Property investment advice - is this small change in grand scheme of things?

MaxiRobriguez

KISS.

Use the money saved on remortgage payments (by not remortgaging to access equity) and put that money into private pension and get the tax relief and access to significantly better investment opportunities than what you're planning.

grumiofoundation

Newlyboughthouse said:

grumiofoundation said:

Newlyboughthouse said:

bowlhead99 said:

Newlyboughthouse said:

 I'd be interested to know where you got your info about the high failure rate of bonds - property investment gurus (impartial) have spoken quite positively about them.

I'd be interested to know where you found 'property investment gurus' whom you considered to be impartial on the relative merits of property-backed bonds vs conventional investments.

https://play.acast.com/s/thepropertypodcast/b5ac37dc-0add-49d6-b53f-ac7700c4e226

Where do you get the idea that they are impartial?

They are 400 podcasts in before discussing property funds. The Property Podcast (from Property Hub/Property Geek) is one of the most utilised property investment education resources out there!
Just because you haven't heard of something before, doesn't mean it doesn't exist. I'm interested to see where poster above got the failure rates.

Yes that was my point, since they operate a company offering to build you a property investment portfolio on property investments I personally think is fair enough to question their impartially...

doe808

Newlyboughthouse said:

My plan with the remortgage funds are to part put into property bonds, part buy a flip property, part buy a holiday home.

  Have you considered the SDLT/LBTT tax implications of doing this? Seems that your going to be paying a fair whack of extra tax with this plan.

 

Newlyboughthouse

doe808 said:

Newlyboughthouse said:

My plan with the remortgage funds are to part put into property bonds, part buy a flip property, part buy a holiday home.

  Have you considered the SDLT/LBTT tax implications of doing this? Seems that your going to be paying a fair whack of extra tax with this plan.

 

Of course. I have had a tax appointment already, and another coming up. Very complex but there are things that can be done.

Alexland

Newlyboughthouse said:

the idea is having a passive income offset by a much better interest rate

Whenever anyone uses the phrase 'passive income' it rings alarm bells as that's common language used in dodgy sales techniques and associated marketing material. If you have only recently arranged this mortgage why the sudden desire to move into high risk? Is someone trying to get you to buy into their property investment scheme?

Newlyboughthouse

If I could grab a non-snidey/snotty response that actually answers my original question (i.e. would you absorb the penalty as small change) that'd be great. I am working on plans to make the released funds work as hard as they can for me. It may be BTL. Just assume I'm going to invest wisely that'd help me loads - thanks.

Newlyboughthouse

grumiofoundation said:

Newlyboughthouse said:

grumiofoundation said:

Newlyboughthouse said:

bowlhead99 said:

Newlyboughthouse said:

 I'd be interested to know where you got your info about the high failure rate of bonds - property investment gurus (impartial) have spoken quite positively about them.

I'd be interested to know where you found 'property investment gurus' whom you considered to be impartial on the relative merits of property-backed bonds vs conventional investments.

https://play.acast.com/s/thepropertypodcast/b5ac37dc-0add-49d6-b53f-ac7700c4e226

Where do you get the idea that they are impartial?

They are 400 podcasts in before discussing property funds. The Property Podcast (from Property Hub/Property Geek) is one of the most utilised property investment education resources out there!
Just because you haven't heard of something before, doesn't mean it doesn't exist. I'm interested to see where poster above got the failure rates.

Yes that was my point, since they operate a company offering to build you a property investment portfolio on property investments I personally think is fair enough to question their impartially...

Yeah they're not though.

Newlyboughthouse

Alexland said:

Newlyboughthouse said:

the idea is having a passive income offset by a much better interest rate

Whenever anyone uses the phrase 'passive income' it rings alarm bells as that's common language used in dodgy sales techniques and associated marketing material. If you have only recently arranged this mortgage why the sudden desire to move into high risk? Is someone trying to get you to buy into their property investment scheme?

No. My friend sent me a link to a holiday home and a switch flicked in my brain. Have you never been suddenly inspired by something that sent you into a research frenzy?

Alexland

Newlyboughthouse said:

Have you never been suddenly inspired by something that sent you into a research frenzy?

Sure but this is your home you are risking. Maybe better to wait 2 years for the fix to expire and reconsider then? It would have to be an extremely good investment opportunity to be worth paying an early repayment charge. If it's that good and certain you might wonder if it's too good to be true. Big decisions need lots of consideration.

Newlyboughthouse

Alexland said:

Newlyboughthouse said:

Have you never been suddenly inspired by something that sent you into a research frenzy?

Sure but this is your home you are risking. Maybe better to wait 2 years for the fix to expire and reconsider then? It would have to be an extremely good investment opportunity to be worth paying an early repayment charge. If it's that good and certain you might wonder if it's too good to be true. Big decisions need lots of consideration.

I've actually not long got off a call with my bank and they cocked up my initial further borrowing calculation and can actually lend significantly more than the initial figure quoted, so now the penalty doesn't come into play.
Very interesting to see people's views on different investments though.
It's a minefield out there!
Thanks all.