ASK172: I’m retired – should I still use leverage? PLUS: Is the bank telling me the truth?

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.8 • 2K Ratings

🗓️ 6 February 2019

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Ask Rob & Rob we have Pat who’s got in touch wanting to know if he should still use leverage now that he’s retired, or use his savings to buy more buy to let property outright. Pat already has two buy to let properties and is wanting to increase his cash flow but doesn’t need the rental income to live on. Second up we've got Natasha who has a residential property with a consent to let from her mortgage provider. She’s now wanting to remortgage but oddly the bank is now telling her "no". She wants to know what Rob & Rob would do. If you’ve been wondering if it’s best to buy investment property with cash or a mortgage, or have been having issues with your mortgage provider, this is an episode you’ll want to listen to. Press play and tune in to this week’s 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 in 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.

Transcript

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0:00.0	Hi, I'm Rob.
0:03.2	And I'm Rob.
0:04.1	And this is Ask Grub and Rob.
0:05.2	Hello everyone.
0:09.2	Welcome to the New Look Ask Rob and Rob.
0:11.9	Well, certainly a New Look Property hub. There's so much going
0:15.2	on and I hope since our big announcement last Thursday you've been enjoying all the new resources
0:20.8	that we're putting out and there's more to come and this is a
0:23.4	resource we are absolutely committed to because we know you love the format so let's
0:28.6	get straight into that format and answer two of your brilliant questions that we
0:32.0	have in this week.
0:33.2	Rob, before we do that, have we got a new super duper system for getting the questions
0:37.6	in since the rebrand?
0:38.8	Well, no, you can't psychically beam your questions to us just yet, You can't even text them to us because we want to hear your voices on the podcast. So it remains the same.
0:48.0	Just give us a call. Oh, 1.3, 808.00035. That number has not changed or you can go to Property Hub. That has changed slightly
0:57.2	Property Hub. Ask and send us your question there instead. However you do it
1:02.4	keep those questions coming in because
1:04.1	we love answering them. So let's get to it. Here's our first question today. This one's
1:08.1	from Pat.
1:09.1	Hi Robin Rob, it's Pat from Cornwall here. Question for you.
1:13.4	I'm 65 newly retired.
1:15.3	My wife and I own our own house in Cornwall
	...

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