Buying land

Latest Articles

Buying land
Page Previous 1, 2, 3 Next

Downsizer Forum Index -> Finance and Property

Author

Message

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Wed Sep 16, 15 4:35 pm Post subject:

tahir wrote:

Wouldn't a buy to let flat be easier? Gives you a yield straight away and increases in capital value generally outpace inflation.

I've got one.

tahir

Joined: 28 Oct 2004
Posts: 45661
Location: Essex

Posted: Wed Sep 16, 15 4:40 pm Post subject:

wellington womble wrote:

tahir wrote:

Wouldn't a buy to let flat be easier? Gives you a yield straight away and increases in capital value generally outpace inflation.

I've got one.

I assume that was relatively straightforward? Can't see any ethical issues with it either...

I'm sure the solar farm idea has legs, but not sure how useful they are, they look horrific, and a site will be difficult to find.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Wed Sep 16, 15 4:47 pm Post subject:

tahir wrote:

Hairyloon wrote:

I cannot help thinking, although I am reluctant to mention, that there are projects on this board that are in need of investment...

She needs a secure investment, I can't think of any investment requirement on here that fulfils that brief

Yes, this one needs to be solid. There will I think, be more scope for higher risk investing later. But this will be the backbone, and our main income.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Wed Sep 16, 15 5:04 pm Post subject:

tahir wrote:

wellington womble wrote:

tahir wrote:

Wouldn't a buy to let flat be easier? Gives you a yield straight away and increases in capital value generally outpace inflation.

I've got one.

Finding a site will be the most difficult bit. But the returns are better than BTL and the security is better too, with a 25 year lease. I'm looking to diversify a bit. I'll be planting some woodland as well (different site) and probably an ISA and some truffles.

tahir

Joined: 28 Oct 2004
Posts: 45661
Location: Essex

Posted: Wed Sep 16, 15 5:06 pm Post subject:
Well, round here the prices are ridiculous, and I have no idea on the finances of solar farms so I can't help.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Wed Sep 16, 15 7:17 pm Post subject:

Just looking for advice on purchasing land now at the mo. The rest of the fun and games come later. I'm expecting it to take a year or so.

I'm was hoping there might be some sort of national land agent who could advise. Or just get on with it, but that was always a faint hope!

Do you not think the tide is turning against evil buy to let landlords? I understand they are scrapping the tax relief on mortgages for a start. (Income from solar is currently tax exempt)

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Wed Sep 16, 15 10:14 pm Post subject:
Anything that has tax breaks and incentives on it is only ever available for a short time. If the advantages are good, it attracts people, and the government feels it's missing out. Not all btl landlords are bastards.

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Wed Sep 16, 15 10:20 pm Post subject:

Nick wrote:

Anything that has tax breaks and incentives on it is only ever available for a short time.

Forestry still has tax breaks I think. Has done for ages.

Shane

Joined: 31 Oct 2005
Posts: 3467
Location: Doha. Is hot.

Posted: Thu Sep 17, 15 3:22 am Post subject:

Nick wrote:

Not all btl landlords are bastards.

Seconded!

john of wessex

Joined: 18 Jun 2007
Posts: 2130

Posted: Thu Sep 17, 15 5:48 am Post subject:
Why not go onto a site like Abundance. There are projects looking for finance and you could either stump up enough to get some of them off the ground, and/or spread your investment over several projects?

Mistress Rose

Joined: 21 Jul 2011
Posts: 15936

Posted: Thu Sep 17, 15 7:13 am Post subject:
As far as financing, there are some companies that specialise in mortgages on land, but the alternative is to get a mortgage on your house. Some estate agents do cover land; I put it out to local ones when I was looking for the wood, but again there are specialist ones.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Thu Sep 17, 15 9:12 am Post subject:
Can't have the government missing out for too long, of course! Do you know of any examples, MR?

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Thu Sep 17, 15 9:32 am Post subject:
Santander lent me money to buy a field, with no other security, a massive overdraft and an appalling credit card history with them. It's the only mortgage I've ever had. I'd avoid them like the plague. They're clearly idiots.

vegplot

Joined: 19 Apr 2007
Posts: 21301
Location: Bethesda, Gwynedd

Posted: Thu Sep 17, 15 10:29 am Post subject:

Hairyloon wrote:

I cannot help thinking, although I am reluctant to mention, that there are projects on this board that are in need of investment...

in need of investment or worthy of investment?

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Thu Sep 17, 15 10:39 am Post subject:

vegplot wrote:

Hairyloon wrote:

I cannot help thinking, although I am reluctant to mention, that there are projects on this board that are in need of investment...

in need of investment or worthy of investment?

Certainly in need. I'd expect some are worthy, but I am in no place to judge.

But this does come up relatively often: that someone has some money to invest, and there is an absolute shed load of talent and ability on this board, so I think there is potential to put some kind of project together.

Not this time and probably not for any one large investment, but maybe we should have a think about it.

	Downsizer Forum Index -> Finance and Property	All times are GMT Page Previous 1, 2, 3 Next
Page 2 of 3

View Latest Posts