Taylor Wimpey Share Discussion Threads

[eds the business] 31/5/2011 14:02

tw. doing my ed in!

[smurfy2001] 31/5/2011 12:43

Britain's largest housebuilders and mortgage lenders are in talks to provide 95 per cent mortgages to help thousands of first-time buyers.
The Times has learnt that FTSE-listed housebuilders met the Council of Mortgage Lenders (CML) last week to discuss easing the supply of finance.

The potential breakthrough came as a survey from the Halifax bank found that a generation is giving up on the dream of buying a home. The study found that 64 per cent of 20 to 45-year-olds believed that they would never own a home, due largely to the size of deposit required. That tally will fuel fears that a dearth of first-time buyers may bring the market to a standstill.

One housebuilder who attended the meeting told The Times that it was "a very positive sign" that builders and banks were sitting down together. "We need 230,000 homes a year to be built and we are currently languishing at around the 100,000 level, and it is the deposit gap which is the issue," he said. "A year ago I don't think the banks would have been interested in this but the banking industry and the housebuilders have now agreed to look at this proposal with good intent."

[imastu pidgitaswell] 31/5/2011 11:56

Bit of an odd scheme - the banks wanting builders to underwrite house prices. Why? No-one can or should underwrite house prices, it's a market.

I can see it from the banks' viewpoint - reducing their risk, thereby 'enabling' them to lend to buyers (they already can, they're just not doing so), more volumes with no risk and therefore more profits = more bonuses.

From the housebuilders' viewpoint it works the same way, including more volumes from first time buyers - but only as long as prices do not fall. If they do, the builders get stuffed by theis guarantee scheme and also by trading losses on their building operation.

Just the banks wanting others to take their risk for them. Hopefully builders can negotiate a better outcome than the outline suggests.

[shaws37] 31/5/2011 11:39

racg, nowt wrong with a protest ;) although it was initially an observation :)

[smurfy2001] 31/5/2011 11:04

LONDON (Dow Jones)--U.K. housebuilders and mortgage lenders are in talks to provide loans worth 95% of the value of a property to ease a shortage of available mortgages and help first-time buyers, The Times reported Tuesday, citing a housebuilder who attended the talks.
The report said one scheme under consideration would see housebuilders create a fund with a significant injection of equity that would be used by banks to underwrite the mortgage loans. In exchange, the housebuilders would want banks to reduce their credit risk scoring criteria when assessing first-time buyers.
The report also said the talks involved banks including Lloyds Banking Group PLC (LYG) and Banco Santander SA (STD) and housebuilders Taylor Wimpey PLC (TW.LN), Barratt Developments PLC (BDEV.LN) and Persimmon PLC (PSN.LN)

[racg] 31/5/2011 10:59

I think you protest too much Shaws, .6 % of a percent difference with Bdev in the uplift at the moment, 1.9% up and not too shabby if you get a few days like that for a while. Barratt could do with a share buy back program too. As for PSN, pretty fully valued anyhow, isn't it, comparitvely speasking.

[gbh2] 31/5/2011 08:56

"TW is the runt again."

Way too easy to manipulate with all the cheap shares it has on the market, needs and has needed a share consolidation for quite some time imo.

[shaws37] 31/5/2011 08:07

Compared to PSN & BDEV this morning so far ( well, only 7 mins) - TW is the runt again.

[davy855] 27/5/2011 09:17

up 1 of the finest English pence.

[homeboy35] 27/5/2011 08:54

common the wimp

[695hwb] 27/5/2011 08:46

yes, that sums my thoughts up - thanks for the charts

[695hwb] 27/5/2011 08:23

and off we go back up to 40p - again!

[aphrodites] 27/5/2011 08:03

SHAWS

I do not profess to be a prophet but the application of the Elliott Wave Theory does have an uncanny habit of being right where the price movement of TW is concerned.

And as far as I can see it has put me at a distinct advantage over many of the bullish recommendations that I see here.

Elliott works for me but then I have studied the "theory" for over 10 years

[careful] 27/5/2011 07:49

up .3%.
and that is just asking prices.
who are they kidding.
cant be measured that accurately.

[jibba_jabba] 27/5/2011 07:42

Nationwide HPI up..

[eds the business] 26/5/2011 18:57

Where's Sir Rational when we need him?

[sundaymonday] 26/5/2011 18:04

But then it goes up

[shaws37] 26/5/2011 16:41

APHRODITES - sorry man, but you only know as much as the rest of us. Unless you can move the market then im listening ;)

[aphrodites] 26/5/2011 15:59

Fast approaching the 35p level I warned this could touch and we are only in the third wave of 5 in this downward spiral.

Could even go as low as 33p.

As I warned not one to sit with.

[shaws37] 26/5/2011 15:48

awe man - this share price is doing my nut in. :( Should have sold out at 42p - lucky white heather huh.

[shaws37] 26/5/2011 13:35

Smurfy, thanks. It was raining here for 10 mins early morning but still really hot.


Was hoping to see the share price in the high 40's by now but no such luck. The handle for the cup must have broke ;)

[smurfy2001] 26/5/2011 13:24

shaws, very nice, it's raining here in the UK so enjoy the weather.