Was always bound to close. Mostly empty and not competitive pricing.
Will it be replace for another retailer?
Approaching £470k in savings but I don't have a house and think it's time to consider buying. Money is from mix of cash ISA, LISA and investments.
Idea I had in mind
* House price (3 bed new build) - £569k
* Deposit - £344k (40 LTV)
* Left over- £132k
Others details
* Single early 30s (No dependents) like to retire around age 55
* £65k pension
My idea is to dump £100k left over into investments. Remaining 32k would be used towards furnishing and a car and whatever is left could be emergency fund.
I currently pay £1200 in rent and mortgage would be a tad more at around £1276, that's a bit annoying. Thoughts?
I plugged in some numbers to HL calculator. If I lump sum the 100k to Investments and put 1500 each month with 6% return then I'd have £1,304,182 in 20 years (pension included here)
Is my plan sensible? Should I reduce amount of deposit and increase lump sum?
> Rachel Reeves is considering imposing a one-year rent freeze on private sector homes amid growing alarm in government about the impact of the Iran war on voters’ budgets.
> Landlords in England would be banned from raising rents for a limited period of time under the proposals, which are being debated within government as part of a major cost of living package to be launched in the coming weeks.
> The chancellor is expected to exempt new-build properties from the freeze in a bid to encourage developers to keep working on new schemes.
Are things about to get that bad? Does seem like opportunity for Landlords to Increase rents. If its temporary measure then I'd welcome it.