ASK302: Can I remortgage after buying with cash? PLUS: Why would I use leverage in my situation?

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.8 • 2K Ratings

🗓️ 14 September 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rob & Rob are back to answer some more listener questions! Our first question is from Paul and it’s a great one. Paul is looking to buy a property with a tenant in-situ, but one of the terms is that it’s a ‘cash only’ purchase. What Paul wants to know is whether this would affect his ability to remortgage as he was hoping to draw back the cash to reinvest elsewhere. The next question is about leverage. Our listener is going to be retiring early soon and is wondering what do to with the cash he gets. He’s planning on buying one or two houses and living off the income. However, as an avid listener he knows Rob & Rob frequently talk about the power of leverage, but he wants to know why you would bother with a mortgage if you can buy property outright with cash. Tune in to find out what Rob & Rob have got to say. 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.
0:08.1	Welcome to Ask Rob and Rob, it's that time again, we've got more questions and more
0:13.0	answers coming up.
0:14.0	We've got a couple of really interesting ones this week, so we're not going to leave you
0:17.2	waiting long till you can hear those, but it is worth, first of all, giving you a quick
0:20.5	reminder of how to send in your own wonderful question.
0:23.2	Yes, you can go to our lovely Shiny website, property hub.net, forward slash, ask, and
0:29.9	leave a message there, or you can call this very special number, which will then mean
0:35.7	that the, in the office, a big red phone will light up, and no one will answer, and it'll
0:40.4	get sent to a voicemail.
0:42.0	But that's all you need to do, you call 0 and 3 808 triple 035, and you will get to that
0:48.6	very special voicemail.
0:49.6	Now, this week we've got two questions in, one from Paul, and the other person hasn't
0:54.7	given us their name, so we'll call them John.
0:59.0	Hi Rob and Rob, Greg podcast, really enjoyed country night with you guys a bit week, some
1:04.4	really good breakdown of some involved and complicated matters sometimes, really, really
1:10.3	good the way you guys convey to everybody.
1:13.4	Question for you is looking to property, which has a tenant in situ, requirement is cash
1:20.0	only purchase.
1:21.0	I wanted to tell you guys about what I should be looking out for, and where are some of
1:27.3	the questions already concerning the consistency, agreement, inventories, but also would like
1:34.2	to understand, if I pay cash, is there anything that then prevents me from remodeling the
	...

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