Enormous thanks and gratitude to Loanarranger.

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Enormous thanks and gratitude to Loanarranger.

    Many many thanks for Loanarranger for his invaluable assistance and sharing of knowledge. His vast knowledge and help has empowered me and given me the confidence to explore things in a direction which quite frankly scared me. It is so refreshing to find people in the world still willing and happy to help simply because they are able. I am incredibly thankful for your time and patience. I am now taking what I have learned and running with it!. Best wishes to you, Loanarranger. Many thanks, PollyW

    #2
    Hi PollyW
    Your comments are very much appreciated and as mentioned I am always available to offer any advice or help going forward, I am only sorry that the appalling service of your personal banker required you to make such a post and one which saddened me at such service from a bank.

    Very best wishes in moving forward with your plans.

    loanarranger

    Comment


      #3
      Can I also add my thanks to the couple of times we have spoken. Loanarranger is a true gentleman with great knowledge in his specific field and has offered me advice a couple of time (free of charge). Next time you are up North please let me know and I will take you out for lunch, on me!

      Comment


        #4
        hech123
        Thank you so much for your generous comments; I enjoy participating in the various Forum Topics , at my stage in life I consider it to be payback time as clearly there are many individuals who genuinely have queries that need commenting on without feeling that there is a sub agenda by the respondee to be touting for business, I concede that on a small number of instances I have been fortunate to be asked to act on behalf of a poster which in itself is a bonus but in the majority of my posts I like to feel that I have been able to offer over 50 years of being a lender including 11 years as a broker and providing a balanced view from a lenders perspective and a view from being a broker.

        Thank you again for your comments greatly appreciated.

        Comment

        Latest Activity

        Collapse

        • Overpay which mortgage?
          Peter42
          Hi All. We have a BTL interest only mortgage @ 3.88% on rental
          We also have a interest only mortgage on our residental house @ 2.05%
          If miraculously we have money to overpay , which should we choose?
          I thought 3.88% as higher interest , wife says 2.05% as its our residence and leave...
          23-05-2019, 14:27 PM
        • Reply to Overpay which mortgage?
          JK0
          CGT is charged on what you get for a house versus what you paid for it. Whether you have a mortgage to pay off or not is immaterial.
          23-05-2019, 16:12 PM
        • Reply to Overpay which mortgage?
          Peter42
          Ok thanks. We thought overpaying on the rental increases the profit ie more CGT
          23-05-2019, 15:26 PM
        • Reply to Overpay which mortgage?
          JK0
          I don't think your mortgage has any bearing on CGT.

          Even taking 40% tax relief off 3.88% is more than 2.05%, so I'd say the BTL is the one to overpay.
          23-05-2019, 14:33 PM
        • Workplace Pensions
          mojo_scotland
          Going off on a slight tangent here.

          My workplace auto-enrolment pension now has me contributing £150 per month. My employer matches this.

          My statement reads, in today’s money...

          At 65 years old (I’m 36 now) I may receive.

          11k tax free. ...
          21-05-2019, 09:07 AM
        • Reply to Workplace Pensions
          leaseholder64
          The ones I've always seem assume no further contribution, but the OP seemed to suggest that the scheme has only just started, and, given the figures used for these estimates have gone down a lot from when I was first in a money purchase scheme, I think a £44k pension pot in present day terms couldn't...
          22-05-2019, 10:36 AM
        • Reply to Workplace Pensions
          Welshie
          I believe your pension statement is based on a calculation of what your pension fund is worth today and inferring no further contributions made. So if you stopped paying in to your pension fund, this is what your fund could potentially be worth at 65.

          Each year you contribute more, this...
          22-05-2019, 09:50 AM
        • Reply to Workplace Pensions
          alice123
          its not as bad as mine your better off than me -
          my workplace pension 53pence a month and im 6 years off retirement i think ill get about 50 pound a year so im going to have to work beyond retirement doing on line work and stuff like leaflet distribution but id be happy with the 11,000 a year...
          21-05-2019, 14:50 PM
        • Reply to Workplace Pensions
          jpkeates
          I'm a little bothered by the low figures.

          If the "tax free" amount is meant to reflect the position of today (ie. you can take out 25% tax free), it would mean your pension fund would be £44k when you are 65.
          Which means that the fund must have lost more than half its value...
          21-05-2019, 14:24 PM
        • Reply to Workplace Pensions
          OneSmallStep
          Hi,

          The monthly return does appear 'low'. However, I put as much into my pension as possible each year to bring my income into a lower tax bracket.

          Think about how much it is actually costing you.

          For £300 contribution each month it is only costing you £120 (assume...
          21-05-2019, 14:08 PM
        Working...
        X