UK rental insurance claim - without UK bank account

[skadi 76]

17 hours ago, emkay said:

However, given the property value reductions over the last few months, maybe this increases the rental value? This has been a UK trend in the past though no idea about the future? 

@emkay, according to the agent I use for my rental flat, rents are rising quite substantially a the moment, I got a approx 200 more per month. Then again, I guess this depends on where the property is.

[Gambatte 972]

17 hours ago, emkay said:

…don’t sell property unless absolutely necessary or dead! I usually don’t agree with any such family suggestions though, they might be right?!?

 

Personally I go even a step further and say don't sell ANY asset (that is, not only property) unless/before absolutely necessary. But of course this is very personal and depends very much on where you stand in life. Easier at age 49 with decent cash flow and trying to built retirement pot than 25-30yr later with a minimum pension.

[keith2011 2,678]

22 hours ago, Gambatte said:

 

Personally I go even a step further and say don't sell ANY asset (that is, not only property) unless/before absolutely necessary. But of course this is very personal and depends very much on where you stand in life. Easier at age 49 with decent cash flow and trying to built retirement pot than 25-30yr later with a minimum pension.

 

I very much agree, any asset that is generating income, particularly if it is also increasing in value or has potential to increase in value is worth far more than money in the bank! Planning for the future is all about income!