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Winger
Just completed a couple of re-mortgages, 5 year fix interest only, less than half the previous 5 year fix. It’s almost free money. Can’t possibly get any cheaper surely?
Interest Rate Cut coming
- Thread starter monkeytassle
- Start date
Deleted User 11453
Striker
Last year we fixed for 10 years on an interest only deal. I can’t be arsed to remortgage and pay fees, and it gives us flexibility with our investments.
Plus if the worst comes to the worst we only need to scrape together a few hundred quid a month for the mortgage.
Joe Public
Striker
Old Prestonian
Striker
A lot of businesses are now realising that they don't need offices, particularly offices in prime locations.
Depends what you need office space for and type of business . As poster above said a lot of companies will have a serious rethink on working practices. For some an office space is a must.
I think it will be a buyers market for a considerable time. Durham was suffering anyway prior to the virus as the rent/rates are way too high.
If you don't mind me asking what is it you do that requires office space.
Leon Solent
Striker
This current Corona situation will result in many companies re-evaluating the number of employees it actually needs to run their businesses and the requirements of premises they require. I don't think it's had time to sink in yet or permeate down to the man in the street but we've had a stop/reset moment like never before. We're all going to have to get used to a new normal cos things aren't going back to the way they were. Never.
Joe Public
Striker
Engineering design, 15 people and were recruiting for more prior to all of this carry on. We definitely need office space, based in Belmont at the minute which is a great location and no issues with parking, but renting upper floor of a 2 floor office block and it feels like dead money.
One of directors is stepping down and I’m stepping up, so it might be a good time to own our own space if prices dip.
Deleted User 11453
Striker
My employers own or rent loads of buildings in Nottingham city centre.
I would think that an alternative use of office space is conversion into student accommodation or apartments.
Leon Solent
Striker
I think the office space sale/rental market will be dead for years and a lot of owners and renters will be looking at disposing or reducing what they already have. Interesting times ahead.
zwartekat
Striker
What sort of return do you get on gilts over 5 years?
monkeytassle
Striker
10y gilt yield is 30bp
As a novice I get the trade in gilts and yield to redemption etc but how do you get into it from the start when I guess they are issued by the treasury ?
Or is that a daft question
monkeytassle
Striker
Why . Surely it’s just another form of fixed term savings ?
Is there a minimum buy in
30bp ?
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AndrewP
Striker
Just can not imagine anyone who isn't wealthy wanting to tie their money up for that long at that rate of interest.
Base Points. 0.30 in decimal talk.
If you weren't wealthy you'd just max out Goldman Sachs, or at least put £85k in several different banks offering higher savings rates.
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The return doesnt seem fantastic for as you say locking it away for that long. Unless I'm missing the point.
AndrewP
Striker
I think they are often purchased for diversification purposes. I'm no expert though, @monkeytassle will know.
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