Hello ClareMy husband has a basic of £84k + bonuses, which normally takes his annual income over £100k / annum. He also has expenses & a daily per diem when he is working away/abroad.My gross income from the farm is about £12k, though this is improving as I have been running the farm for a short time - since 2008. I net about £2k. It is my only source of income.The smallholding is worth about £150k (I am having it valued this afternoon), however we only have temporary planning permission to dwell.We also have a house in France, which is worth about £125k . He has said he wants this property, which is in joint names and has a french mortgage. It was originally bought for our pension investment. I have a small Scottish Widows pension and Nick has 2 frozen pensions.Thanks for your help.Susan
We took out an 80% mortgage in 2005 for 20 years. I am not sure the exact balance as Nick has been dealing with it on-line. I think that it is about £65k.I have 2 business development loans = £44k, however next January we have an endowment policy maturing for about £26k + bonus. This secures the loans and will pay off most of the balances remaining at that time.
We have livestock & equipment on the smallholding.Nick has some Standard Life Shares in his name for £3837We have a time share in Virginia. Purchased for £7k in 2001 that Nick will keep.Nick's car is worth £15k whereas I have a very ancient Discovery.Thanks
No. I bought the field in 2000 for my horses. I was a riding instructor.I then took time out to home educate our son. Nick was working away most of the time.I put together a business plan in 2006 to run it as a smallholding breeding alpaca. We got temporary planning permission to dwell in 2008 when we built a barn and bought a mobile home (cost £6k). The value of alpaca dropped about that time. I have expanded into goats, sheep & pigs and now bees. I produce pets, meat, eggs, alpaca yarn & garments, honey & vegetables. The business is still in its infancy.Thanks
SusanBefore we moved onto the smallholding we were renting a house.