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The Property Podcast

ASK385: I'm making a loss - what should I do? PLUS: What do I do with my deposit?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 20 June 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Rob & Rob are back and they’re answering more listener questions!  (0:39) The mortgage on David’s terraced house in East London is up for renewal soon, and with current interest rates, his payments are going to triple, causing him to have a negative cash flow. Should he stick with it at the capital appreciation is going to outweigh the short -term pain or should he cut his losses now?  (5:32) Tom’s currently purchasing a property and once the sale goes through, he’ll have around £20,000 left. Tom wants to know what the guys would do with the money whilst he continues to save for another deposit – how can he get his money working for him?  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead.  See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello everyone and welcome to Ask Rob and Rob, the show where you get your questions

0:11.2

in and we give you our best efforts at an answer and that format has been running for

0:15.7

a lot of episodes now.

0:16.7

Let's a popular one, so let's continue that road show and remind you how you can get

0:22.1

involved and get your very own question answered.

0:25.2

Yep, oh so simple, give us a call on 013 808 0035 or go to property hub dot net slash

0:32.2

ask.

0:33.2

Just come up with your question, send it over and you'll soon have your answer.

0:36.4

Okay, so let's listen to our first call in from David.

0:39.8

Hi Rob and Rob, it's David from Northampton here.

0:43.7

I love your show, I listen to you every Tuesday and Thursday on my way to work and I really

0:48.4

appreciate to all the insightful and original content you guys put out there.

0:53.2

I've got a question about negative cash flow.

0:56.3

My wife and I have earned a tennis house in East London for a number of years, I've

1:00.7

been told years isn't the best, but it's an airport folio for capital appreciation and

1:06.0

the interest rates have been so low for the last few years we've been able to make a good

1:09.7

then to then come from it too.

1:11.6

The issue we have is that in a few months time our current mortgage deal comes to an end

1:16.6

and to leave finance we're going to be looking at a rate that will affect the beach to

1:19.8

pull out monthly interest payments.

1:22.6

The interlinkum that we're achieving is already in line with the market in the area so even

1:27.0

if we can make another small increase our interlinkum is no longer going to cover our outgoing

...

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