#danandjames

This week Dan and James answer two more listener questions.

Our first question is from Florence in Wadebridge “I’m thinking of remortgaging my property as I have around £190,000 of equity tied up.  However, I don’t know if I should pay the penalty to get out of my mortgage now, which will be around £1,040, or wait two years when the fixed mortgage rate is finished. I don’t yet know which route I should choose property investment wise, holiday let, HMO, buy to let, long term council lease? What would you recommend I do?”

Next up we have Zoe from Boscastle who asks, “I am interested in getting into property investment but I do get quite stressed even thinking about it, does this mean its not for me as I don’t want to miss out?”

Tune in to find out what Dan & James had to say.

Do you have a buy-to-let or property investment related question for Dan & James? You could feature on the next episode by getting in touch via our website at www.cornwallpropertypodcast.com or messaging via the Cornwall Property Podcast Facebook page @cornwallpropertypodcast

You can also get in touch with us via email hello@cornwallpropertypodcast.com

The next question on Ask Dan & James could be yours.

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This week Dan and James discuss news regarding the latest property/housing updates as well as the latest updates from the world of mortgages and lending.

Dan looks at how tight supply increases rents across most regions
Link: https://www.property118.com/tight-supply-increases-rents-across-most-regions-during-q4-2021/

Dan also shares information about which Cornish coastal towns have seen the highest house price increases in the country
Link:https://www.cornwalllive.com/news/property/cornwall-coastal-towns-biggest-property-6492297.amp 

James discusses the rise in First time buyers towards the end of 2021 and what this means in the financial world. 

James also looks at the record number of Buy to Let firms established in 2021 with the tax benefits driving this increase. 
Link: www.mortgagestrategy.co.uk/news/first-time-buyer-activity-rises-at-end-of-year-legal-general/

Dan and James then talk through their property picks of the week. 

Commercial property of the week:
Property Location: Launceston 
Rightmove Link: https://www.rightmove.co.uk/properties/118688969#/?channel=COM_BUY 
Property Type: Plot of Land
Guide price: £140,000
Development opportunity description: Development site with the benefit of detailed planning approval for the construction of two new detached houses

Residential property of the week:
Property Location: St Austell 
Rightmove Link: https://www.rightmove.co.uk/properties/118866830 
Property Type: 2 bed cottage 
Guide price: £150,000
Development opportunity description: Cottage that has been empty now for over a year! Opportunity to create off road parking. Benefits from gas central heating also. Rear garden also.

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