ASK254: Is my London investment going to struggle? PLUS: How do I prepare for a financial crash?

The Property Podcast

Rob Bence & Rob Dix

Education, News, Business News, Investing, Business

4.8 • 2K Ratings

🗓️ 22 September 2020

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s Tuesday, and that means Rob & Rob are here to answer two more fantastic property related questions. So hold onto your hats! The first caller to get in touch this week is Matt. Matt previously bought his residential apartment as a long-term investment opportunity. The apartment is located in central London, near the Olympic Park. There’s currently tonnes of investment going on in and around the area with two new hotels being built, BBC studios, the new VNA museums and different universities moving into the area as well. He currently has a lodger that pays £1,000 per month which massively helps towards the bills and is helping him to save money for when he wants to move out of London. However Matt is now concerned that with the way the future of working is going, he wouldn’t be surprised if businesses moved to smaller office spaces and we end up seeing more remote working. He’s been doing his research into Zoopla reports and now he’s wondering if he should ride it out or get out whilst he still can. Next up we’ve got Clara who’s wanting to know what Rob & Rob would advise when looking to prepare for a market crash. Would they suggest remortgaging and pulling any money out and keeping that money in cash, or keeping it somewhere else? Ultimately, how do you make sure you’re protected for the inevitable? For the first time in Ask Rob & Rob history, The Robs have refused to answer this question. Tune in to find out why! 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.
0:05.1	Hello and welcome to Ask Rob and Rob, the show where you get your questions in and we give you answers.
0:13.0	Well, we're at least going to answer the first question.
0:16.0	But we're not going to answer the second one,
0:17.0	well at least not today.
0:18.0	Find out why in a minute, but we feel we'll get to the questions.
0:21.0	Let's give you a quick reminder of how you can get on the show.
0:24.0	Yep, the secret lies in 11 numbers which must be entered in this particular order.
0:29.2	Oh 1.3808.000.35. That's our phone number. Call us up and you'll get a voicemail and be able to leave
0:35.0	this a message there. Or if you don't like the 11 digits you can use some other number of letters
0:40.0	that haven't worked out yet, which is by going to Property Hub.net slash
0:43.3	ask and leaving us a voicemail there instead. Either way, nice and easy,
0:47.7	get your question off the chest and then we'll give you an answer,
0:50.7	just like we're about to for Matt.
0:57.7	Hi Robin Rob, my name's Matt and I'm actually curious about my own residential property that I bought as an investment in Zone 2 London by the Olympic Park.
1:01.2	There's tons of investment here. There's two huge
1:03.9	hotels being built at the moment and lots of investment in the park itself with the
1:07.8	new VNA museums and BBC studios and different universities moving in as well and also this crossrail if that's ever
1:15.8	delivered and I also got a lodger who's paying 1,000 pound a month as well which makes it a great
1:20.4	kind of investment for myself as well and helps pay the bills. I bought the flight in January 2019 and the aim was to be here for about three years with a possible extension of up to five if property prices remained flat after Brexit and that was the idea
1:35.0	before selling and moving back out to the countryside where I'm from and
1:38.9	ultimately want to be. Now it feels like the future of work is changing and I
	...

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