ASK471: What should I do with £30k? PLUS: Will house prices ever get cheaper?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 8 April 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Another Tuesday, another Ask Rob & Rob, and we’ve got two cracking questions lined up this week! (0:40) After years of analysis paralysis, Craig thinks he’s ready to take action. With £30K saved to invest, he wants to know if he should dive into a buy-to-let in a hotspot like Derby or Manchester or should he hold off until he’s saved more cash. What would Rob & Rob do, if they were in his shoes? (4:25) Andrew’s keen to get The Robs’ thoughts on whether house price to earnings ratios will ever return to historic levels, or are today’s levels the new normal? 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. And I'm Rob. And this is Ask Rob and Rob.
0:05.0	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. We do head over to property hub.net forward slash ask.'s property hub.net forward slash ask there you can
0:24.9	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 section
0:35.9	so if you want to get your question in that way,
0:37.9	you can as well. First up, we've got a question in from Craig. Hey, Robb, Rob, super excited to be
0:44.1	making the first contact after years of listening to you on the podcast, after reading all your
0:49.1	books, listening to all the audio books, and just being a super van in general of property and of yourselves.
0:56.1	So I've had analysis paralysis for years, living in the South East, not being able to invest.
1:01.2	And so I've done nothing with it. But I'm now with my partner whose property we live in.
1:06.2	And together we have £30,000 saved. Now, in my position, what would you guys do? Like, what would
1:12.6	be your advice? Would you invest now into a by-to-net in a lovely place like Derby or Manchester
1:18.0	in the play locations that you guys advise? Or would you save it up more? Or what would you do?
1:23.0	I'd just love to hear your thoughts. I hope to hear from you. Thank you. Greg, thank you for being a super
1:29.0	fan and listening to all the audio books and the podcast and so on. How can we not answer your question?
1:33.9	Well, the answer is we have to. So let's do it. You're in an interesting position because you've got
1:39.2	enough money just about to invest in property. 30,000 pounds is a lot of money. Of that 35,000 pounds, it went all going to a property.
1:47.0	So let's say you've got about roughly 5,000 for costs and a little contingency fund.
1:52.0	So you put 25,000 down as a deposit.
1:54.0	You get a 75% loan to value property.
1:57.0	That would then allow you to buy a property worth 100,000.
2:00.0	Now for 100,000, you're not
	...

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