ASK288: Should I consider this ratio when buying? PLUS: Can I finance a refurb with an offset mortgage?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 8 June 2021
⏱️ 8 minutes
🧾️ Download transcript
Summary
Transcript
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| 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. It's that time again. We've got two wonderful questions |
| 0:12.0 | from two wonderful listeners and we are going to provide the best answers we can. Now before |
| 0:16.6 | we get going with this week's Ask Rob and Rob, you may have noticed that there wasn't |
| 0:20.8 | an episode of Ask Rob and Rob last week or other there was, briefly and then there wasn't. |
| 0:25.8 | The reason for that is that I made a mistake in one of the answers that we gave. So as |
| 0:30.8 | soon as we noticed, which was after a few hours of being published, we pulled it down. However, |
| 0:35.1 | if you did hear it in those few hours while it was up, I think it's worth setting the |
| 0:38.8 | record straight. So the question was about stamp duty and I said that if you owned property |
| 0:45.0 | in a limited company, then bought a residential property, you'd have to pay the search |
| 0:49.3 | charge on that residential property. That was incorrect. If you own properties in a limited |
| 0:54.8 | company, however many you own in that company, and then you buy a residential property, |
| 0:59.5 | which is the first property in your own name, then you'll not have to pay the search |
| 1:03.2 | charge on that residential. So I'm sure there will be people who will be much happier |
| 1:07.4 | with that answer than the one that I actually gave in the podcast, wrongly. So sorry if |
| 1:11.3 | I caused a bit of panic there. Like I said, we took the episode down as quickly as we |
| 1:14.5 | could, but now we've set the record straight. So we can get on with this week's episode. |
| 1:18.1 | After this quick recap of how you send your own question in. Yes, it's super simple. |
| 1:22.4 | There's two options you can go to property hub.net, forward slash ask, and you can record |
| 1:28.0 | a message there nice and simple, or you can call in on our hotline. Sounds more glamorous |
| 1:33.3 | when you call it a hotline rather than a voicemail. And it's 013 808 triple O35, which ever |
| 1:39.9 | option you choose, you just leave a message. And then hopefully, in the not too distant |
... |
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