Taylor Wimpey Share Discussion Threads

[gbh2] 27/6/2014 14:51

Clearly little to no idea what you're spouting about !

[knocknock] 27/6/2014 14:36

it's not easy to take a 2 hour bus journey into the city to get paid less than the minimum wage.

-------------------------------------------


what about a 10 hour treck in temperatures of 100+ just to fetch water from the nearest well?


THATS GRAFTING TO SURVIVE! and I bet none of them moan.

[edlndn] 27/6/2014 14:34

London has a major problem. Average cost of a home in Greater London is now £439,719. Based on the x 4.5 rule of thumb a couple would have to be earning £50k each to afford a mortgage. That's not sustainable for a city (or should I call London a country?!). What concerns me is what this does to our cities. Cities need to be made up of a social mix. And if teachers, artists, students and civil servants get pushed out to outer-outer London then it will crack. London needs to be a diverse city, encouraging young businesspeople and entrepreneurs. Agents in Elephant and Castle are marketing 1 bed flats for £310k. 70% of tenants in Elephant are social tenants and that is to reduce to 8%. Middle and lower income people are being pushed out of the city. No matter how hard you graft, it's not easy to take a 2 hour bus journey into the city to get paid less than the minimum wage.

[gbh2] 27/6/2014 14:19

"prepared to graft will always dictate what they earn"

That's about as accurate as "We have to pay top rates and bonuses for top executives"

Immigration has been allowed to run wild in this country for one reason and one reason only and that's access to cheap labour!

[knocknock] 27/6/2014 14:10

there are jobs by the bucket load at present and depending on how much people are prepared to graft will always dictate what they earn.

I dont think things where any better late 80s or late 90s only peoples perception. Those days anyone got a mortgage and credit was easy. First thing a new homeowner done was get strapped up with new car, sofa,tv, carpets etc,etc. and if today new homeowners just concentrate on paying down their mortgage quick then that can only be a good thing long term.

there will always be homeowners, tenants and scroungers and all will need a roof over their head. herein lies the crux of the matter.

Central Gov has really got to loosen the green belt up and the planning process as the housebuilders are in control I fancy ;;-)

[1carus] 27/6/2014 14:02

Before all this kicked off in 2008 I think I was paying around 5% on my mortgage. I don't have a great deal right now compared with some, but at 2.8% my mortgage interest rate is lower now than I can remember, but my lender has a clear 2.3% against the BOE rate. I suspect that was better than my bank was making back in 2008 when my interest was 5%. (not checked the historical rate)
My point is, given a small rise in the BOE rate say up to 2.5%, I think the products on the market will adapt to give the borrowers a rate at around the 5%, much above this and the peasants will be revolting!

[gbh2] 27/6/2014 13:50

So can I but then I, but then there were jobs and decent wages around!

fwiw I don't have or need a mortgage, paid it off years ago :))

[knocknock] 27/6/2014 13:43

Still historically low.......


I recall paying 15% interest only from Kensington many years ago.


If you cant pay, dont play.

[gbh2] 27/6/2014 13:40

That would put mortgage rates at around 7% :((

[knocknock] 27/6/2014 13:39

the benchmark interest rate is unlikely to rise much above 2.5% over the course of the central bank's forecast period, which ends in early 2017.

[knocknock] 27/6/2014 13:39

stick this in your pipe n smoke it Toffee..........



LONDON---The Bank of England's benchmark interest rate won't rise to levels previously considered "normal" over the foreseeable future, Gov. Mark Carney said in an interview broadcast Friday.

In an interview with the British Broadcasting Corporation, Mr. Carney said that a number of factors will continue to act as a drag on the economy over the coming years, including still high levels of household debt.

Mr. Carney also said he expects demand for Britain's exports is likely to remain weak as a result of the euro zone's economic difficulties, while the pound is likely to remain strong. He added that Britain's lenders will face higher costs in meeting new regulatory requirements, which means they will have to charge a higher margin above the bank's benchmark rate than previously when they make loans to households and businesses.

"The old normal is not the new normal," Mr. Carney said.

Over the course of the BOE's 320-year history, its interest rate has averaged 5%. Between 1997, when the current framework for setting rates was established, and 2007, the benchmark rate ranged between a low of 3.5% and a high of 7.5%.

With the U.K. economy growing strongly, the BOE's Monetary Policy Committee is preparing to raise its benchmark interest rate from an all-time low of 0.5%, and market participants expect the first move to take place either toward the end of this year, or early in 2015.

Mr. Carney said that while the timing of the first move is uncertain, the benchmark interest rate is unlikely to rise much above 2.5% over the course of the central bank's forecast period, which ends in early 2017.

"The old normal was a much higher level than we will get to to bring the economy back to full employment, with inflation on target," he said.

Write to Paul Hannon at [e-mail]

[gbh2] 27/6/2014 11:26

According to their FC
Barratt Update 10 Jul 2014 & Results 10th Sept.

Telford Homes:
10 July: Annual General Meeting
26 November: Interim Results for 6 months ended 30 September 2014

Bovis Homes Group PLC FINANCIAL CALENDAR
An Interim Management Statement will be issued on the day of the Company's Annual General Meeting, which is being held on Friday, 16 May 2014.
A trading update for the six months ending 30 June 2014 will be issued on Tuesday, 8 July 2014.
Half year results for the six months ending 30 June 2014 will be issued on Monday, 18 August 2014.
An Interim Management Statement will be issued on Monday, 3 November 2014.

[el1te] 27/6/2014 11:15

Upcoming sector news throughout July:

2nd July - Persimmon Trading Update
7th July - Taylor Wimpey Trading Update
8th July - Bovis Homes Trading Update
10th July - Telford Homes AGM Statement
20th July - Barratt Developments Trading Update
30th July - Taylor Wimpey Half-Year Results
July - Possible Redrow Trading Statement

El1te

Edit: Typo. As you say, should read 10th rather than 20th

[smurfy2001] 26/6/2014 21:54

My interest payment reduced by £300.

If you can't manage £100 then you screwed up by levering too high.



valedo 14 Jun'14 - 20:17 - 14132 of 14172 0 0

£100 pm hike in mortgage repayments immediately would be more than many could absorb IMO and won't happen. Needs to be a longer run in . Tories won't want much of a rise ahead of 2015 and will do anything they can to delay!

[5bag] 26/6/2014 14:09

Yup, those buys in the low 100's don't look too shabby right now.

[knocknock] 26/6/2014 14:08

interest rate rise now not expected for the foreseeable should propel housebuilders forward. Just usual summertime volatility on overall low volume.

[gbh2] 26/6/2014 14:05

Could do with keeping positive momentum going until 3rd of July for special divi payment, then Update on the 7th.

[1gw] 26/6/2014 13:55

If you want some encouragement on house prices (Taffee look away now) have a look at tables 1 and 2 on page 61 of the Financial Stability Report (link below). 20% rise in house prices expected under the "central" scenario between Q2 2014 and Q1 2017. 45% rise expected in the "upside" scenario over the same period without the interventions, and a reduction of "5 percentage points" (i.e. "only" 40%?) with the imposition of the LTI constraint (the 15% again).

Carney's comment I mentioned above on momentum is backed up at the bottom of page 57 of the report:
"The future path for the housing market is uncertain. The MPC has noted that forward-looking surveys suggest that recent rates of house price increases will continue in the near term but, further ahead, it has assumed that house price inflation will fall back to rise broadly in line with nominal incomes at around 4% per year. Under this central scenario, mortgage lending for house purchase would pick up from around £30 billion to around £45 billion a quarter by mid-2015 (Chart 5.12)."