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The Property Podcast

ASK24: Is this a good strategy for a newbie?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 β€’ 2K Ratings

πŸ—“οΈ 9 February 2016

⏱️ 7 minutes

🧾️ Download transcript

Summary

This week on Ask Rob & Rob, John asked: Is this a good strategy for a newbie? This question is specifically about delayed completion – where you pay a certain amount up front, (generally 10%, but this is negotiable) and cover the mortgage for a perio

Transcript

Click on a timestamp to play from that location

0:00.0

Hello I'm Rob and I'm Rob and this is Ask Rob and Rob.

0:07.0

Hello welcome back to Ask Rob and Rob it is a Tuesday so we must have a

0:15.0

podcast and yes you're right we do it's episode 24 and this is the

0:20.1

podcast where we answer your questions. You ask Rob and myself and I'm called

0:25.4

Rob and that's why it's called Ask Rob and Rob see what we did and then we will

0:28.6

answer your questions and like the title it's very simple for you to call in and ask your questions.

0:35.0

Yes it is. We've got two options, both of them very simple.

0:38.0

First of all, if you prefer to pick up the phone, all you need to do is dial 013, 808,00035. That's 013, 808,000 35. Leave us a voicemail and you'll hear us, read it out on the show and

0:51.6

answer your question in the coming weeks.

0:54.0

Alternatively if you'd rather use your computer to leave us a message instead just go to

0:59.5

the Property Hub.net.

1:01.0

podcast look for the box on the right hand side where you can leave us

1:04.4

a voicemail that way instead. Whichever way you do it doesn't really matter all

1:08.7

that matters is that you do do it and that's what John did. John had a question for us. Let's hear it now.

1:14.3

Hi my name's John, just looking at getting into a problem with me.

1:18.6

We really like the Comcast guys, so keep it up. I'm just wondered what your thoughts were on delayed completion as a strategy where you pay a certain

1:27.0

amount up front and then continue to pay the mortgage for another year before having the option

1:32.4

to buy it outright at the end of the mortgage

1:34.8

term. I'd be interested to hear your thoughts on that. Many thanks.

1:37.6

I know. Okay, so there's a couple of different things going on in this question.

1:41.7

First of all there's delayed completions. This

1:45.0

effectively is where you will exchange on a property so you're legally committed

...

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