FIRE Girls Pension Diary - Aim High & Dream Big

michaels

https://forums.moneysavingexpert.com/discussion/comment/82076290#Comment_82076290

Rental propertie stend to have more people per household than owner occupied so actually moving a house from rental to oo tends to worsen the housing crisis.

Many people at different stages of their life chose to rent rather than buy, perhaps they move around for their job, have just graduated and don't want to put down roots in one place yet, the property is not actually that attractive for long term occupation (busy road, on a train track). Claiming all rental properties deny a chance at ownership sounds like ideologically driven nonsense.

HUSKYPAL

I applaud your sentiment, but as others have said, BTL can become a total pain. If you want an alternative, you could continue to invest the money you would have tied up in a BTL and instead make an allowance for gains that you can give directly to a reputable charity (e.g. homeless charity). The money would be used well and you won't have the problems of managing it. Just a thought.

Firegirl

Well the ball is rolling now and I’m just gonna have to see where it takes me. As I say nothing ventured, nothing gained.

I do take on board all your comments and every single one of them are valid and I have given careful consideration. Risk analysis and mitigation complete. 😆

Funny when I told my husband, he said one line. ‘Go for it cause you’ve been thinking about it long enough and you’re well capable.’ Literally that was it😆

I’ll have a think how to adjust my figures for tracking at a later date.

Firegirl

Let’s run the numbers:

Pension 1-£310,000 (No more to be added)
Pension 2-£75,000 (No more to be added)
Pension 3-£63,000 (Current work pension)
ISA-£73,000
Money Owed - £10,000

Total ISA and Pension £531,000

(Equity in BTL Property will be £42,500)

So the ISA has taken a hit but overall if I go back to my first post I’m still well ahead of target for age 47. ( Age 49 Target- 2028 - £540,015)

I actually keep going back and forward thinking I’ve got numbers wrong because my TYE total figure for 2026 was £533,500.

Cant quite believe that! Gotta double check later when I’ve woken up properly 😆