New Posts For Thread: Rent or lengthen chain?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908474/rent-or-lengthen-chainHave offer on house but haven't seen anything I want to buy.Let's keep the figures simple. £300k on deposit such that I can access the cash any time means around 300kx2.5%=£7.5k interest -after tax at 40% that leaves £4500 ie £375 per monthCost o300k pounds is about 620k audCan i sell you some of my pounds at these rates please?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908474/rent-or-lengthen-chain?post_id=430915078#430915078300k pounds is about 620k audCan i sell you some of my pounds at these rates please?Mon, 03 May 2010 20:53:42 -0500my thoughts are that your deposit interest rates are too low to sit in cash.House prices could move 2.5% in the blink of an eye.If house prices fall yours will fall but so will the ones you want to buy.Rise/ rise the flip side.Your " compensation "https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908474/rent-or-lengthen-chain?post_id=430915074#430915074my thoughts are that your deposit interest rates are too low to sit in cash.House prices could move 2.5% in the blink of an eye.If house prices fall yours will fall but so will the ones you want to buy.Rise/ rise the flip side.Your " compensation "Mon, 03 May 2010 20:25:16 -0500Id get back into property. Not that im bullish on the UK market, I just think the risks of not owning a house and keeping cash far outweigh any short term profit/saving you may make. Equally I wouldnt invest the money for my house in foreign currenchttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908474/rent-or-lengthen-chain?post_id=430915070#430915070Id get back into property. Not that im bullish on the UK market, I just think the risks of not owning a house and keeping cash far outweigh any short term profit/saving you may make. Equally I wouldnt invest the money for my house in foreign currencMon, 03 May 2010 10:09:46 -0500So what would do with it, Harry ? Swap into €, Sfr, US$?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908474/rent-or-lengthen-chain?post_id=430915066#430915066So what would do with it, Harry ? Swap into €, Sfr, US$?Mon, 03 May 2010 09:02:50 -0500I woudnt sit on 300K sterling for any longer than is necessary.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908474/rent-or-lengthen-chain?post_id=430915062#430915062I woudnt sit on 300K sterling for any longer than is necessary.Mon, 03 May 2010 07:59:20 -0500Have offer on house but haven't seen anything I want to buy.Let's keep the figures simple. £300k on deposit such that I can access the cash any time means around 300kx2.5%=£7.5k interest -after tax at 40% that leaves £4500 ie £375 per monthCost ohttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908474/rent-or-lengthen-chain?post_id=430915058#430915058Have offer on house but haven't seen anything I want to buy.Let's keep the figures simple. £300k on deposit such that I can access the cash any time means around 300kx2.5%=£7.5k interest -after tax at 40% that leaves £4500 ie £375 per monthCost oMon, 03 May 2010 07:26:52 -0500