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Prices & Quotes - UK Markets - Taylor Wimpey (TW.)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 164.60p
Change Today:
-1.45p
Market Cap:
6,002m
Sector:
Household Goods & Home Construction

Housebuilders rally on reports of mortgage guarantee scheme

By Michele Maatouk

Date: Monday 01 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Shares of London-listed housebuilders rallied on Monday on news of a new mortgage guarantee scheme that would see a return of 95% of mortgages.
Persimmon, Taylor Wimpey, Barratt Developments, Berkeley, Crest Nicholson and Vistry all gained on news that Chancellor Rishi Sunak will unveil in his budget this week a mortgage guarantee scheme to help first-time buyers.

As part of the scheme, the government will offer incentives to lenders which would mean that people would be able to buy properties worth up to 600,000 with a deposit of just 5%.

"Though it would not provide government capital (as the core Help to Buy scheme did), it could achieve something similar, in our view, bridging the gap between lenders and low-deposit buyers and underpinning the bottom end of the housing ladder," Morgan Stanley said.

MS said the scheme could calm concerns over a cliff edge after the Help to Buy initiative is phased out and the stamp duty holiday ends, and would also work against higher loan-to-value mortgage rates seen in recent months, which has significantly eroded affordability.

"We also note that other recent articles (Financial Times, Bloomberg) have highlighted the risk of a corporation tax increase; any increase in demand that drives homebuilder revenues may be offset by an increase in tax expense further down the income statement. Nevertheless, we see this potential development as a clear positive for UK homebuilders, given their sensitivity to UK house price trajectory."

The stamp duty holiday on the first 500,000 of a property purchase is due to end on 31 March. However, there have been reports that Sunak could announce an extension to the deadline in the budget.

Neil Wilson, chief market analyst at Markets.com, said a new mortgage guarantee scheme would underpin confidence in the housing market, "which is inextricably linked to confidence in the broader economy".

"It should also be a big boon for the housebuilders," he added.





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Taylor Wimpey Market Data

Currency UK Pounds
Price 164.60p
Change Today -1.45p
52 Week High 191.70p
52 Week Low 99.18p
Volume 6,016,219
Shares Issued 3,646.48m
Market Cap 6,002m

Performance Indicators

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What The Brokers Say

Strong Buy 15
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 18
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Taylor Wimpey Dividends

  Latest Previous
  Final Interim
Ex-Div 01-Apr-21 03-Oct-19
Paid 14-May-21 08-Nov-19
Amount 4.14p 3.84p

Trades for 30-Jul-2021

Time Volume / Share Price
16:35 3,662,712 @ 164.60p
16:29 4 @ 164.70p
16:29 2 @ 164.70p
16:29 18,099 @ 164.88p
16:29 3 @ 164.85p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Irene Dorner