ASK201: Am I too late to be excited about Manchester? PLUS: Can I avoid paying Stamp Duty on my holiday let?
We’re back after a long weekend with two more fantastic questions from our listeners. This week we’re answering questions on one of our favourite cities - Manchester - as well as trying to avoid stamp duty.
First up, we’ve got another Rob! There’s just no escaping them.
Rob is new to property investment and after securing two properties in London where he lives, he’s looking to start his property journey up north.
After he listened to Boris Johnson’s speech, the growth potential of Manchester and the Greater Manchester area really excites him, but he’s wondering if the market is now saturated or if the long term potential is here to stay?
He’s also wondering how familiar he needs to be with the area before he considers investing?
If you’ve listened to The Property Podcast for a while, you’ll know how much The Robs love talking about Manchester and could spend hours giving Rob advice on investing in the area.
But they won’t keep you all day, they’re just dishing out the top tips on how to go about investing in property in Manchester.
Next we’ve got Tim. He’s got a couple of properties already, one being serviced accommodation and the other a standard buy-to-let. He’s just retired and is looking to make property his full time income to make himself financially free.
He’s been listening to a number of podcasts and webinars, one of which has said that he can avoid paying stamp duty if his property is being used as serviced accommodation.
So is it true or not?
Tune in to find out.
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