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House Price Crash Forum


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About Boughtin95

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  1. House owned outright, so 0% on rent/mortgage. Approx 6% of post tax income goes on Council Tax.
  2. I think allowing Turkey into the EU would be a serious mistake. Turkey is not part of Europe. It's an Islamist state which is currently stamping down on free speech and democracy, it does not currently meet the criteria for joining the EU. There are suspicions that Turkey has been purchasing oil from ISIS therefore funding a terrorist organisation it is supposed to be fighting. Although Turkey is member of NATO, it would not surprise me if they were in Putin's pocket and actively working to undermine NATO. Perhaps another reason why the UK should leave the EU?
  3. Funniest post I've read in ages, thanks for making me laugh. Excellent!
  4. The sooner rates rise, the better as far as I'm concerned. No mortgage, no rent but a fairly substantial amount in liquid assets that could be earning more interest than it is. Let's get back to some sort of normality where interest rates are concerned.
  5. I gave up work 13 months ago at age 57. The decision to do so was difficult because I believed that I really liked my job and it provided a good income, in addition I spent virtually all my time working or thinking about work. I was concerned that I wouldn't know how to fill my time and would hate being retired, how wrong I was. 13 months into retirement, my days fly past, the main factor interfering in my plans can be the weather though, I'm healthier, fitter and have resumed weight and fitness training, my alcohol intake has dramatically reduced. Our income reduced to a third of what it was while we worked however, we still have more than enough to live well and continue to add to our savings. If you're in a position to retire from work and to enjoy the time left to you, I'd thoroughly recommend it.
  6. According to the BBC website: Santander - the biggest gainer last year of customers switching current accounts - has confirmed that it is to increase charges on one of its most popular accounts. From 11 January, it will charge £5 a month, instead of £2 a month, for its 123 current account. The announcement comes just a few weeks ahead of the initial findings from the competition authorities on the current account market in the UK. Aren't the banks making enough profit yet?
  7. Your posts are usually interesting and appear to be thought through, the broad brush statement above makes you sound like a nob.
  8. Sorry to hear that you lost your job. It sounds like you're making the most of your new found freedom though, I hope all goes well for you and that your life continues to be stress free.
  9. I couldn't agree more. My wife and I chose to retire this year, I realised that we were working our lives away simply to save a bit more money each month and to pay tax. Our lifestyle hasn't changed other than no work related concerns, better sleep patterns and more time spent doing what we want to do. Debt and worry free is definitely the way to go!
  10. Thanks for taking the time to reply and for the information. I'm investigating how best to invest savings for return however, I'm very risk averse. I'll look into VCT's and try to identify if they're something I could be interested in. Thanks again.
  11. I'd be seriously interested in hearing what you've invested in and how you've gone about it. How high is the risk in these investments? Thanks for any information you're able to provide.
  12. Excellent and concise response, thank you. It also explains why final salary pension schemes are disappearing, I presume they would have to work to the same principle to pay the same amount. How long before companies providing such pensions decide to renege on their commitments?
  13. Ah, got you. I misunderstood where you were coming from. I think you'd need a lot more than £700k worth of BTL to bring in £25k clear though and you'd be mad to sink all of your funds into an illiquid asset bought in a bubble. I'm still stunned at how much it would cost to buy a £25k pension though.
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