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mortgagepayments
Explore "mortgagepayments" with insightful episodes like "Think It’s Expensive to Buy a Home? Try Owning One.", "You CAN Break the Cycle of Debt Holding You Back", "Rich Girl Roundup: We Regret Buying Our House—What Now?", "There’s No Price on Your Peace of Mind" and "Evening Briefing Tuesday 20th June" from podcasts like ""The Journal.", "The Ramsey Show", "The Money with Katie Show", "The Ramsey Show" and "Times news briefing"" and more!
Episodes (9)
You CAN Break the Cycle of Debt Holding You Back
Rich Girl Roundup: We Regret Buying Our House—What Now?
There’s No Price on Your Peace of Mind
Evening Briefing Tuesday 20th June
The AMAZING POWER of Paying Off Your Mortgage with Andy Hill
TPP370: 4 property investors give us millions to spend!
Rob & Rob are back again this week for a slightly different episode of The Property Podcast. Today they’re advising four different investors on how they should spend their money.
We’re always asked for advice by aspiring and experienced property investors on how best to invest their money.
And now (possibly more than ever), investors seem a tad confused on where they should be putting their money, if anywhere at all!
All of the investors you’ll hear from today are at the start of their journey with different strategies and different sums of money to start with, but ultimately they want to know how best to invest in the current climate.
So, here are the four different scenarios we’ll be looking at on today’s podcast:
- James - he has £10,000 in a government Help to Buy ISA and is looking to either move out of his parents house and continue to save for his first buy-to-let, or withdraw the money from his ISA and take the penalty hit to use that money to invest in his first property whilst still living at home.
- Jay - he’s looking at buy-to-let properties in Salford Crescent and really likes the look of high-rise living in Manchester. Jay has an inheritance that he’s wanting to make the most of by putting it into property and would like Rob & Rob’s advice.
- Our third caller has a cash pot of £200,000 but is wanting a return of around 40% on his investments per year, but on an income basis. He’s looking at going down the buy-refurb-refinance strategy to try and pull money out after the refurbs.
- The fourth and final caller is wanting to know how The Robs would invest £3 million and what strategy would they use? He’s not bothered if it’s in the UK or overseas, but in terms of buy-to-let property he’s wondering if Rob & Rob would be more likely to go down the smaller, lower cost property route or go for more mid range and larger properties.
We all know how much Rob & Rob love talking goals and strategies with people and this is a great episode to do just that.
You may be in a similar situation to these four callers, or just be listening for a nosey. So what do The Robs think they should do?
Tune in to find out.
In the news this week, we’ve got not one news story but two! The first is more of a reminder to all property investors that changes to Capital Gains Tax are now in effect. So now if you sell a property and have Capital Gains Tax to pay, you only have 30 days to submit your application.
The second news story comes from an email that Rob D received around mortgage holidays and the rumour that it could potentially affect your ability to get lending if you take a mortgage holiday. At first that’s all it was, a rumour, but now it’s come to light that one mortgage lender in particular is not allowing mortgage holidays and will not accept your application if you have already taken out a mortgage holiday.
This week’s Hub Extra resource is from Money Saving Expert. They’ve put together a list of really useful resources that you normally have to pay for, but the companies that provide them have made them free whilst we’re in lockdown and everyone is looking for something to do.
There’s all kinds of things for you to sink your teeth into; from kids activities to guitar lessons. So maybe take a look and see if you fancy learning something new.
We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.
Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!
If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.
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ASK212: How can I buy my own home and invest at the same time? PLUS: How much stamp duty will I need to pay?
Rob & Rob are back again this week to answer two more fantastic property questions from two of our listeners.
This week our first question comes in from Luke in Manchester, who’s been inspired by The Property Podcast to get started in his investment career.
Luke is in a situation that most people are probably in when trying to start their buy-to-let journey. He’s looking to purchase his first personal home and an investment property at the same time.
At the minute he’s only going to have enough funds for one mortgage so he’s considering buying a two bedroom apartment (or house) and is looking to rent out the second bedroom. But he has a few questions around this:
- Is there a particular mortgage he’ll need to enable him to do this?
- How much stamp duty will he have to pay?
- Are there any other considerations?
- ...and is this actually a good idea?
Find out what Rob D thinks of this idea and if it’s actually doable. Maybe this could work for you as well.
Our second caller is Sally who has a question about stamp duty. She’s changing her residential home to a buy-to-let so that she can buy a new house with her partner.
She’s been given two different sets of figures from her solicitor and mortgage broker in terms of how much stamp duty she’ll pay. One is saying £2,200 and the other £9,250!
Obviously that’s a huge difference so Sally wants this clearing up.
So, is Rob B about to put her mind at rest or burst her bubble?
Tune in to find out!
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.
TPP282: How to find a good builder – and set your project up for success: Part One
Refurbing properties is such a popular strategy amongst investors, but it can also be a very stressful path to take. We get so many questions about how to tackle the subject we decided to call in an expert.
In this episode we talk to Ian - who’s been in the business for 30 years and runs his own construction company. Ian’s going to take us through how to find a good builder and set your project up for success.
NEWS THIS WEEK
Not only did the interest rate rise dominate the headlines this week, it also cast shadow on our predictions from the beginning of the year. How will the rest of year play out?
We also discovered a story with the terrifying headline: Landlords face up to 17 week wait to evict problem tenants. What does this mean for you? Are you at risk? Is it time to consider insurance?
HUB EXTRA
Leading up to this Friday’s Hub Extra newsletter, we take some inspiration from one of the world’s fastest men.
JOIN THE CONVERSATION OVER IN THE FORUM
Share your stories with us - Join the conversation in the forum.
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