Queen Victoria

Registered with Property118.com
Saturday 26th April 2014

Location
Cheshire

Trading Status
Joint

Providing essential rental accommodation since
1999

Number of rental properties owned
0 - 5

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 14

Queen Victoria

12:05 PM, 11th August 2019
About 2 weeks ago

Should I sell or take a Lifetime BTL mortgage ?

Reply to the comment left by Mark Alexander at 11/08/2019 - 10:31
I agree that the debate is helpful and then individual decisions come down to weighing your own circumstances against the options.

For me, I have invested actively both in property and in the stock market (via my pension) over the past 25 odd years. In terms of property, at one time I had a local portfolio of 10-12 properties alongside a similar number of small off-plan apartments in Czech and Poland.

I decided around 10 years ago to gradually liquidate the properly portfolio using CGT allowances and moving any cash that resulted into pension, again using allowances but this time annual contribution rates. It’s been a slow, gradual and well planned process but it has worked well.

We, because my wife and I are joint owners, now have just three properties; the highest yielding ones (student HMOs) and a fairly healthy pension and ISA pot in policies in each of our names. The non-property assets are invested mostly in low cost Vanguard global multi-asset trackers which are trouble free and actually yield more that the properties we used to own - it remains to be seen how they compare over the longer term for growth. The three properties earn very well and provide the core of our retirement income with income in the pensions and ISAs is mostly reinvested. The balance of assets and wrappers gives us the ability to draw income in a tax efficient way as does that fact that assets are jointly held (property) and in one or other name (pension/ ISA).

I really don’t think it is sensible to think of it as either (property) or (shares and other assets) but more, as Mark says, what suits your own circumstances. For me, it suits me to move from active property owning/managing to a more passive share holding as I get older (age 60 now) and plan my life in retirement. Each to his/her own though.... Read More

Queen Victoria

19:26 PM, 6th August 2019
About 3 weeks ago

Should I sell or take a Lifetime BTL mortgage ?

Reply to the comment left by Joanne Andrew at 06/08/2019 - 18:49
The only way you lose capital in the stock market is if you sell when the prices are down. The Warren Buffet way is best; buy, buy the whole market not individual shares, keep buying regularly and then just leave them alone. Over the long term the price rises (it always has and probably always will) despite the ups and downs in between. If you are saving up for your old age it works a treat. But, as you say Joanne if it gives you sleepless nights then don't do it. Having some rental property and some stocks in a pension has served me well over the past 20 years as I have been trying to accumulate but as I edge into my 60's and enter the decumulation phase (which is where the questioner is I think) the property option becomes less attractive as the hands-off stock option much more palletable.... Read More

Queen Victoria

20:10 PM, 4th August 2019
About 3 weeks ago

Should I sell or take a Lifetime BTL mortgage ?

Reply to the comment left by Mark Alexander at 04/08/2019 - 11:35Each to his/her own Mark but I have changed my spots and you can too if/when the time comes. In terms of brokers and wrappers, yes there are expensive 'managed' options but there is a strong argument for keeping it simple with a fee based plaform such as Interactive Investor (ii) or AJBell and then hold assets in a SIPP and/or ISA. I pay ii £11.99/month I think and then the only other fee is the fund fee itself and the cheapies like Vanguard are priced at around 0.2%pa. Its cheap because it just does the simple job of buying and holding the whole market rather than trying to beat it with expensive management.... Read More

Queen Victoria

9:48 AM, 4th August 2019
About 3 weeks ago

Should I sell or take a Lifetime BTL mortgage ?

Reply to the comment left by Mark Alexander at 04/08/2019 - 07:56
It has taken me a little while to be comfortable with it but I am happy with the way the stock market works now. If you look at the way it works there are peaks and troughs in the market but the general trajectory is upwards. So, if you just sit tight, ignore any fall in stock prices and wait for the recovery, then it all works out well over the long term. The trick is to be well diversified. Years ago that meant buying lots of different shares. Nowadays though, you just buy funds. You really just need one fund that is buys the world market and you have natural diversification. It is even (mostly) Brexit proof because it is largely invested in the US and other markets around the world. Listen to Pete Matthew on his Meaningful Money podcasts - there is good back catalogue to cover all investing questions.... Read More

Queen Victoria

7:40 AM, 4th August 2019
About 3 weeks ago

Should I sell or take a Lifetime BTL mortgage ?

Reply to the comment left by Mark Alexander at 04/08/2019 - 06:30
And I have done the same as you over the years but as I move into retirement I prefer that is more 'hands off'. A passive global multi-asset fund held in a SIPP and ISA could not be easier to run. The lady asking the question says she is 65, busy caring for her elderly mother and letting out her main home at the other end of the country rather than being an active property investor. It strikes me that 'hand off' investment might suit her well. Of course, if she can gradually use up ISA and pension allowances she can shelter from tax too.... Read More