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House Price Crash Forum


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Posts posted by rettah

  1. Surprised no one has picked up on this.

    Restriction in Interest Relief Rented Residential Property

    The level at which interest re-payments can be claimed against tax for residential rental properties is being reduced from the existing 100% to 75%. This measure will apply to both new and existing mortgages. Commercial properties are not affected.


    Hopefully our gov will do similar on April 22nd.

  2. Just to seek reinforcement of a point by way of a question.

    If your sole intention is to make provision for a pension, surely (with its attendant tax advantages) a SIPP is far preferable to an ISA?

    I get the impression that, for pension provision, there is a school of thought that the two schemes have equal merit.



    To clarify, my personal position is this:

    I have a final salary pension and the SIPP is for AVCs. I paid into this for the initial tax benefit but have now stopped paying and am looking at capital growth. The capital growth is tax free.

    I have seperate share and ISA accounts and I adopt different views for each type of investment:

    Ordinary share account - Risky investments, ISA - Low risk, SIPP - a combination of low risk, and high risk/high growth stocks.

    I also have a similar amount held in cash and property (my home)

    I think it's all about spreading risk.

  3. I have a SIPP with Hargreaves Lansdown who I find easier to trade with than Barclays, who I also have a share dealing account with (not SIPP). I transferred my AVC fund last year. I much prefer making the investment decisions myself rather than paying some clueless city type to do it for me. You can invest in funds as well if you like which should be lower risk but also lower returns. As a higher rate tax payer looking largely for capital gain in the value of shares I would be crazy not to have a SIPP. (Also have fully invested ISA)

  4. Looks cheap on the surface until you see the arrangement fee.......which is the same as the interest! so the total cost is 7% and not the 3.49% headline. How are these people still allowed to get away with this. I guess there'll always be enough fools falling for this and adding the fee on the mortgage which I guess is what they want you to do.......

  5. Most of these houses are well constructed and make UK properties look like crap

    Not true. Most US houses are timber frame crap and most UK houses are solid bricks and mortar. (US has lots of timber we have lots of clay). I would never buy a timber frame house as I would be concerned about robustness, noise, temperature control (no thermal mass) and how long it would last. As for cost, housing in the UK is probably somewhere from £50 sqft upwards. I'm a structural Engineer by the way.

  6. This must be a Zavvi specific issue as I was in HMV Brent Cross yesterday and the queue for the checkout was the length of the shop and more with 6 tills working at full pace. The car parks weren't full but there was a constant stream of people coming in at 1:00. Lots of the stores semed to be very busy.

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