Meet the Balcombs: Like Father, like son
The Balcomb family are evidently smart with their money: both father and son have investments across a range of asset classes. However, the story is slightly mistitled – in this case, it was the son who taught the father. Oliver Balcomb discovered Property Partner just before we launched our first property, and after vetting the platform for a few months, he introduced his father, David. Despite being a generation apart, and with different investment goals, they like Property Partner for the same reasons.
Twenty-six year-old Oliver is renting in London and training to be a financial adviser. Property Partner gives him a way to track the market while he saves to buy his own place:
‘Property Partner is a key investment of mine as I build my deposit – I see it as the best place to keep it. The property market in the UK is a lot less volatile than shares – and Property Partner has opened up the market to everyone.’
Oliver’s father, David, is a 69-year-old semi-retired consultant. He owns one buy-to-let – but he now considers Property Partner to be a better way to invest. The recent buy-to-let tax changes will squeeze the profits of many individual landlords. Property Partner investments are taxed in a different way, and avoid the hassle of managing tenants. For him, it’s a way to invest for a comfortable retirement, while also helping his son onto the property ladder.
‘Property Partner is an excellent opportunity to invest in a market that wasn’t available before. It represents a positive alternative to the stock market, which is very volatile.’
David has now invested £75,000 across ten properties, while his son, Oliver, has several thousand pounds split across three. Beyond the blood-relationship, a common theme here is that they both have faith in Property Partner to help them achieve their goals for the future. Their reasons are also very similar: they see us as a more stable investment that still brings ‘a better rate of return’ – and there’s no better way to access the property market, as an investor.
There is one final thing that father and son agree on. After the recent tax changes in buy-to-let, Property Partner could well be the future for investors in bricks and mortar.
Do you agree with the Balcombs? Take a look at the properties available on our marketplace and decide for yourself:
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