Taylor Wimpey plc · LSE:TW.
Taylor Wimpey — Fact Sheet (June 2022)
37 slides from Taylor Wimpey's fact sheet, June 2022
Slide 1: Mortgages demystified webinar
Mortgages demystified webinar Answers to your questions
Slide 2: Following the webinar held on Monday 23rd May
? Following the webinar held on Monday 23rd May at 8pm...
Slide 3: Worked with Threshold Mortgages and Mortgages First
We have worked in conjunction with Threshold Mortgages and Mortgages First to answer some of the questions submitted.
Slide 4: Taylor Wimpey not authorised by the FCA
As Taylor Wimpey is NOT authorised by the Financial Conduct Authority, we cannot provide any advice in relation to mortgages (including any credit histories).
Slide 5: Maximum house price for Help to Buy: Equity Loan
01. What’s the maximum house price for Help to Buy: Equity Loan?
Slide 6: Help to Buy terms vary by region
01. The terms of Help to Buy scheme vary dependent on where you want to live. A new build developer and/or a mortgage broker will be able to confirm the regional price caps based on the property you wish to buy. Alternatively, the Help to Buy website (link below) also provides more information on th
Slide 7: How can I buy a new build in Manchester?
02. How can I buy a new build in the Manchester area?
Slide 8: Speak to our sales executives in Manchester
02. We suggest that you speak to our friendly sales executives at one of our developments within the Manchester area. Simply search our website to find a development in your desired location and book an appointment.
Slide 9: Are build dates realistic?
03. We have been waiting for a home to be released, are the build dates realistic based off this year? I’m in Scotland waiting on a Baxter home for Bishopton in Scotland.
Slide 10: Speak to sales executives at the development
03. We suggest that you speak to our friendly sales executives directly at the development, who should be able to give you further information.
Slide 11: Joint mortgage and combined credit histories
04. Can one get a mortgage with one’s husband? Can both credit histories be combined to increase loans to be obtained?
Slide 12: Joint mortgage applications consider both credit histories
04. When applying for a joint mortgage, both credit histories are considered for the mortgage approval. However, please note that Taylor Wimpey is NOT authorised by the Financial Conduct Authority and cannot provide any advice in relation to mortgages (including any credit histories). We suggest tha
Slide 13: How long do Agreements In Principle last?
05. How long typically do Agreements In Principle (AIP) last?
Slide 14: An AIP is usually valid for up to 90 days
05. An AIP is usually valid for up to 90 days but this can vary depending on the lender.
Slide 15: AIP with more than two lenders
06. Can I have AIP with more than two lenders at the same time?
Slide 16: Advice on AIPs and credit checks
06. For advice on AIPs and credit checks, and to ensure that you choose the right mortgage, we would recommend that you speak with a mortgage broker.
Slide 17: Losing jobs after taking a mortgage
07. What if we take out a mortgage but several months later we lose our jobs?
Slide 18: Ability to keep up mortgage repayments
07. This will all depend on your ability to keep up the mortgage repayments. If you have protection for unemployment, this may well help, however these policies are not common. In this situation, it is always best to speak with the lender directly, to see if they can help.
Slide 19: Other schemes apart from Help to Buy
08. What ‘other schemes’ apart from Help to Buy are coming up in the next few months?
Slide 20: Deposit Unlock scheme
08. There is a scheme set up called Deposit Unlock, which you can see details of via the HBF website (link below), or most developers’ websites. Aside from this, there are a number of expected schemes to be launched over the coming months. T&C’s apply. Find out more >
Slide 21: Does AIP affect your credit score?
09. Does getting AIP negatively affect your credit score? Can you get more than one AIP?
Slide 22: Advice on AIPs and credit checks
09. For advice on AIPs and credit checks, and to ensure that you choose the right mortgage, we would recommend that you speak with a mortgage broker.
Slide 23: Rent payments as proof of affordability
10. Is there a way for rent payments to be considered for proof of affordability?
Slide 24: Affordability assessments based on income and expenditure
10. Affordability assessments are generally based on your current income and expected expenditure, once the mortgage is in place. Missing rental payments could impact your credit history. Taylor Wimpey is NOT authorised by the Financial Conduct Authority and cannot provide any advice in relation to
Slide 25: Is the interest rate subject to reassessment?
11. Is the interest rate subject to reassessment/revisit at the life of mortgage?
Slide 26: Interest rate terms are reviewable at end
11. Interest rates’ terms can vary and are generally reviewable when they come to an end.
Slide 27: Unused Help to Buy ISA accounts after March
12. After March of next year, what happens to ISA Help to Buy accounts that have not been used?
Slide 28: Help to Buy ISA not affected by deadline
12. A Help to Buy ISA isn’t affected by the deadline for the Help to Buy: Equity Loan scheme and it has its own rules and restrictions, which can be found on the Government website (link below). Find out more >
Slide 29: Options as Equity Loan scheme ends
13. With the Help to Buy: Equity Loan scheme coming to an end, most new builds are not accepting it. What are the other options? Could you elaborate on the Deposit Unlock scheme?
Slide 30: Deposit Unlock scheme
13. There is a scheme set up called Deposit Unlock, which you can see details of via the HBF website (link below), or most developers’ websites. Aside from this, there are a number of expected schemes to be launched over the coming months. T&C’s apply. Find out more >
Slide 31: Do lenders consider certain transactions?
14. Do lenders take into consideration certain transactions? Like takeout food etc?
Slide 32: Lenders assess typical bills and debt repayments
14. Lenders will generally make an affordability assessment on typical grocery bills, utility bills, debt repayment, car finance etc. Taylor Wimpey is NOT authorised by the Financial Conduct Authority and cannot provide any advice in relation to mortgages (including any credit histories). We suggest
Slide 33: First time buyer definition for Help to Buy
15. What constitutes a first time buyer for Help to Buy? E.g., can someone coming out of a joint mortgage be considered?
Slide 34: Both borrowers must be first time buyers
15. Help to Buy criteria states that both borrowers must be first time buyers and not have previously owned a property in the UK or abroad.
Slide 35: Best time to get a mortgage?
16. When is this the best time to get a mortgage? Will interest rates and market prices decrease in the near future? What are the predictions looking like?
Slide 36: No guarantees on future market
16. Unfortunately, there are no guarantees on how the property and mortgage market will be in the future and there will be different opinions from various sources.
Slide 37: Seek advice from a mortgage broker
If you submitted a question and your answer was NOT included, we suggest that you seek the advice of a mortgage broker to discuss your options. Threshold Financial Services Limited provides mortgage advisory services and is an appointed representative of The Openwork Partnership, a trading style of