ASK229: Should I look for a new mortgage offer now interest rates have fallen? PLUS: How can I help my tenants during this crisis?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 31 March 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s Tuesday which only means one thing, another episode of Ask Rob & Rob! As ‘Coronavirus’ is the word on everyone’s lips right now, there’ll be no surprise to learn that this has spurred many Ask Rob & Rob questions this week - we’ve literally been inundated! The main question we’ve been asked is around mortgages and the (very) low interest rates we have right now. Is now the time to be looking for a new mortgage offer now interest rates have been knocked down? The answer might not be what you were expecting - but there’s good reason for that. You’ll have to listen to find out. The second question is ‘how can you help your tenants during this pandemic?’ Businesses are laying off. The economy is suffering. And you still have bills to pay. So how can you help a tenant in need? Tune in to find out how you can do your bit. Sit back, relax and have a nice cuppa while Rob & Rob keep you updated on the most asked questions during this time of need. 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

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0:00.0	Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.
0:07.0	Welcome to Ask Rob and Rob, the show where we answer your property questions and wow are there a lot of them at the moment.
0:14.6	Things are moving so quickly at the moment as you probably know we're now podcasting three times a week
0:19.8	because there's so much to say and we're getting absolutely bombarded with questions by
0:24.0	email, on social, on the forum everywhere.
0:26.3	And we love having those questions because it gives us a chance to do our best to answer
0:30.1	and enlighten everyone.
0:31.6	So today we're not going to hear our listeners questions
0:34.0	because they're coming in so thick and fast, but if you do have a question you'd like to
0:37.6	answer in a future episode we would love to hear your voice.
0:40.1	We would so call in on 013 808
0:43.0	triple 035 and leave us a voicemail
0:45.8	or go to Property Hub.
0:47.8	dot net forward slash ask.
0:49.0	But as we said, we're just collecting the questions in the moment
0:52.2	and we're gonna answer questions that will benefit the most people possible.
0:55.6	And the first topic we're going to tackle, because there's been a lot of questions in on this, is mortgages.
1:01.2	So there's similar themes, but the crux of it is that people are asking, should they,
1:06.1	if they're in the middle of a purchase, stop with the current mortgage product they've got,
1:11.0	and go and look for another one, start again. Even if they've put a bit of cost in because we've
1:15.2	seen interest rates go down from 0.75 to 0.1. So you would think that mortgage products
1:20.5	are going to be cheaper and therefore it would make sense.
	...

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