£180k cash to invest- what to do?

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

  • sony
    started a topic £180k cash to invest- what to do?

    £180k cash to invest- what to do?

    I've just been able to buy my own house and have £180k to invest. This is a once in a lifetime opportunity and I don't want to waste it...
    I've gone through so many ideas property-wise, long term lettings/ Airbnb/HMO's and what with new regulations, pitfalls and all other things I'm put off by the whole property thing.

    Is there still money to be made out of property and if so what would be the best way?

    Many thanks!

  • RedHitman
    replied
    Originally posted by Claymore View Post

    What? £12k per year to live off? You might be able to exist on £12k per year, but you wouldn't have much of a life.
    I earn £11,400 a year and live a fabulous life.

    It's not about what you earn; it's about how much you spend.

    Leave a comment:


  • Gordon999
    replied
    The state pension for some is only £126 per week and I am sure they are living a hard life.

    Leave a comment:


  • Claymore
    replied
    Originally posted by Gordon999 View Post
    If your house is all paid up, you could live off £12K per year rental income
    What? £12k per year to live off? You might be able to exist on £12k per year, but you wouldn't have much of a life.

    Leave a comment:


  • Gordon999
    replied
    If your house is all paid up, you could live off £12K per year rental income

    Leave a comment:


  • BROOSE
    replied
    depends what youre looking for, in my part of the world you could buy 2 btl properties that would give you £6k each return in rent, could probably get 2 for £160k so have some cash as an emergency fund

    Leave a comment:


  • loanarranger
    replied
    You should consult an Independent Financial Advisor , he will discuss your attitude to risk ,any specific preferences e.g Property/ Bonds and give you guidance on moving forward.
    If you do not own a property or indeed an investment property, forget HMO’s, MUFB since lenders in the main limit such mortgages to those with a proven history of residential investment.
    At a time of economic uncertainty I wouldn’t be in any rush, the fear regime is now in place not helped by the BoE pronouncements , Willproperty crash, Will the Stock Market fall and what are the implications in a falling sterling rate.
    Only the brave take risks and sometimes they win but more often lose.

    Leave a comment:


  • MisterB
    replied
    new regulations can be made about any investment scheme, so don't worry too much. great advice by leaseholder, diversify,

    are you looking for short or long term returns, as that seems to be key to any investment strategy, and it needs to be a strategy/business plan, not just a few random ideas.

    180k isn't a massive amount but I would even consider using part of it for your enjoyment, buy a caravan, motorhome etc take up fishing, golf or other hobby, buy all your equipment and enjoy the leisure side of living !!

    Leave a comment:


  • leaseholder64
    replied
    Diversify the investment, with only part in property.

    Leave a comment:

Latest Activity

Collapse

  • Legal fees or cashback for remortgaging
    blinko
    Hi guys I'm doing my first ever remortgage I wanted to ask I have 2 products to choose from both are offering me a good rate 5 year fixed 2.1% £1,000 arrangement free with free standard valuation but one product offers free legal fees and the other offers £300 cashback which one do you think I should...
    16-07-2019, 17:18 PM
  • Reply to Legal fees or cashback for remortgaging
    loanarranger
    Much depends on the firm being used by the lender. By and large these firms are “ Conveyancing Factories” and you would be a case number with no guarantee of always speaking with the same case administrator. Much depends on how urgent you are seeking the Remortgage , I would suggest you get a quote...
    16-07-2019, 19:19 PM
  • Type of bank account for Service Charges
    deb_hyp
    Hoping someone can advise. We have a building that's been converted into 5 flats and we have set up a Ltd management company, which is run by all the flat owners. Each owner has a share in the company and we are all directors of the company. We want to setup a new bank account for collecting/holding...
    03-06-2019, 11:03 AM
  • Reply to Type of bank account for Service Charges
    eagle2
    Lloyds advertise a "designated client account" which is more appropriate than their treasurer's account. There should be no transaction charges,...
    12-07-2019, 04:11 AM
  • Reply to Type of bank account for Service Charges
    AndrewDod
    There is much more than the type of account -- It needs to be held in Trust. Is a legal requirement under Section 42

    You need to get the words "trust" and "client" into the name of the account if at all possible, as well as the name of the property, e.g:
    ...
    11-07-2019, 21:09 PM
  • Mortgage Query - Buy To Let
    The_Fitz
    Good Afternoon,

    Myself and my wife are looking to rent out our home that we live in. It is our only property and we are moving to Ireland but will look to return at a future date (maybe 3-5 years) to the property.

    I sent in an application for a CTL a few months ago but it...
    10-07-2019, 12:06 PM
  • Reply to Mortgage Query - Buy To Let
    loanarranger
    I hope indeed that your wishes are granted, unfortunately Barclays have not been consistent in their underwriting assessments resulting in much wailing and gnashing of teeth , and that is me a broker.
    11-07-2019, 16:09 PM
  • Bridging Loan
    beakermoo
    What are the best sort of rates (set up costs and monthly interest rate) I can expect on a bridging loan. This is to pay off a mortgage (avoid a repossession) due to a sale on the property falling through just before exchange. The exit strategy would be selling the property which is being actively marketed...
    09-07-2019, 13:57 PM
  • Reply to Bridging Loan
    beakermoo
    Thank you both for the sound advice. I'm trying to work something out with this.
    11-07-2019, 10:56 AM
  • Reply to Mortgage Query - Buy To Let
    The_Fitz
    Good advice - thank you very much.

    My product finished at the end of September (moves from 2.9% to 3.2%) so I suppose I will wait until then, and put in the request for the CTL with Barclays.

    I'll hold off instructing the letting agent to do anything until then.

    ...
    11-07-2019, 09:13 AM
Working...
X