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Savings and Investments thread
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For both my grand parents and my parents estates I never had any issues with the PB's.0
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No disputes in my Mum's case too. However I definitely do recall that at least one entity (and maybe it was NS&!) that we were dealing with demanded to see the original of the will. I thought that was unacceptable and even more so by the day as the Post Office becomes less reliable while digital solutions for such matters become more the norm in other countries. NS&I is definitely an organisation with "quirks" in its relationship with customers although on the phone at least they are better than average, in my experience.Rob7Lee said:For both my grand parents and my parents estates I never had any issues with the PB's.
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Yes, I think they did want an original, which was why after the first estate I actioned I now always get about 15 death certificates.PragueAddick said:
No disputes in my Mum's case too. However I definitely do recall that at least one entity (and maybe it was NS&!) that we were dealing with demanded to see the original of the will. I thought that was unacceptable and even more so by the day as the Post Office becomes less reliable while digital solutions for such matters become more the norm in other countries. NS&I is definitely an organisation with "quirks" in its relationship with customers although on the phone at least they are better than average, in my experience.Rob7Lee said:For both my grand parents and my parents estates I never had any issues with the PB's.0 -
The $64,000 question - have the markets hit bottom yet or is there further to go?Thoughts?0
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You might have missed the bottom as markets are back on the rise. UK up the last 2 days & this afternoon Trump made an announcement that the war was almost done & the Straits of Humez would soon be back open again. That news sent the US markets soaring & the S&P509 is currently up 2.75%.bobmunro said:The $64,000 question - have the markets hit bottom yet or is there further to go?Thoughts?
Never try to time the markets & keep fully invested at all times.
But to answer your question......no-one knows. Trump only needs to open his mouth, say the wrong thing & the markets fall again.
If was a betting man (and I'm not) I'd say the worst is over and things can only get better. But that's not taking into account Netanyahu, the Iranians or the Huthi's.2 -
Would be nice if it hit rock bottom around April 6th! My isa has gone up 2% this morning.0
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It's really annoying. I have some cash in a general investment account and want to take it out to move it into the ISA wrapper for the start of the next tax year (using some of the capital gains tax allowances I have this year).Friend Or Defoe said:Would be nice if it hit rock bottom around April 6th! My isa has gone up 2% this morning.
I'm too nervous to miss any time in the market at the moment with the swings being so big!0 -
Anyone have experience with REITs? I've put a few hundred quid into one in the US (Orchid Island Capital), and it's dividend yield (paid monthly) is around 20% which I find very compelling. There are a couple of tax issues to take into account but I'm considering putting a fair chunk of next year's ISA allowance into it.0
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Huskaris said:
It's really annoying. I have some cash in a general investment account and want to take it out to move it into the ISA wrapper for the start of the next tax year (using some of the capital gains tax allowances I have this year).Friend Or Defoe said:Would be nice if it hit rock bottom around April 6th! My isa has gone up 2% this morning.
I'm too nervous to miss any time in the market at the moment with the swings being so big!I wish I'd missed March!Feb was easily my best month ever but March was almost twice as bad in the opposite direction. Glad April is off to a strong start!
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Pension back to an all time high, just waiting for the US to open……1
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Mines still about 5% down on Febs high. But then checking the fund prices a lot of funds are still showing prices as at 31st March, so wont be including any of yesterdays increases & certainly not Japan's 5% from last nigh.Rob7Lee said:Pension back to an all time high, just waiting for the US to open……
Even though I've worked in the industry for almost 40 years I still cant understand the pricing structure of some funds. Used to know where you were with bid/offer spreads & historic pricing but now every fund is solo /forward priced I have no idea what the underlying assets true values are.
So expect any values you do have are at least a day behind.....maybe even 2.1 -
I'd avoid anything with a yield that high. Madness.Huskaris said:Anyone have experience with REITs? I've put a few hundred quid into one in the US (Orchid Island Capital), and it's dividend yield (paid monthly) is around 20% which I find very compelling. There are a couple of tax issues to take into account but I'm considering putting a fair chunk of next year's ISA allowance into it.1 -
I’m fairly sure all my ETF’s are live pricing, seem to change every few minutes!!golfaddick said:
Mines still about 5% down on Febs high. But then checking the fund prices a lot of funds are still showing prices as at 31st March, so wont be including any of yesterdays increases & certainly not Japan's 5% from last nigh.Rob7Lee said:Pension back to an all time high, just waiting for the US to open……
Even though I've worked in the industry for almost 40 years I still cant understand the pricing structure of some funds. Used to know where you were with bid/offer spreads & historic pricing but now every fund is solo /forward priced I have no idea what the underlying assets true values are.
