Weekly Roundup, 13th January 2020

Weekly Roundup 200114

4 Responses

  1. Avatar Al Cam says:

    Re TANDEM:
    Out of interest, since you stopped working have you experienced any difficulties when applying for credit?
    I ask as other bloggers report major issues, see, for example, the comments about mortgages and credit at this post at Simple Living in Somerset https://simplelivingsomerset.wordpress.com/2019/09/12/__trashed-2/

    • Mike Rawson Mike Rawson says:

      No problem with credit cards or new bank accounts, but I don’t have any real debt at the moment.

      Not planning on having any, though I do have one more house move in me and if asset prices moved against me it’s possible I might need to borrow. I’ve earmarked the cash lump sum from our DC pensions to bridge the gap. My partner is still working so it’s possible she could borrow, though I expect her to have stopped if/when we need the money.

      I think one big problem is that you can’t borrow against tax-sheltered accounts. If I had all my investments in a taxable account with IB, they would lend me money against the portfolio. But you can’t do that with ISAs and SIPPs, which is where most of my money is (other than property and DB pensions).

  2. Avatar Al Cam says:

    Thanks for this prompt and very interesting reply.

    If I understand what you have said in your last paragraph correctly this could entirely explain the discrepancy between Ermine and Boltt’s bad (re-)mortgage experiences versus FIRE v London’s “dream house” buying experience.

    Thanks again.

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Weekly Roundup, 13th January 2020

by Mike Rawson time to read: 5 min
More in News
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Weekly Roundup, 7th January 2020

We begin today's Weekly Roundup in the FT with Lucy Warwick-Ching, who was writing about wills.

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