ASK455: Should I remortgage my home to buy more? PLUS: Who can I report this landlord to?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 19 November 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Happy Tuesday! It’s time for another episode of Ask Rob & Rob, where we dive into your property questions. (0:42) Eager to kickstart her property journey, Natalie’s thinking of borrowing against her family home and switching to an interest-only mortgage to buy her first buy-to-let. She turns to Rob & Rob to see if it’s a smart move – what will they say? (4:30) As a landlord himself, Glenn's frustrated by his vulnerable neighbour’s poor living conditions due to the neglect of the property by the landlord and asks if there's an authority where rogue landlords can be reported. Enjoy the show? Leave us a review on Apple Podcasts - it really helps others find us! Sign up for our free weekly newsletter, Property Pulse Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead. Find out more about Property Hub Invest

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.
0:06.6	Welcome to Ask Rob and Rob. It's the show where we answer your property questions. And the show, of course, starts with you. So we like to make it really simple for you to send your questions our way.
0:16.1	We do head over to property hub.net forward slash ask. That's property hub.net forward slash ask that's property hub.net forward slash ask there you can
0:24.8	leave us a message you can call us and leave a voicemail if you prefer or if you want to write in with
0:30.5	your question we have our wonderful column in the sunday times each and every sunday in the home
0:35.5	section so if you want to get your question in that way,
0:37.8	you can as well. Right. EO. Let's get our first question in from Natalie.
0:43.0	Hello, my name's Natalie. I currently don't have any property investments at the moment, but it is
0:47.9	something that me and my partner are looking at getting into. We have a mortgage, obviously,
0:53.3	on our own family home. And I just wanted your
0:57.1	advice as to whether you would borrow against your own home in order to purchase a buy-to-let,
1:03.7	which I have spoken to my lender and my mortgage lender will allow us to do. We can draw about
1:08.9	$50,000 out of our house to use to purchase a buy-to-letter. So I'm just
1:14.8	wondering if you would advise that as something to do to make a start. And whether you would swap
1:20.3	your home mortgage to interest only in order to do that. I also wanted to know, I work for a major house builder and we do get
1:30.3	between 10 and 20% off our new builds and whether that would be beneficial to me, especially
1:37.6	buying off plan and whether you would advise to buy off plan as well. I have so many questions,
1:44.0	but they are my main ones if you're
1:46.2	able to help. Natalie, thank you for your question. Wow, what a perk that you have available to you.
1:53.9	I can completely understand why you're really looking into this as an option. So let's look to this as an
1:59.6	option generally anyway to benefit everyone, even
2:02.2	those without that perk. So should you remortgage your home to invest in property? It will so
	...

Transcript will be available on the free plan in -133 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rob Bence & Rob Dix, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rob Bence & Rob Dix and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.