So expect any values you do have are at least a day behind.....maybe even 2.
I put an amount back in during the dips of recent weeks which is why I’m up.0 -
PB £100 max0
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Sweet FA for me this month.0
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£375 (7 prizes) for me on max, nowt for Mrs R7L on max, daughter £25 on about half.0
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Naff all on £22k.
Very poor year so far0 -
200 this month.1
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PBS 2x£25 and 1x£50 on max. 3.8% tax free return in FY.0
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£300 on 2xmax0
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We are currently looking at a new build in our local area, its priced at 375k plus fittings. The house next door is exactly the same, but available on the shared ownership scheme. They've valued it at 335k including fittings, is this normal ? I presumed the affordable housing system benefitted the buyer by owning a % to get on the ladder, rather than being a actual lower ticket price too.0
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shine166 said:We are currently looking at a new build in our local area, its priced at 375k plus fittings. The house next door is exactly the same, but available on the shared ownership scheme. They've valued it at 335k including fittings, is this normal ? I presumed the affordable housing system benefitted the buyer by owning a % to get on the ladder, rather than being a actual lower ticket price too.I'm not sure in terms of your question - but I had assumed like you that the full value for identical houses should be the same, it's just the shared ownership that's different. There might be a discount based on the lower level of asset value.If they truly are identical and the positioning, size of plot, and so on are roughly equal then it's worth asking the question of the developer. Also, if you can ladder up the share of the second house to 100% over time then it might be worth going for that if you are eligible.1
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£150 on max, my first wins in three months!0
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Sorry, no luck this time0
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The developer is telling me that it will cost the Shared ownership person more when they ladder up, due to 'market value' but the shared ownership person is telling me they've had a independent valuer, value the property and they should be the same.bobmunro said:shine166 said:We are currently looking at a new build in our local area, its priced at 375k plus fittings. The house next door is exactly the same, but available on the shared ownership scheme. They've valued it at 335k including fittings, is this normal ? I presumed the affordable housing system benefitted the buyer by owning a % to get on the ladder, rather than being a actual lower ticket price too.I'm not sure in terms of your question - but I had assumed like you that the full value for identical houses should be the same, it's just the shared ownership that's different. There might be a discount based on the lower level of asset value.If they truly are identical and the positioning, size of plot, and so on are roughly equal then it's worth asking the question of the developer. Also, if you can ladder up the share of the second house to 100% over time then it might be worth going for that if you are eligible.
You do get a 5% deposit contribution from the developer, making it 351k, but youve then got to spend another 12k bare minumum on the white goods, flooring, turf etc. So still gonna be 30k more expensive.0 -
Shared ownership can be a minefield
It will be worth the shirt term expense of having a hourly rate solicitor read the small print as, like @bobmunro says you will be better off owning as bigger percentage as possible with the goal of full ownership in time and some SO providers are notorious for making that difficult.
The prices may well be different as one is now owned by the developer and one by the SO operator so they can charge what they want also they have residual income from the rent percentage as well1 -
From the stories I hear I wouldn't touch Shared Ownership, even if the price of the other house is higher.
Although I'm been a mortgage broker for over 35 years I have never "sold" a SO mortgage. Maybe because my clients could always afford the "full" mortgage, but when I have looked into them for potential clients there seems to be too many drawbacks. The Service Charges seem to go up more than inflation & your you don't "ladder up" to the full 100% you can only sell to another SO buyer.2 -
Yeah we've got no plans to go the SO route, was just concerned the outright buys were over priced, which they kinda do tend to be as you're paying for the pleasure of walking into a new property.0
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If you are happy with the price of the property you want don’t worry what someone else pays / doesn’t pay. A home first. Investment second.shine166 said:Yeah we've got no plans to go the SO route, was just concerned the outright buys were over priced, which they kinda do tend to be as you're paying for the pleasure of walking into a new property.3 -
I will say to counter or add balance to what golfy says. They are a legitimate way for people to break the rent cycle and get in a property they own (a percentage of). There isn't a shortage of people wishing to pursue this route which does negate only being able to sell to another SO buyer and that ensures these places don't vanish from the market creating or exasperating the current problem. The more wild West stuff is the surcharges and they were enough to put me off 20 plus years ago. Some housing providers are excellent and pretty fair, some less so. It is worth really understanding what you get and what you don't (warranties on new builds, especially the gardens being a prime example)0
