Taylor Wimpey (TW.)

Sector:

Household Goods

Index:

FTSE 100

137.45p
   
  • Change Today:
    -2.80p
  • 52 Week High: 148.75
  • 52 Week Low: 99.70
  • Currency: UK Pounds
  • Shares Issued: 3,536.67m
  • Volume: 2,129,851
  • Market Cap: £4,861.15m

Government extends mortgage payment holiday until October

By Abigail Townsend

Date: Friday 22 May 2020

LONDON (ShareCast) - (Sharecast News) - The government's mortgage payment holiday scheme has been extended for three months, it was announced on Friday.
Under the scheme, which was agreed with lenders to help homeowners who are struggling financially because of the Covid-19 outbreak, banks provide three-month payment holidays to customers who request them without their credit rating being affected.

The amount deferred still needs to be paid back, however, and is added onto the outstanding loan.

It was initially scheduled to end in June but the Financial Conduct Authority and the Treasury have announced it will be extended until 31 October 2020.

It means homeowners can either extend an existing holiday, or if they have not yet applied, have until October to request one.

An existing ban of home repossessions has also been extended until October.

Christopher Woolard, interim chief executive at the FCA, said: "Our expectations are clear: anyone who continues to need help should get help from their lender. We expect firms to work with customers on the best options available for them.

"Where consumers can afford to re-start mortgage payments, it is in their best interests to do so. But where they can't, a range of further support will be available."

John Glen, economic secretary to the Treasury, said: "We're doing everything we can to help people with their finances at this difficult time, and that includes making sure people get the support they need with their mortgages.

"Everyone's circumstances will be different, so when homeowners can pay some or all of their mortgage, they should work with their lender on a plan, but if there are struggling, I want them to know help is there."

Sarah Coles, personal finance analyst at Hargreaves Lansdown, said the extension would be a "huge relief" to many.

"However, it's not a get out jail free card," she added. "While your official credit record can't be affected by these breaks, this is the only way firms decide whether to lend to you. If you apply for loans in future, you may be asked whether you took advantage of the scheme, and how long for. So it could still affect your ability to borrow.

"There's also an immediate financial cost, because these missed payments will have to be repaid."

More than 1.8m homeowners have applied for a payment holiday since the scheme launched in March.

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Taylor Wimpey Market Data

Currency UK Pounds
Share Price 137.45p
Change Today -2.80p
% Change -2.00 %
52 Week High 148.75
52 Week Low 99.70
Volume 2,129,851
Shares Issued 3,536.67m
Market Cap £4,861.15m

Taylor Wimpey Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.14% above the market average61.14% above the market average61.14% above the market average61.14% above the market average61.14% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Price Trend
75.31% above the market average75.31% above the market average75.31% above the market average75.31% above the market average75.31% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Income
78.03% above the market average78.03% above the market average78.03% above the market average78.03% above the market average78.03% above the market average
89.47% above the sector average89.47% above the sector average89.47% above the sector average89.47% above the sector average89.47% above the sector average
Growth
80.43% below the market average80.43% below the market average80.43% below the market average80.43% below the market average80.43% below the market average
76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 5
Sell 1
Strong Sell 0
Total 14
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 28-Mar-24 12-Oct-23
Paid 10-May-24 17-Nov-23
Amount 4.79p 4.79p

Trades for 28-Mar-2024

Time Volume / Share Price
09:34 298 @ 137.46p
09:34 3,530 @ 137.49p
09:34 8 @ 137.50p
09:34 703 @ 137.45p
09:33 722 @ 137.50p

Taylor Wimpey Key Personnel

CEO Jennie Daly

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