ASK338: Is remortgaging risky? PLUS: Should I buy in an expanding village?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 21 June 2022
⏱️ 9 minutes
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Summary
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| 0:00.0 | Hi, I'm Rob, and I'm Rob, and it says Ask Rob and Rob. |
| 0:07.8 | Welcome to Ask Rob and Rob, it's Tuesday, we're back once again answering your property |
| 0:12.3 | questions. Well, maybe not yours, unless your name is Lucas or George, but we could answer |
| 0:16.6 | yours, couldn't we, Rob? |
| 0:17.6 | We definitely should have put those names the other way around, but it doesn't matter. |
| 0:21.2 | I'm sure the property answering force will be with us, and if you want your questions |
| 0:25.3 | answered, you don't need to use the force, you just need to use one of these methods. |
| 0:29.8 | You can call in at 0138083035 or you can go to property hub.net forward slash Ask. |
| 0:37.3 | Either way, it's super simple, so get your question in, but before you do that, let's listen |
| 0:42.2 | to what Lucas has to ask. |
| 0:44.3 | Hey Rob and Rob, just listen to my first webinar and enjoyed it. |
| 0:49.0 | Thank you very much on the talk of returns formula. |
| 0:51.4 | The question I've got is that a couple of years ago, I remorgaged the property and the |
| 0:57.9 | valuation was slightly under the original purchase price for a couple of years previous, |
| 1:04.1 | so I had to put some extra cash in when I remorgaged. |
| 1:07.6 | The concern I've got is remorgaging other properties that I own over the next couple |
| 1:12.4 | of years. |
| 1:13.4 | Price has been high, getting a good bit of leverage and getting some money back out, but |
| 1:17.0 | then when I come to remorgage again, in say two years time, five years time, prices |
| 1:22.2 | have plummeted after a crash and I've got to put a lot more money in. |
| 1:26.1 | I just wondered what your thought advice should be on that. |
| 1:29.4 | Thank you. |
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