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  • Property-a-holics

    Property ISA 7%

    I have noticed a lot more ISA provider's coming on the market.  What do others think  ?

    7% tax paid is not a bad deal but is there a catch!

    https://www.kuflink.co.uk/innovative-finance-isa/

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    If you can get 7%, why would anyone leave their money in the high street banks at 0.75% ? I'd be interested to learn more about this.

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    I think the words "Capital at Risk" give a clue to why you should be wary.Its lending to individuals and companies that have a risk profile standard lenders will not touch.

    Non-status P2P

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    I'm becoming increasingly interested and asked a similar question here:

    https://www.propertytribes.com/understan...39006.html

    The percentages offered are very appealing, but what are the downsides? I understand the investment is at risk, but that is also the case with a stocks and shares isa.

    What is the difference between this innovative isa, which appears to be property based and the property isas discussed on Rightmove?

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    Hmm?  7% p.a. for doing absolutely nothing!  If it sounds too good to be true it probably is.

    I was at a student property investors meeting the other day.  All bad news.  Student numbers are down.  More and more corporates building student lets.  More and more letting regulations.  More onerous taxes.  Ban on fees.

    The feeling in the room and by the speakers was that investing in property letting is at it least attractive point for many, many years.

    I get the feeling that Professional property investors are biding their time, maybe picking up the odd big bargain, but generally building up a war-chest, waiting for price drops and a buyer's market to return with gusto.

    The only people who seem to be investing in property are naive newbies.

    Many funds like these will fail to produce the expected income and will fall in value.

    Of course I may be wrong, but for now I am buying a big chest to stash my money in ready for the amateur and accidental landlord exodus.

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    Whereabouts did this meeting take place, as it's not all doom and gloom for the student sector?

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    No, you're right it's not all gloom and doom for students, I was thinking more of my local area, Canterbury.

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    I would totally agree with this. I have been investing for many years and in the industry since the mid 80s. There are periods when property investors (the good ones) sit on their hands and other times they act, usually when others are licking their wounds. At the moment they are sitting on their hands without a doubt. If you think otherwise then good luck but I prefer to act on the experience of decades rather than the froth created by a few agents and gurus young enough to be my grandchildren !

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    Indeed Derek, I was thinking of investing a 5 figure sum with them. Fortunately, I was a bit suspicious and decided not to.

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    7%?… for the most part this will be very high risk... but risk has its place and in general you should invest no more than 5% of your available cash in schemes which carry a severely enhanced risk of loss.. penny shares etc. So, you choose your poison, I would not want to tell you what to do but, in the same way as backing a 50:1 outsider at Newmarket, only invest what you can afford to lose. Smile

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