ASK301: Should I remortgage my portfolio to pay off my own home? PLUS: How can I find out about ground rent?

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.8 • 2K Ratings

🗓️ 7 September 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Get ready for some more listener questions! Rob & Rob are back, and this week they’ve got some pretty interesting ones. Our first question is from Steven. Steven has a portfolio of six properties, and his residential mortgage is due for renewal next year. What Steven would like to know is whether he should remortgage his portfolio to pay off his residential home or should he use the rental income he generates instead? Next up is Becky from Stockport. Becky has been viewing some leasehold properties and she would love to know if there’s anywhere online where you can download copies of leasehold agreements, as she quite often struggles getting information about ground rent from her letting agents. 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

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0:00.0	Hi, I'm Rob and I'm Rob and this is Ask Rob and Rob.
0:08.6	Welcome to Ask Rob and Rob, it's that time again, we've got more questions and more
0:13.5	answers coming up.
0:14.5	We've got a couple of really interesting ones this week, so we're not going to leave you
0:17.7	waiting long till you can hear those, but it is worth, first of all, giving you a quick
0:21.0	reminder of how to send in your own wonderful question.
0:23.6	Yes, you can go to our lovely Shiny website, property hub.net, forward slash, ask
0:30.1	and leave a message there.
0:32.3	All you can call this very special number, which will then mean that the in the office
0:37.5	a big red phone will light up and no one will answer and it'll get sent to a voicemail.
0:42.5	But that's all you need to do.
0:43.8	You call 0 and 3 808, triple 035 and you will get to that very special voicemail.
0:50.8	And that means you'll appear on the show and that's exactly what Stephen and Becky have
0:55.2	done.
0:56.5	Hi Rob and Rob, my name is Stephen.
0:59.1	Thanks for your great podcast and all the good content you put out there.
1:02.0	Keeps me going through my long boring shifts at work.
1:05.5	My question is, I'm currently in my midfilties, my residential mortgage is due for a new
1:11.1	old next year, coming to the end of a five year term.
1:15.0	With residential mortgages being so cheap, should I re-mortgage my bike to let portfolio,
1:22.3	which currently has six houses in, three of them which are 50% below a loan to value,
1:29.0	two lower than 60% loan to value and one of them is paid for outright.
	...

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