ASK463: How can I use the equity in my home? PLUS: How can I track mortgage rates?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 11 February 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s time for your weekly dose of Ask Rob & Rob – let’s get stuck into some brilliant listener questions! (0:41) Jane was gifted her parents' house, now worth around £650K. Keen to kickstart her property portfolio, she’s torn between renting it out or selling to release equity for a smaller buy-to-let. With no current income, she’s unsure about mortgage options – what will Rob & Rob suggest? (4:02) With both his personal and buy-to-let fixed-rate mortgages ending soon, Jack wants to know the best place to find a reliable resource for up-to-date mortgage data, ideally by email. 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

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0:00.0	Hi, I'm Rob.
0:03.2	And I'm Rob.
0:03.9	And this is Ask Rob and Rob.
0:06.5	Hey everyone, welcome to Ask Rob and Rob, the show where we answer your questions about
0:12.0	your property.
0:13.1	So let's get your questions in now.
0:16.2	Rob, please direct our wonderful people to where they can get their burning questions answered.
0:21.2	Yeah, could not be easier.
0:22.3	Just go to property hub.net slash ask.
0:25.0	There you can leave us a voicemail or if you want to appear in our Sunday Times column,
0:29.1	you can send us a written question there as well.
0:31.0	So both at property hub.net slash ask.
0:33.2	But we love people who leave us a voicemail because that means we can answer them there here on this show.
0:37.9	Let's listen to our first question in this week and it comes in from Jane.
0:42.0	Hi, Robbs. My husband and I were gifted my parents' house and it's now in our names and we think
0:47.4	it's worth around £600 to £700,000. We'd like to move out to a different area and buy
0:53.5	a property for around 550,000.
0:57.2	Our current village location is desirable for renters and a friend of ours in property
1:01.7	suggested that we rent ours out rather than sell it.
1:04.9	It would mean getting a mortgage which I'm not sure we can do because I currently don't
1:08.9	work as I have bringing up our toddler. It is an
1:11.9	auction though. I'd like to start building a property portfolio so it's either start with the
	...

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