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Originally Posted by dave3076
Im all ears for a bank account that provides 6.3% net without severe restrictions on a sum of 50k sterling. With respect, the point wasnt about whether you should hold cash right now or not, it was in regard to your comment of SELLING right now. I have for all intense and purposes a dollar asset on a promising development with lots more to come, thats yielding 2 to 3 base points above british interest rates, rising in value(which granted could change) with the dollar sitting at highs against sterling. I totally agree with your analysis on new builds yielding 2 to 3% in the Uk hence i suggested you`de be looking a long time.
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Dave, internet is the greatest tool me, u and the our kinds have in todays age. Being a junior member i am not allowed to post urls. But the biggest bank that offers 6.3% is Alliance and leicester offshore bond ON STERLING ,it also provides a monthly income @6.12% and the minimum balance required to open this is £5000 and i haven't missed a zero there.
Further, there are several projects in the UK alone advertising 7% nett,a few are based on hotel rooms that you buy on a lease and you have a few days in a year that can also be sold. I think this forum is based on discussion of IC and we are moving away from it.
Realistically, property would be worth entering in todays market condition if yields were close to 10%NETT.