conveyancing

It’s Tuesday, and that means Rob & Rob are back with two more listener questions. 

And this week, we’ve got a couple of tough ones. 

First up is Paul from London. 

Paul has recently inherited a three-bedroom property in Hull and is wondering what he should do with it.  

It’s the only property he owns, and he wants to know whether he should sell it as it is or renovate it first. 

The second question is from Julian. 

Julian is planning on releasing some equity from his first property and is planning how he can best use his time. 

With the conveyancing process being six weeks long on average, he wants to make sure he’s being productive and maximising his preparation. 

Tune in to find out what Rob & Rob think. 

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. 

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Ask Rob & Rob is back for another week to answer all your burning property investment related questions. 

First up this week we have Charlie. Charlie is based in Manchester and wants to know how important parking is. He almost invested in a 2-bed apartment with his sister but pulled out due to the owner selling the parking separately. 

Did they do the right thing by walking away? 

Is this a yes or no answer, or are Rob & Rob right down the middle with this one? One thing is for sure… Rob B dishes out some really valuable advice today, and gives listeners some tips on how they can make a yes or no decision on a property like this. 

The second question today comes someone who didn’t leave their name, but they’re wanting to know about adding procurement costs after refurbishing a property. 

Today’s listener is using the example of purchasing a property for £80,000, and spending £10,000 on refurbishment. Can he add another £5,000 towards procurement? In other words, can he remortgage for £95,000 to allow funds for  stamp duty and conveyancing? 

Is this possible or will he hit a roadblock?

Rob D is looking at this example from a different perspective rather than what’s actually been spent on what. Have a listen and find out exactly how much our listener will be able to remortgage for - and the answer might just surprise you. 

 

Don’t forget to tune in next week for another two questions on Ask Rob & Rob.

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.

Welcome to this week’s Ask Rob & Rob.

Daniel kicks us off today by asking us about his options for releasing equity on his family home. He’s lucky enough to own it outright and wants to start purchasing buy to let investment properties. He’s contacting mortgage brokers but isn’t sure whether he should be looking at one property in London or a few properties in Manchester.

Luckily Rob & Rob are on-hand to give Daniel some pointers on getting his first investment property wrapped up.

Should Daniel remortgage 95% or 70%? And is it better to walk away with the whole amount or get an offset mortgage and draw down on it as/when required?

Also, what are Daniel’s goals and why should these be determined before considering locations?

If you’re looking at refinancing your home to kick start your property investment journey, this week is a corker for you.

Second up we have Lauren who is frustrated with the solicitors recommended by her lender. Her purchase has nearly fallen through twice and her mortgage offer is due to expire very soon. What can she do when nobody can seem to make contact with them?

The Rob’s have always made their feelings about the conveyancing process crystal clear. Whilst this isn’t an uncommon situation, that doesn’t make it right.

What should Lauren’s first move be? Listen to what Rob & Rob would do to try and push the purchase through. Buying investment property shouldn’t be painful, so it’s important to find a decent mortgage broker and conveyancing solicitor to help move the process on.

Hit the listen button and enjoy Ask Rob & Rob.

Do you have a property related question for Rob & Rob? Whether you’re a first time investor or a seasoned pro, you could feature on our next episode. Simply call 013 808 00035 and leave 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.

Do you love property and are keen to connect with likeminded people? Head over and join the conversation over in the Property Hub forum. Our active Hubbers are talking property on a daily basis - from breaking news to sharing hints, tips and some very interesting progress journeys. Pop over an introduce yourself today.

 

 

 

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It’s widely acknowledged the U.K. housing market is broken.  Even the government recognises that it needs to be repaired. So, in this episode we’re going to share our ideas of how things could be improved.  We talk about the legal system, stamp duty and what the government can and should be doing to not only stop making things work, but actually start to fix it.

NEWS THIS WEEK

We’ve got 2 news stories this week and both echo our thoughts on this week’s topics.

 

First is a report about plans to reduce the huge costs of buying a freehold - this bold idea could be a game changer, but as usual there’ll be strong opposition.

 

The second story investigates why housing transactions have slumped.  It seems equity release is on the rise.  Does this mean more people are simply staying put?

 

HUB EXTRA

 

For those of you who have missed Resource Of The Week, we have good news.  Every Friday we are going to be delivering you Hub Extra. A weekly email that will be packed full of things we want to share.  From tips, apps and websites to podcasts, quotes and videos; we want to help motivate and inspire you every Friday.

 

This week we’ve highlighted 2 ways to search for podcasts with Listen Notes for desktop and searching for podcasts on your iPhone.

JOIN THE CONVERSATION OVER IN THE FORUM

Share your stories with us - Join the conversation in the forum.

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If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

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Are we investing our pension cash wisely or being scammed?Buy-to-let investors in panic rush to buy before a big tax rise

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This week we went over to the dark side…of property investment, naturally, and talked about the many dangers that lurk there for unsuspecting investors. Some of the nasties lurking on the dark side that we talked about were: “Free” “courses” that are no content and pure upsell, and the phenomenon of the “seminar junkie” Letting […]

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