Danny 10

Registered with Property118.com
Thursday 6th September 2018

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 15

Danny 10

7:19 AM, 1st May 2020
About 6 months ago

Could pensions be taking a heavier toll from Coronavirus than property investment?

Reply to the comment left by Ingrid Bacsa at 30/04/2020 - 09:37
Very well thought out and presented Ingrid, but nevertheless frighteningly true. That's my feelings also. I have just 3 properties now, sold one each year since 2017, doubt that will be the case this year.
I had shifted all the proceeds into very well invested and cautiously managed funds, paying me on average 7-8% pa quarterly. My Fin Ad are very very good, most of the funds that remain invested and weren't transferred into gold in February, have only dropped between 5-7% during this fiasco. But growth in the next 2 years will be very very poor if any at all. With over £100k in gold ETF many held since 2013 I m hoping on good returns there.
I m nearly 60 so not too concerned.... Read More

Danny 10

5:38 AM, 30th April 2020
About 6 months ago

Could pensions be taking a heavier toll from Coronavirus than property investment?

Reply to the comment left by Matarredonda at 29/04/2020 - 22:21
Hi, I have my own thoughts on this, and that is the Government are desperately trying to crush the PRS as we, the landlords are using the property market as our alternative "Pension Fund". Which they can't plunder, or not so easy!!
Then when this has been almost removed there's not much other alternatives than the UK based private pension investments, which they can and do benefit from. Very probably that's why a few years ago they shut the door on the likes of myself, from investing offshore in QROPs.... Read More

Danny 10

15:39 PM, 29th April 2020
About 6 months ago

Could pensions be taking a heavier toll from Coronavirus than property investment?

These seem huge drops. Not mine, mine has fallen by just over 5%. But it's offshore in Gibraltar, and I am able to invest in funds and areas which aren't under scrutiny or mandated by our Government.
Ironically only yesterday I had an Autocall Structured Note mature, repaying in full plus 94% interest for the five year term. But these investment vehicles aren't available to UK based PPF.... Read More

Danny 10

9:09 AM, 25th April 2020
About 6 months ago

End of Tenancy, Tenant's Belongings, Tort Law and "Lockdown"?

Reply to the comment left by david porter at 25/04/2020 - 07:20
Thanks Freda and David for your thoughts and advice.
Sorry BB isn't able to respond, but yes the tenant left, and alls his threats were as empty as the property he vacated. It was indeed once again just all wind and bluster.... Read More

Danny 10

12:37 PM, 11th September 2018
About 2 years ago

What do 'Generation Rent' want?

I am a small scale landlord with 5 properties, mostly flats in areas of the country where there's a lot of students, grads and workers from Overseas/EU. My properties are in the relatively 'low end' price scale, £150-200k.
Often charting with my tenants, I would certainly go as far as saying in my experience there is a very large and real number of people in this sector, (22-35 year olds), who are happy to rent with little or no desire to buy.
Most see ownership as a big responsibility and an unnecessary drag on their lifestyles, time, savings and freedom. Prefering to use their savings for what they feel to be fun, enjoyment, travel and entertainment.
A lot see it at their particular point in life to commit to a property of a certain size or in a certain area, might not be what they want 2,3 or 4 years later. The 'add ons' such as estate agent and legal fees costs are considerable, when you buy and sell equal to a years rent. Also some see all the uncertainty in the housing market with Brexit etc as a distraction from ownership.... Read More