Taylor Wimpey
| Use attributes for filter ! | |
| Stock price | TW |
|---|---|
| Disclaimer | |
| Headquarters | High Wycombe |
| United Kingdom | |
| Ceo | Peter Redfern |
| Revenue | 4. 082 billion GBP (2018) |
| Subsidiaries | Wilson Connolly Ltd |
| Wainhomes Limited | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1012277 |
About Taylor Wimpey
Taylor Wimpey plc is one of the largest British based housebuilding companies. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. Its operational headquarters in the United Kingdom are in High Wycombe.
Essex boy asks King Charles to save Shoeburyness trees
... Ricky asked the King to help save 62 trees in Shoeburyness, Essex, to make way for Taylor Wimpey homes...
Housebuilder sees rise in 36-year mortgages
... Taylor Wimpey said 27% of first time buyers are taking mortgages of more than 36 years compared to 7% in 2021...
London Olympics: Residents 'betrayed' over housing promise
... Chobham Manor, a development of 880 homes next to the Lee Valley Velo Park, is an " incredible new neighbourhood" according to developer Taylor Wimpey...
New powers proposed to end unsafe cladding scandal
... Developers have argued that they met building regulations at the time and should not be liable for the cost of removing unsafe claddingHowever, some, such as housebuilder Taylor Wimpey, have already promised to foot the bill for issues at their buildings...
Ladbrokes claimed £102m furlough despite online boost
... ” A number of companies when the impact of the pandemic proved less severe than initially feared - including housebuilders Redrow, Barratt and Taylor Wimpey, Games Workshop, and distribution giant Bunzl...
Housebuilder Taylor Wimpey axes ground rent rises
...Thousands of leaseholders who bought homes from housebuilder Taylor Wimpey will no longer be subjected to ground rents that double every 10 years...
Real Living Wage rises to £9. 90 an hour
... The latest employers to join include housebuilders Taylor Wimpey and Persimmon Homes, Fujitsu, food delivery company Getir and outsourcing firm Capita...
Coronavirus: B&Q stores closed in the midst of lockdown
... On Thursday, the other companies such as Jaguar Land Rover, Aston Martin, and Taylor Wimpey said they would not be able to return to work...
Housebuilder sees rise in 36-year mortgages
By Tom EspinerBusiness reporter, BBC News
Customers at one of the UK's biggest housebuilders are taking out longer mortgages to make monthly repayments more affordable.
Taylor Wimpey said 27% of First Time buyers are taking mortgages of More Than 36 years compared to 7% in 2021.
While extending mortgage terms means lower monthly payments, customers end up paying more overall.
Mortgage rates have been soaring as The Bank of England raises interest rates to try to get inflation Under Control .
The housebuilder said that alongside First Time buyers, second time buyers are also increasing mortgage terms, with 42% taking mortgages of More Than 30 years, compared with 28% in 2021.
In the UK as a whole, The Number of housing transactions was higher in June compared with May, But it was 9% lower than in June 2022,
Have you been affected by the issues raised in this story? Get In Touch .
Taylor Wimpey said that interest rate hikes had hit the cost of borrowing.
The " challenging backdrop" for customers has led to more of them extending their mortgage terms, it said.
It added that the " substantially higher mortgage rates" had " inevitably" hit its Results - But it said it expected to sell between 10,000 and 10,500 homes by The End of the year, which was at the upper end of its expectations.
It made a profit of £238m in The First half of the year, which was 29% lower than Last Year .
Meanwhile, Connells owner Skipton Group said The Estate agents, which has 10% of the UK market, had made a net loss of £5. 8m in The First half of 2023.
It said The Fallout from Last Year 's mini-budget, which " stalled" the housing market, had hit Connells sales.
Skipton Group chief executive told The Bbc Radio 4 Today programme that although overall sales had fallen, the proportion of sales to first-time buyers had gone up.
Mortgage rates have been soaring after 13 consecutive interest rate hikes, and on Thursday The Bank of England is expected to put up rates again.
On Wednesday, financial information service Moneyfacts said the average two-year fixed mortgage rate was 6. 85%, while the five-year rate was 6. 37%.
Earlier This Week , Halifax joined other lenders in offering customers mortgages up to the Age Of 75, rising from a maximum working Age Of 70.
What happens if I Miss A mortgage payment? Related TopicsSource of news: bbc.com
