Financial Questions And Answers – Flexible Property Bonds

Questions to Owen can cover anything from saving and investments to the how to save money on your gas bill. Francesca submitted a question to Owen today -

Hello Owen

I am worried as I have recently put 100k into flexible property bonds with the market going into recession would it be wiser of me to loose the 10k in penalties for taking it out now?

Regards
Francesca

..And Owen Responds with

Evening Francesca

Hard to give you a view on this one because it really depends (a) on the nature of the bonds you have bought and (b) how important liquidity is for you, i.e. can you take a long term view on this investment or not.

I would take some proper independent financial advice if I were you, but just as a general view I think it is still not at all clear what will happen to the housing market over the next 2/3 years.

It is certainly going down at the moment, but history suggests that even after previous recessions, it has a habit of bouncing back quite fast.

Regards
Owen Woodley
Deputy CEO
Moneyway