Taylor Wimpey Share Discussion Threads

[sunshine today] 08/12/2022 12:44

They did sell off plan.

As prices are falling like a stone lenders will not accept valuations for mortgages off plan.

Pointless the builder going down that route, because on build completion, the property gets re valued ( for a fee ).


So selling off plan is a complete No No.

[beckers2008] 08/12/2022 12:33

sT,

It is exactly the time to buy as markets will start to look to 2024 after Christmas if not already, evidently the share price is 20% higher than it's October low.

The noise a few weeks ago was huge, the BBC couldn't have shouted louder!

This was the golden opportunity I and others on here took advantage of.

You must be a real saddo to constantly post BS day after day especially as you dont have skin in the game, lol!

ffs, get a life, lol, just lol!

[jugears] 08/12/2022 12:16

St, uk house builders are not like the yanks they sell off plan not build first & hope to find a customer, if you phone wimps for a new house you will wait 6 months.

[sunshine today] 08/12/2022 12:07

Never shorted a share in my life.

I just believe if you want to buy a house builder, you don’t do it when house prices have started to fall dramatically.

When mortgage rates have doubled, and set to go higher.

When unemployment is about to jump.

When the country, and world, are knee deep in government and personal debt.

When the product your selling is built on a speculative basis.

When credit is drying up.

[sunshine today] 08/12/2022 10:47

Kurdmam638 Dec '22 - 10:37 - 11593 of 11593

Is 'sunshine Today' a child molester, he sounds like one, probably has a tattoo as well


/////////////////////////////;;;.


I find that deeply offensive, and will report it to my local police.

Copy taken and also sent to ADVFN.

[kurdmam63] 08/12/2022 10:37

Is 'sunshine Today' a child molester, he sounds like one, probably has a tattoo as well.

[jugears] 08/12/2022 10:07

I can totally agree with that, I missed out on my children growing up through working long hours, I know see my grand kids more than I did my own children & love every minute with them.

[gbh2] 08/12/2022 09:39

Sounds good, One of my granddaughters wrote the following some time ago,on the kitchen notice board.

Every day is a good day when you've Grandchildren :))

[gbh2] 08/12/2022 08:35

Jugears, not the best time of year given my change in circumstances but I'm getting there :)

How are you getting on with your retirement plan?

[sunshine today] 08/12/2022 08:33

Remember.

The U.K. government, is rightly refusing, to be on the hook, for the massive speculative
bubble, created by outrageous loan multiples.

They also know they have to act quickly as the implosion has begun.

[sunshine today] 08/12/2022 08:29

Providing forbearance

In the Dear CEO letter, we said that the TSG is also relevant to borrowers in financial difficulties due to the rising cost of living. So, if a customer indicates that they are experiencing or reasonably expect to experience payment difficulties due to the rising cost of living, firms should offer prospective forbearance to enable them to avoid, reduce, or manage any payment shortfall that would otherwise arise. This includes customers who have not yet missed a payment (TSG paras 3.3, 5.9).

[sunshine today] 08/12/2022 08:26

The lenders will see another run on deposits, as saver’s suddenly realise their savings are being used to bail out millions of mortgagees .

This will snowball.

It’s a deliberate action by the U.K. government to place the risk ( where it should always be ), on the lenders.

[sunshine today] 08/12/2022 08:23

JUGEARS,

The average mortgage payer will be swamping the phone lines into the lenders within a week.


Then your get the scammers.

Then your get citizens advice on the case.

The complete stinking housing pack of cards will come tumbling down.

[spawny100] 08/12/2022 08:22

Customers will be able to switch their mortgage to interest only deal under the new plans. Wonder what that means for the market?

[jugears] 08/12/2022 08:18

Gbh2, how are things with you?

[sunshine today] 08/12/2022 08:11

Umm, The U.K. government has quite rightly put the onus on the lenders to bail out the 15M odd mortgage payers.

That in itself, will result is a massive contraction of new lending.

The great unwind has begun.

[uhound] 08/12/2022 08:09

Questions for you all:

Do people here think that the UK economy is going to get worse?

Or are we at the bottom now?

Or has the recovery started?

Will or is this having an effect on the housebuilders share prices?

[sunshine today] 08/12/2022 04:37

In plain English.


The U.K. government has told the lenders it’s payback time, for the crazy lending multiples they have been handing out, over the last decade.


Take Cyprus, as an example, where the government passed laws allowing the average mortgage payer to default on mortgage repayments since 2008.

They have just extended that law.

[sikhthetech] 07/12/2022 22:43

ST,

agree. I've invested for 40yrs.
Same happens every time.

When prices are falling, speculative buyers look for bargains. They don't want 10% off, they'll offer 25-30% lower than asking prices...

The significant falls in asking prices, falls in mortgage approvals all lead to a housing crash....

It snowballs as more sellers look to sell before prices go lower and buyers offers get lower.



UK house prices show biggest drop since 2008 - Halifax

[beckers2008] 07/12/2022 21:52

One buys house builders when the noise is loud, at 86p!

FACT - Nationwide fixed rates are coming down.
Don't you agree?

FACT - Plentiful credit is available, Gilt yields at mid September level.
Don't you agree?

FACT - Government issued bonds are over subscribed to the tune of 50%.
Don't you agree?

Interesting... No answer yet, lol, just lol!