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The Property Podcast

ASK252: What should I know about investor-led developments? PLUS: Does a Lifetime ISA mean giving up my profit?

The Property Podcast

Rob Bence & Rob Dix

Education, Business News, Business, News, Investing

4.82K Ratings

🗓️ 8 September 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

It’s Tuesday. And that means another episode of Ask Rob & Rob.  Our first question this week comes from Michael. He’s seen that in some city centres like Liverpool for example, there are developments that are advertised as ‘investor only’ developments and he’s a bit concerned.  These are developments that offer guaranteed yields for a certain period of time, so he’s wondering what Rob & Rob think of these schemes.  Rob B tackles this question head on, and not only shares his views on these schemes, but also goes into detail about how they actually work. Our next question is from Jordan who’s got a question about lifetime ISAs.  He’s a first time buyer and he’s set up a lifetime ISA to take advantage of the government's 25% bonus scheme.  At the moment, due to coronavirus, there’s no penalty for withdrawing the money, whereas previously you would lose around 6% of the original deposit.  However he’s wanting to know if buying a property with a lifetime ISA means he loses any profit that he would make on his property in the future?  We’ve had a number of questions come in recently around lifetime ISAs.  So, should you avoid putting your money into a lifetime ISA or go and an open one tomorrow?  Tune in to find out.    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.

0:03.4

And I'm Rob.

0:04.0

And this is Ask Rob and Rob.

0:08.0

Welcome to Ask Rob and Rob.

0:09.3

That staple of a Tuesday where we answer two of your property questions.

0:13.6

We've got an excellent pair of questions coming up,

0:15.9

but I'm sure you've got one that's even better.

0:18.2

So how can you send it to us?

0:19.9

It's nice and easy.

0:20.8

The system remains are saying you can call in and leave as a voicemail,

0:24.1

and you can do that by calling 013-888-O-35.

0:29.4

Or you can go via the website

0:30.9

by heading to this link,

0:32.3

Property Hub. Dot net forward slash. the website by heading to this link property hub dot net

0:33.8

forward slash ask that's exactly what Michael has done let's listen to his

0:39.5

question

0:39.9

hi rob and rob it's Michael here thanks so much with the content you guys put out. It's really helped me a lot. I was hoping you could answer this question for me, please.

0:48.0

I see in some city centres like Liverpool, there's new build properties advertisers investor only which concerns me.

0:53.2

However they offer guaranteed yields.

0:55.2

Just wonder what your thoughts are on that.

0:56.7

Michael, thank you for asking this question because a lot of people do see these

1:01.4

adverts and are understandably drawn in by them. You know you see

...

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