ASK415: What can I do about my short lease? PLUS: I'm paying too much tax!
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 13 February 2024
⏱️ 8 minutes
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| 0:00.0 | Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob. |
| 0:07.0 | Welcome back. It is Tuesday. It's Ask Rob and Rob time. |
| 0:10.0 | And so we are going to be answering two more questions for our lovely listeners. |
| 0:14.4 | We love receiving your questions and that's why Rob we make it really easy to send them over. |
| 0:18.4 | We certainly do. |
| 0:19.4 | We have one place where you can get your questions in whether you want it on Ask Rob and Rob or in the Sunday times, |
| 0:24.4 | just go to Property Hub.net. |
| 0:26.1 | Go to property hub. Go to ask. Get your questions in there. You can do it for your computer, your phone, or just |
| 0:31.5 | type us your message. Whatever medium you prefer, we've got you covered. |
| 0:35.0 | And because we make it so simple, we've got two more great questions in today. |
| 0:39.0 | And first of all, we are feeling the love from Gary. |
| 0:42.0 | Hi Robin Rob, love you both. |
| 0:45.0 | Thank you so much for all the help you've given over the years. |
| 0:48.0 | My question is, I bought a flat with 65 years left on the lease at a discount price. |
| 0:54.3 | Two years is up now, so I can now force them to give me a new lease. |
| 0:59.0 | My two-year fixed has run out, so I've gone on to the follow-on rate I think it's 11%. Do I hold |
| 1:08.1 | tight and wait for the renters reform bill to kick in and hopefully hope to God that they get rid of |
| 1:14.3 | marriage value and save an awful lot of money that way or do I just get on and |
| 1:19.8 | push the new lease through to get a new mortgage rate and get the figures down. |
| 1:25.0 | Because at the minute I'm propping it up by about 100 pounds a month because of the new follow-on |
| 1:29.5 | rate which I'm happy to do but all the same. Any advice is welcome. Thank you. |
| 1:36.0 | Gary, thank you for your question and ouch that is one heck of a mortgage rate isn't it? |
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