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The Property Podcast

ASK400: Time for a new strategy? PLUS: Do I need a special mortgage?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 3 October 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

It’s the 400th edition of Ask Rob & Rob!  (0:44) Marcus is looking to expand his portfolio and he’s wondering if it’s time to move away from his usual strategy of buying desirable properties in desirable areas. He usually focuses on these properties as he knows they’re good for capital growth, but whilst rates are high, he could be making a loss. So, is it time to switch us his strategy?  (3:54) Harry is working in London and he’s looking to buy a property in a few years. He’s wondering, if he lives in the property and rents out one of the rooms, will he need a buy-to-let mortgage or a residential mortgage?  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

Hi, I'm Rob, and I'm Rob, and this is Ask Rob and Rob.

0:07.5

Welcome to Ask Rob and Rob, thank you for joining us for two more listener questions

0:11.4

and two more answers.

0:13.3

Those questions coming up in just a sec, but it's so easy Rob to send your question

0:17.4

away.

0:18.4

It certainly is, we've collected it in all one lovely place for you.

0:21.7

If you go to propertyhub.net for slash ask, you can find our number, you can leave a message

0:26.6

directly there, and you can also leave questions for our weekly column in the Sunday times.

0:32.1

What a lovely collection, and you could do it all at propertyhub.net for slash ask.

0:37.8

So if you have a question, make sure you get it in there.

0:40.3

But let's not listen to someone who has followed that process to a tea, that's Marcus.

0:44.7

Hi, Rob and Rob, big fan of the show, definitely, it's the only one that I actually listened

0:49.0

to regularly.

0:50.0

So yeah, definitely the best property podcast in the UK, in my opinion.

0:54.2

One of the strategies that's been very, very effective for you has been buying desirable

0:59.6

properties in good areas that have good capital growth, and of course come with fewer problems

1:04.2

from tenants.

1:05.2

Of course, one of the costs that comes with that is a slightly lower yield compared to

1:09.2

the cheaper properties, but you'll make that back usually on capital growth, and that's

1:13.3

been a great strategy for many, many years.

1:15.8

As a landlord who's seeking to expand my portfolio, I'm curious as to your view on this, many

1:21.1

of those higher-end properties now have, because of the cost of credit, become loss-making.

...

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