ASK174: Why are these Liverpool flats so cheap? PLUS: How do I avoid becoming a mortgage prisoner?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.8 • 2K Ratings

🗓️ 19 February 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week on Ask Rob & Rob, you’re in for a whole load of cracking advice off the back of two great questions from avid Property Podcast listeners, Wilson and Val. First up we have Wilson who’s keen to ask Rob B a question about a location that’s very close to his heart - Liverpool! Wilson has noticed that certain property prices in Liverpool have dropped in value since they sold back in 2007. Naturally, Wilson wants to know if the next phase of the property cycle is likely to improve these prices. Without being too biased, Rob B admits that Liverpool is massively underpriced at the minute, one of the main reasons The Robs pegged it as one of their 2019 property investment hotspots. But he offers some sound advice on thorough due diligence when looking at less popular areas and what to expect. If you’re looking for a great location to invest in this year, this is a great podcast listen for you! The second question this week comes from Val who is concerned about falling into the trap of becoming a mortgage prisoner. Listen as Rob D takes charge, reiterating some basic points that were covered in episode 308 of the Property Podcaston getting a mortgage. Why should Val stick to a 75% loan to value mortgage? What other actions would The Robs recommend Val take to avoid being a mortgage prisoner? Hit play to find out. If this week’s property investment knowledge bombs weren’t enough for you, head over to the Property Hub Universityand take part in the free online courses we have available. 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 on013 808 00035 and leaving a messagewith 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 Forumyet? 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. And I'm Rob. And this is Ask Rob and Rob.
0:06.0	Yes, welcome to another episode of Ask Rob and Rob, the show where you have questions and we hopefully have answers.
0:15.0	We've got a brilliant couple of questions in today from Wilson and Val.
0:18.0	We'll be hearing those in just a sec, but if you'd like to join them and ask a question of your own here is how to do it.
0:23.2	Yeah you've got two ways of getting involved you can call up and leave a message on the
0:27.1	answer phone and to do that you need to call Oh 1.3 808 triple 0.35 3.8.000.
0:35.0	or you can just go along to the website
0:38.0	Property Hub.
0:40.0	net forward slash ask and leave your message there.
0:43.0	So let's listen to Wilson who's followed that process to a T.
0:46.0	Hello Rob and Rob.
0:48.0	Wilson Norwich here.
0:49.0	Firstly, thanks for everything you do on the podcast.
0:51.0	Been listening for, yeah, about six months now, I've been do on the podcast. Been listening for about six months now.
0:54.1	I've been through all the back catalog
0:55.5	and yeah, thanks very much for the free advice.
0:58.3	I've got a question which I imagine will probably be of interest
1:01.4	mostly to Rob B regarding Liverpool flats.
1:07.2	So yeah, I've been looking in sort of Liverpool for a bit now and I see sort of flats in several places are currently going for perhaps 40
1:15.7	50% less than they were in in 2007 in the peak of the market so I mean a couple of
1:21.8	examples at
1:23.0	lobridge court and also gold as green and sort of spring to minds yes I mean
	...

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