It’s Tuesday, so we’re back with more listener questions.
First up this week is Becky from Essex.
Becky’s about to complete on her first buy-to-let deal (three cheers for Becky!), but she’s already looking at her next deal...
She wants to buy the flat above hers, off-market, and she’s wondering how much discount she could get with a deal like this?
Becky’s also hoping Rob & Rob can shed some light on how off-market deals work, and how the process differs from a standard purchase.
Next up is a cracker of a question from Alex in Devon.
After using a cash loan from a friend, Alex purchased his first property a year ago and now he’s about to repay the friend after increasing the property's value and remortgaging.
His friend wants to extend this partnership and re-loan him the money. Alex wants to go ahead with the loan and split it into two £50k deposits, but he’s hit a roadblock.
His broker has advised that lenders aren’t likely to loan to him due to his friend wanting to have a second charge for security.
Is there a way they could restructure the loan to suit, or are they just asking the wrong questions and dealing with the wrong lenders?
Tune in to find out what the guys have got to say.
Do you have a buy-to-let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The next question on Ask Rob & Rob could be yours.
Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So, get yourself over and introduce yourself.
And if you’d like to find out more information about Portfolio you can do that here.
See omnystudio.com/listener for privacy information.
ASK353: How do we prepare for a crash? PLUS: Do I need an emergency fund?
TPP498: The Mini Budget - What does it mean for property investors?
ASK352: How long should I fix my mortgage for? PLUS: Interest-only on your own home?
TPP497: Mortgage Market Update
ASK351: Is this a good way to get into property? PLUS: I'm worried about the EPC changes!
TPP496: A rent freeze and eviction ban is coming – what’s happening and what it means for you
ASK350: Is now a bad time to buy off-plan? PLUS: What are your top 10 podcasts?
TPP495: The top 3 places to invest in England, Scotland and Wales
ASK349: Help - my fixed rate is ending! PLUS: Is it a bad idea to rent to family?
TPP494: September Market Update
TPP493: Inflation and interest rates: What's next?
ASK347: Is the market just too hot? PLUS: Is this a risky cash buy?
TPP492: Is the property market slowing down?
ASK346: Should I buy a cheap student property? PLUS: How much should I reinvest?
TPP491: How to invest like the super-rich
ASK345: Can I renegotiate this purchase? PLUS: Is it time to ditch my ISA?
TPP490: August Market Update
ASK344: Help! Higher mortgage rates are squeezing my margins PLUS: Is this the end of rent increases?
TPP489: 2022’s best cities for yield
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast