes. Barratt reports on the 10th of this month. Expect a read-across to the TW share price when Barratt's dire results come out.

[danvandan] 02/7/2024 10:44

Rightly so, jugears. High interest rates are a curse, but even if the BoE reduces rates by a measly 0.25%, the mortgage providers will not necessarily immediately reduce their rates, and those that do will be unlikely to pass on a full quarter point reduction. What is more relevant is the number of mortgage holders who are coming off the ultra-low rates of recent years; they are in their thousands and many will choose to attempt the sale of their homes to gain the equity they've built up and reduce their monthly outgoings. The number of properties for sale is at a ten-year high and this will go even higher, adding to the 'buyers' market' and depressing prices further. House prices will remain flat or even go into reverse, depending on how unemployment goes (hopefully we won't have a recession) and inflation will continue to impact housebuilders' costs and their earnings.

I see that Berkeley have got planning permission for 2,100 homes on an old gas storage site, more than 50% of their current annual output. If the project doesn't kill their company with cost over-runs, it'll point the way for brownfield development. Similarly, Vistry and Bloor have just got permission for 800+ homes on another brownfield site. That's just two projects this week; there's plenty of competition out there for housebuilders, and I don't see any immediate prospects for TW to suddenly up production and generate its historic level of profitability.

What I do see are thousands of newly built houses up and down the country, and schools are closing because they don't have enough pupils! The housing shortage is a myth. The only problem with housing is that it's a massive asset bubble waiting to burst. The balancing act govt and industry is attempting to pull off is a slow deflation of house prices rather than a crash. If prices stay flat for a decade, the UK will have had a lucky escape, and I think that's the outcome that everyone is aiming for.

[jugears] 02/7/2024 09:29

Becks, they will be on holiday until September when they get in to power, so apart from buying opportunity I don't see much happening in the markets but I do think that there will be a lot of pressure to reduce interest rates maybe as early as the next meeting.

[beckers2008] 02/7/2024 08:36

""Beckers2008 - 28 Dec 2022 - 16:07:12 - 11929 of 18291

BOE Base Rate at 6%. Absolutely no chance.""

Seems I was correct.

Now when is this house price coming,lol!

I see Dire Keir clocks off at 6pm every Friday, lol!
A British PM stop working Friday evening, where is the decision making, lol, just lol!

[kreature] 02/7/2024 03:35

‘ High mortgage rates pricing out buyers, says Nationwide ‘
‘ transactions involving a mortgage are down by nearly 25% over the past year,’

[beckers2008] 01/7/2024 13:54

K,

Can you let posters know, when is the house price crash going to happen, 2018, 2019, 2020, 2021, 2022, 2023, 2024, it's a no from the market.
Seems the trolls and some of them have been wrong for 6 years, lol, just lol!

[kreature] 01/7/2024 13:11

‘ So if transactions are only down 15% why have hb's cut production by 30 plus percent? ‘

Cos just getting started

[uhound] 01/7/2024 11:27

You do know the Nationwide HPI is only based on its own mortgage approvals and covers only a small number of the total market transactions etc?

House prices are down in many areas across the country if you look at OFNS.

But anyone involved in the industry will tell you the same. Broadly speaking there has been a decline in prices in most areas. Why - affordability.

[jugears] 01/7/2024 10:19

Prices were up 1.5% from a year earlier, but Nationwide said, external activity in the housing market had been "broadly flat" over the past 12 months, with transactions down by about 15% compared with 2019.

So if transactions are only down 15% why have hb's cut production by 30 plus percent?
It seems to me that hb's could be building & selling more if they wanted to, this was echoed by sites before I fully retired, several said they could sell more if they were allowed to build more! Perhaps an over reaction from the hb'S?????

[kreature] 30/6/2024 10:22

O/t linden homes review on TP
‘ Rated 1 out of 5 stars
7 Mar 2019
Buy a freehold Linden Home at your peril particularly if there is a communal area for which you have to pay initially a modest service charge. Once the development is complete they will throw you to the wolves - literally. In all probability First Port management will be appointed and then the fun starts!!! Read all about First Port and it will open your eyes. Your freehold property will become almost unsalable after a few years with increasing service charges for unnecessary and questionable work. You have been warned!!
Date of experience: 07 March 2019

[kreature] 29/6/2024 16:39

Possibly in the middle of total wipeout if you factor in the cost of living and inflation and the ‘scamming̵7;
Imo

[beckers2008] 29/6/2024 12:14

K,

Can you let posters know, when is the house price crash going to happen, 2018, 2019, 2020, 2021, 2022, 2023, 2024, it's a no from the market.
Seems the trolls and some of them have been wrong for 6 years, lol, just lol!

