ASK320: Sell my former home, or rent it out? PLUS: How do I get a mortgage for my refurb?
Rob & Rob are back for another round of listener questions!
Kicking it off this week is Laura from Essex.
Laura bought her first property (a two-bed flat) six years ago and is now looking to buy her second property.
She’s recently had an offer accepted on a four-bed detached house and can afford to purchase it without using any equity from her flat.
But Laura’s unsure if she should sell the flat and use the equity to put down a bigger deposit and lower her mortgage repayments on the new house.
What do Rob & Rob think?
Should she keep the flat and rent it out or sell up and put a bigger deposit down?
Next up, we’ve got a mortgage question from Andrew.
Andrew has recently received an inheritance and is looking to buy a terraced house outright in Leeds and then let it out.
He’s then hoping to refinance this property and use the equity to expand his portfolio and purchase a couple more buy-to-let properties.
Andrew wants to know if his mortgage can be interest only, and if not, why?
Tune in to find out what the guys have got to say.
And if you’re looking for the latest episode of The Property Podcast with a mortgage expert you can find it here or if it’s the Buy-to-let mortgages explained video you’re after, that’s right here.
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).
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The next question on Ask Rob & Rob could be yours.
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