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The Property Podcast

ASK206: How important is parking? PLUS: How much can I remortgage for?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 1 October 2019

⏱️ 5 minutes

🧾️ Download transcript

Summary

Ask Rob & Rob is back for another week to answer all your burning property investment related questions.  First up this week we have Charlie. Charlie is based in Manchester and wants to know how important parking is. He almost invested in a 2-bed apartment with his sister but pulled out due to the owner selling the parking separately.  Did they do the right thing by walking away?  Is this a yes or no answer, or are Rob & Rob right down the middle with this one? One thing is for sure… Rob B dishes out some really valuable advice today, and gives listeners some tips on how they can make a yes or no decision on a property like this.  The second question today comes someone who didn’t leave their name, but they’re wanting to know about adding procurement costs after refurbishing a property.  Today’s listener is using the example of purchasing a property for £80,000, and spending £10,000 on refurbishment. Can he add another £5,000 towards procurement? In other words, can he remortgage for £95,000 to allow funds for  stamp duty and conveyancing?  Is this possible or will he hit a roadblock? Rob D is looking at this example from a different perspective rather than what’s actually been spent on what. Have a listen and find out exactly how much our listener will be able to remortgage for - and the answer might just surprise you.    Don’t forget to tune in next week for another two questions on 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 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.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:08.7

Welcome to another episode of Ask Rob and Rob. That fixture of your Tuesday where we pop up and give you a couple of answers to your property questions.

0:17.0

We can only do that of course if you send in your property questions.

0:21.0

So before we hear what's in store for us today, let's have a quick recap of how you can get those questions. So before we hear what's in store for us today let's have a

0:23.0

quick recap of how you can get those questions in. Yeah here's Rob's personal

0:26.9

direct line. No only kidding. We've got a telephone number where you can call

0:30.6

in, leave an answer phone message, and then we will play it on the show. You can call in, leave an answer phone message and then we will play it on the show. You can call

0:34.9

013, 808,000.35 or you can go via our website Property Hub.

0:41.2

dot net forward slash ask and you can leave a message there.

0:45.0

However you do it, it's obviously very simple and again that's why we keep coming back every

0:48.8

week.

0:49.8

We get lovely questions like this one from Charlie.

0:51.8

Hey guys, my name's Charlie,

0:54.8

aced in Manchester.

0:56.0

I wanted to ask about about a year or two ago, me and my big sis

1:00.0

almost brought a two beds black with the view eventually turning it into a buy to select.

1:05.2

But we ended up pulling out with it because we found out that the owner had sold the parking.

1:09.5

So what wanted to ask was, how important do you think parking is when trying to buy properties similar to that one?

1:18.0

Just guys love the show.

1:20.0

I love Ask Rob and Rob because when you think you've answered everything you get another question and you go

1:24.2

ah great question we're not covered that before thank you for your question Charlie

1:28.4

there is no yes or no answer here it's a depends because some areas will benefit from having

...

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