bridging loans

Welcome back to another episode of Ask Rob & Rob. The guys are ready and raring to go, answering more caller questions.  

Kicking things off this week is Andrew.  

Andrew wants to know if the average house price to earnings ratio is something that The Robs think people should consider when looking to purchase a property.  

Or is it just simply based on mortgage costs and interest rates? 

Our next question comes from Joe.  

Joe’s been doing all his homework and has read all of Rob D’s books. He’s convinced that the only way to renovate a house and sell it on quickly is by using a bridging loan.  

But Joe has since spoken to someone who told him offset mortgages were also a good option if you already own your own home.  

So, naturally Joe wants to get Rob & Rob’s advice to see if they’d recommend using an offset mortgage.  

Tune in to find out what they 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.

See omnystudio.com/listener for privacy information.

On this week’s Ask Rob & Rob, Dave Cookson is back to answer more mortgage related questions.

Mortgage broker Dave has appeared on The Property Podcast numerous times and most recently busted some of the most common mortgage myths in conjunction with the launch of Property Hub Mortgages.

And today he’s back to answer your mortgage related questions.

The first question is from Rob (yes, another Rob!), who has two properties in his portfolio - both are based in London and have development potential. He’s pretty confident that if he does these improvements, both the rental and resale value will increase.

But how does he raise the initial funds to crack on with his plans?

Both of his properties are on a standard 75% LTV mortgage and the lenders are not allowing any further advance. Does Dave know of anything Rob can do?

The next question comes in from Hannah.

Hannah runs her own business and has the choice of how much income to take in the form of dividends, whilst leaving the rest in the business to avoid paying more tax.

She owns her home outright so doesn’t have many outgoings. But she’s heard somewhere that lenders want to see a minimum amount of personal income.

With this in mind, Hannah wants to know how much she needs to start paying herself from her business to maximise her mortgage options? She’s also been told that lenders don’t count rental income as personal income.

Is this True? Tune in to find out what Dave has 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.

See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, two listeners ask Rob & Rob... Can I buy at auction through a limited company? PLUS: Will I qualify for a buy-to-let mortgage?... ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

See omnystudio.com/listener for privacy information.

This week we look at whether the government's new scheme will get the housing market moving. Why advisers are slow to recommend low-cost tracker funds. And the FSA digs deeper into bridging loans.

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Investors will no longer be banned from transferring out of their final salary schemes. Borrowers are turning to bridging loans but what are the best deals? And where in the world is the best place to retire?

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