Vince Green Posted August 20, 2021 Report Share Posted August 20, 2021 1 minute ago, mel b3 said: I've seen jaywick on the telly box . I reckon the houses were worth 50k when they were new , but they're worth about 10k now , and nobody in jaywick ever paid the rent 😅. A lot of the places in Jaywick wouldn't be mortgagable probably Quote Link to comment Share on other sites More sharing options...
treetree Posted August 20, 2021 Report Share Posted August 20, 2021 4 hours ago, Vince Green said: There is a massive difference between cryptocurrency and digital currency Yep, one is the future, and the other is Governments attempts to keep control of the monetary system so that it always serves their purposes first. Quote Link to comment Share on other sites More sharing options...
mgsontour Posted August 21, 2021 Report Share Posted August 21, 2021 On 19/08/2021 at 22:53, Bigbob said: Say 60 years old retirement lump sum and plan to live off of 2 pensions till old age pension kicks in , taking bigger lump sum and smaller pension as anything above £12.500 you would pay tax again and no mortage so pension should do it . got free bus pass as well so car could go LOL Think you should cut your expectations unless you have health problems because I don't think it's enough once you deduct inflation; please don't shoot the postman Quote Link to comment Share on other sites More sharing options...
henry d Posted August 21, 2021 Report Share Posted August 21, 2021 On 19/08/2021 at 15:55, Bigbob said: If you had £75.000 to invest what would you do with it . Im being aimed towards long term investment 5 years mimium then they suggested premium bonds my mate invested £50.000 and won £775 in a year even the banks dont pay that much and you still got the value of the bonds . Last time i invested money was 30 years ago and tied it up in the footsie 100 it did okay but now the intrest rates are rock bottom Bigger house? Five years time sell, move into smaller property pocket cash Quote Link to comment Share on other sites More sharing options...
Mungler Posted August 21, 2021 Report Share Posted August 21, 2021 22 hours ago, Vince Green said: A lot of the places in Jaywick wouldn't be mortgagable probably Realistically for a £50k investment property you should be buying without a mortgage and looking for a DHSS let / guaranteed rent scheme. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted August 21, 2021 Report Share Posted August 21, 2021 Just now, Mungler said: Realistically for a £50k investment property you should be buying without a mortgage and looking for a DHSS let / guaranteed rent scheme. That really is the dross end of the business. Like trying to swim up a waterfall. I would rather put my money into Hargreaves Lansdown and get 30% + without having to get out of bed. (And not getting taxed on it until I take it out) People are getting out of BTL in droves at the moment. Just putting my flat in London on the market Quote Link to comment Share on other sites More sharing options...
Mungler Posted August 21, 2021 Report Share Posted August 21, 2021 4 hours ago, Vince Green said: That really is the dross end of the business. Like trying to swim up a waterfall. I would rather put my money into Hargreaves Lansdown and get 30% + without having to get out of bed. (And not getting taxed on it until I take it out) People are getting out of BTL in droves at the moment. Just putting my flat in London on the market My experiences are quite the reverse 😆 Quote Link to comment Share on other sites More sharing options...
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