[kreature] 29/6/2024 11:39

“It’s grim news if you happen to own one of these homes”

[kreature] 29/6/2024 09:21

So are the freehold houses really ‘fake-freehold’ fleeceholds ? Apparently Taylor Wimpey are “SCAMMING” well meaning hard working house buyers “from the start”. At least that is what some members of parliament say :



I’ve not totally made up my mind but surely buyers should at least search for Taylor Wimpey Reviews and read all about the apparently possibly onerous covenants in the TP1 land reg doc, and of any uncapped unregulated estate management charges potentially harming the future valuation of a so called freehold home ?

[beckers2008] 29/6/2024 08:40

Seems I was correct, nothings changed there...

""Beckers2008 - 16 Nov 2023 - 09:49:29 - 4929 of 5592
k, sT, U, Sikhthetech,et al,

In case you missed it, the normal idiotic posts from mug-punter 'Sikhthetech' lol!

"UK house prices suffer first annual fall since 2012"

The village idiot is going to print, to prove it's self a village idiot, yet again lol!

So not since 2018, lol!
Only 5 plus years wrong, lol, just lol!

BoE Base rate at 6%?
Absolutely no chance."" END

So, are BoE Base rates gonna hit 6%?
Come on trolls answer the question?

[kreature] 29/6/2024 06:54

More from Trustpilot…

‘ Fake Freehold Scandal
How are you allowed to sell your houses as Freehold when they are all burdened with unregulated rent and service charges. Have you not learnt anything from the Leasehold scandal which you also pioneered?

This fake freehold model is an absolute disgrace. You need to stop exploiting your customers with these underhand tactics.

The fact that you refuse to comment on any of the reviews regarding this subject, speaks volumes.
Date of experience: 28 January 2019

Reply from Taylor Wimpey
1 Feb 2019
Thank you for your comments Dan.

Emma

[kreature] 29/6/2024 06:51

TrusPilot
‘ The worst worry is the fake freehold where we dread to think what level of estate management fees we will be forced to pay assuming they ever finish building the estate. We didn't know anything about estate management fees before we bought but have learned a lot of understand now that it's just a cash cow for building companies. Please, please, please ban this awful, underhand practice of estate management fees!!’

[beckers2008] 27/6/2024 16:18

Desperate Dan, your talking BS again...

Can you let posters know, when is the house price crash going to happen, 2018, 2019, 2020, 2021, 2022, 2023, 2024, it's a no from the market.
Seems the trolls and some of them have been wrong for 6 years, lol, just lol!

[danvandan] 27/6/2024 15:47

Trouble in paradise...

Mortgage costs to rise for 3 million, says Bank


About three million households are set to see their mortgage payments rise in the next two years, the Bank of England has said....

...The Bank found that about one third of mortgage holders in the UK, more than three million, are still paying rates of less than 3%.

These will mostly be people who arranged mortgage deals before the Bank of England started to increase interest rates in late 2021.

These mortgages are now expiring, and the Bank said the majority of fixed rate deals will finish before end of 2026.

For the typical household, monthly mortgage repayments are forecast to increase by around £180, or around 28%.

However, for around 400,000 households, monthly payments could jump by 50% or more.

[sunshine today] 26/6/2024 14:57

Grim over the pond

US new home sales plummeted 11.3% in May to 619,000 units

[beckers2008] 26/6/2024 14:56

Sikhthetech actually watches posters edit their posts, lol!
Sikhthetech sometimes responds in seconds and has got caught out numerous occasions, lol!

Now when is this house price crash going to happen, 2018, 2019, 2020, 2021, 2022, 2023, 2024, it's a no from the market.
Seems the trolls and some of them have been wrong for 6 years, lol, just lol!

[danvandan] 26/6/2024 14:49

Lol! jugears, protesting that he DOESN'T always reply within minutes, by ACTUALLY REPLYING WITHIN MINUTES. I think you may have just perfectly proved sikh's point.

[jugears] 26/6/2024 14:28

sicky, & your point is?? TBF I don't always reply within minutes.