£450k investment

BikingBud

theartfullodger said:

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

They are to be provided an address to send mail, does not mean knowing where you live! 

_Penny_Dreadful

BikingBud said:

theartfullodger said:

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

They are to be provided an address to send mail, does not mean knowing where you live! 

There's the address for the serving of notices and then there's the tenant's request for the landlord's name and actual address under section 1 of the Landlord and Tenant Act 1985. 

GDB2222

ALr66 said:

Hi all,

I have £450k to invest for an income and am not sure whether to purchase a buy to let property or put the money in something like an NS&I Bond.

I'm 52 years old with no pension and I'd like this to provide an income with as little risk as possible.

I have no experience as a landlord and would probably look for a management agency.


What are people thoughts?

Thanks

An NS and I bond does not provide protection against inflation. A very long dated index linked government bond will provide around a 2% over inflation return. You can buy it and just take the inflation linked income, without needing to worry about it for the rest of your life.

 You can probably get a better return if you’re willing to take a higher risk. 

BikingBud

_Penny_Dreadful said:

BikingBud said:

theartfullodger said:

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

They are to be provided an address to send mail, does not mean knowing where you live! 

There's the address for the serving of notices and then there's the tenant's request for the landlord's name and actual address under section 1 of the Landlord and Tenant Act 1985. 

In this Act—

• “address” means a person’s place of abode or place of business or, in the case of a company, its registered office;

  
  

  ??

_Penny_Dreadful

BikingBud said:

_Penny_Dreadful said:

BikingBud said:

theartfullodger said:

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

They are to be provided an address to send mail, does not mean knowing where you live! 

There's the address for the serving of notices and then there's the tenant's request for the landlord's name and actual address under section 1 of the Landlord and Tenant Act 1985. 

In this Act—

• “address” means a person’s place of abode or place of business or, in the case of a company, its registered office;

  
  

  ??

Are you asking a question? 

BikingBud

_Penny_Dreadful said:

BikingBud said:

_Penny_Dreadful said:

BikingBud said:

theartfullodger said:

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

They are to be provided an address to send mail, does not mean knowing where you live! 

There's the address for the serving of notices and then there's the tenant's request for the landlord's name and actual address under section 1 of the Landlord and Tenant Act 1985. 

In this Act—

• “address” means a person’s place of abode or place of business or, in the case of a company, its registered office;

  
  

  ??

Are you asking a question? 

I thought you might wish to either expand upon what you meant by "actual address" as it is not a term used in the Act that you so helpfully quoted. Whereas the definition that I did find tended to support my previous assertion.

So unless of course there is something else I have missed, a landlord is not obliged to inform tenants where they live.