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Drop The Dead Donkey

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One of the benefits of being debt free and keeping your spending under reigns is that you get the attention of some very prestigous banks. About 3 years ago now my then bank Natwest asked if I would like a more self-oriented service through Coutts and Co (The Queens bankers). Well I wasnt about to say no.

I have access to my account manager who cannot do enough for me and just this morning, he said I should liquidise some of the commercial holdings I own around the Uk as commercial property looks set for a rocky ride for a while.

I explained I had good tenants such as HSS (Hire shops) in 4 of the properties and a very large other firm, I think I better not mention in case I can be identified.

In short, I was told to drop (sell) any dead weight. has anybody else experience any advise on a par with this.

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One of the benefits of being debt free and keeping your spending under reigns is that you get the attention of some very prestigous banks. About 3 years ago now my then bank Natwest asked if I would like a more self-oriented service through Coutts and Co (The Queens bankers). Well I wasnt about to say no.

I have access to my account manager who cannot do enough for me and just this morning, he said I should liquidise some of the commercial holdings I own around the Uk as commercial property looks set for a rocky ride for a while.

I explained I had good tenants such as HSS (Hire shops) in 4 of the properties and a very large other firm, I think I better not mention in case I can be identified.

In short, I was told to drop (sell) any dead weight. has anybody else experience any advise on a par with this.

...some account manager...obviously doesn't know his customers.....the basic rule in Banking is "know your cutomer"...this one thinks one solution suits all....but Coutts is now the prestige banking side of RBofS.... :ph34r:

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One of the benefits of being debt free and keeping your spending under reigns is that you get the attention of some very prestigous banks. About 3 years ago now my then bank Natwest asked if I would like a more self-oriented service through Coutts and Co (The Queens bankers). Well I wasnt about to say no.

I have access to my account manager who cannot do enough for me and just this morning, he said I should liquidise some of the commercial holdings I own around the Uk as commercial property looks set for a rocky ride for a while.

I explained I had good tenants such as HSS (Hire shops) in 4 of the properties and a very large other firm, I think I better not mention in case I can be identified.

In short, I was told to drop (sell) any dead weight. has anybody else experience any advise on a par with this.

HSBC PB started telling me to get out of commercial property towards the end of last year - I hung on until the end march this year and then dumped the lot (all in funds rather than individual properties). Having said that, I generally don't listen to them when they give investment advice - xcept in very specialist areas - since they're usually wrong :(

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One of the benefits of being debt free and keeping your spending under reigns is that you get the attention of some very prestigous banks. About 3 years ago now my then bank Natwest asked if I would like a more self-oriented service through Coutts and Co (The Queens bankers). Well I wasnt about to say no.

I have access to my account manager who cannot do enough for me and just this morning, he said I should liquidise some of the commercial holdings I own around the Uk as commercial property looks set for a rocky ride for a while.

I explained I had good tenants such as HSS (Hire shops) in 4 of the properties and a very large other firm, I think I better not mention in case I can be identified.

In short, I was told to drop (sell) any dead weight. has anybody else experience any advise on a par with this.

Too late. Yields moving out already.

BTW since when are HSS a "good tenant"?!

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One of the benefits of being debt free and keeping your spending under reigns is that you get the attention of some very prestigous banks. About 3 years ago now my then bank Natwest asked if I would like a more self-oriented service through Coutts and Co (The Queens bankers). Well I wasnt about to say no.

I have access to my account manager who cannot do enough for me and just this morning, he said I should liquidise some of the commercial holdings I own around the Uk as commercial property looks set for a rocky ride for a while.

I explained I had good tenants such as HSS (Hire shops) in 4 of the properties and a very large other firm, I think I better not mention in case I can be identified.

In short, I was told to drop (sell) any dead weight. has anybody else experience any advise on a par with this.

Wierdly in another thread about RBS

"BS to offload £800m property portfolio

The bank enlists a commercial property consultant to market 60 buildings, including the Coutts building in London

By Jenny Davey, Deputy City Editor, The Sunday Times

Royal Bank of Scotland is plotting to sell off £800 million of property, including the landmark Coutts building on London's Strand, in a sale and leaseback deal"

Says it all, this is why i'm keeping my shares in the banks, the evil c**nts look after their own.

Edited by slurms mackenzie

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