With this approach, aren't you better off with a personal loan?
Your best bet for large amounts is to re-mortgage, personal loans tend to cap around 25k.
With this approach, aren't you better off with a personal loan?
Your best bet for large amounts is to re-mortgage, personal loans tend to cap around 25k.
Is this a joke?
No it’s cheap money.
Not an option for me I’m a long way from affording a house let alone remortgaging one.
No it’s cheap money.
In classic OcUK unsolicited financial advice, why on earth would you be considering a £60k 911 if you’re a long way from affording a house?! They’re very nice things to have of course, but it might not be a sensible place to invest! I imagine it’d be hard to give up a 911 if you wanted to buy a house in the future.
Also that one doesn’t have paddles so you need to keep looking!
In classic OcUK unsolicited financial advice, why on earth would you be considering a £60k 911 if you’re a long way from affording a house?! They’re very nice things to have of course, but it might not be a sensible place to invest! I imagine it’d be hard to give up a 911 if you wanted to buy a house in the future.
Also that one doesn’t have paddles so you need to keep
I don't want to jump on the bandwagon, but house > car everytime. I'm preparing to build a house (and the 4 car garage and workshop I can't buy anywhere) so I had to park my 911 dream for now. I got a Cayman to lessen the blow and its very good actually, although I probably should've saved the cash
It is. It’s down to the generally mad house price growth, but its mostly people buying not renting. Outside of the cities everyone is rich ex Londoners buying stuff, but people that accidentally became landlords likely bought the houses when they were 40-50k, they’re just worth 8x that now. So to them the yields are fine and they’re getting huge capital gains on the house value should they ever wish to sell.is that in Somerset as per your location? I am very surprised at that figure, 2.6% is incredibly low. It would be low even in central London where high property value (but high potential for growth) produce artificially low yield. In Oxfordshire (and over in Bristol where i also have experience) i expect ~5.5-6% on average. If you really can rent for that, then there is little incentive to ever own anything.
In my quest to find something to replace my car next March I've started looking at 981 Caymans... Am I silly to consider spending 30-35k on what will be a 5-6 year old car next year , or keep on holding out for the Giulia quadrifoglio to fall to circa £35k?