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The Property Podcast

ASK280: Where in the “Northern Powerhouse” should I buy? PLUS: Should Stamp Duty be scrapped completely?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 13 April 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

Welcome back to another week of Ask Rob & Rob.  To get us started this week we’ve got Luke.   He’s only 22 and already looking into investing his money into property.   Luke knows that he wants to invest in buy-to-let properties through a limited company but he’s unsure on where to actually buy.   He’s been looking into the Northern Powerhouse locations but already knows that he’s priced out of Manchester and Liverpool city centre so has been looking at surrounding towns.   This issus is that Luke is struggling to find the confidence to invest in these locations and is wondering if Rob & Rob have any advice on whether he should just go for it.   Second up we’ve got Paul calling from Dubai.   Thanks to all the free content from Propety Hub, Paul and his wife gained the confidence to invest and are about to complete on their third property in 12 months.   Pretty good going!   Paul is wondering if The Robs think that there’s potential for the government to scrap stamp duty altogether and try to claw back the lost revenue by tightening on capital gains tax.  What do Rob & Rob think?  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, and I'm Rob, and this is Ask Rob and Rob.

0:08.0

Welcome to Ask Rob and Rob, the fixture of your Tuesday where we receive two property

0:12.5

questions from listeners like you and then we provide some answers.

0:16.3

We've got questions today from Luke and Paul, but you don't need to have appeared in the

0:19.3

Bible to send a question our way, whoever you are, we make it really easy.

0:22.9

You can get involved in two ways, you can call in on 0138083035 or you can go to our website

0:31.2

and leave us a question by going to PropertyHub.net, forward slash Ask.

0:36.5

And that is exactly what Luke has done, so let's listen to his question.

0:41.2

I'd rather this Luke calling really appreciate the podcast, it's helped massively,

0:46.0

and without you guys, I definitely would not be in a position where I feel confident

0:50.7

to purchase a property. On that though, just a stumbling block, I've come across,

0:55.1

and I'm spending two years of age, I'm really keen to invest in my money, and I'm looking at

0:59.3

standard let BTL to begin with. I'll be doing this for a limited company because it benefits me

1:04.3

due to the job I do and the tax implications. I'm just struggling to pick down a location,

1:08.8

I'm looking at the Northern Tower houses, and the read for this is due to the capital growth

1:12.5

I'm hoping to benefit from. I'm being priced out of the likes and man, just in Liverpool,

1:16.6

I'm looking at therefore to the towns, but I feel like I'm sort of being a bit too iffy

1:21.3

on where I'm going to buy. I think I'm looking for the perfect property. I'm mindful of buying

1:25.2

in the wrong area due to bad tenants, but I can't seem to gauge the confidence to the buy.

1:30.5

So I'm just wondering to see if you guys can recommend on some tips on when you should know,

1:36.8

when you shouldn't take a bunch. Thank you, Luke. Great question. Everyone always wants to

1:41.2

lose the best areas, and I understand why. Now if you priced out of Manchester and Liverpool,

...

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