ASK422: Where to invest in East Anglia? PLUS: What should I do about my mortgage renewal?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 2 April 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to another episode of Ask Rob & Rob! (0:45) Luke’s gearing up to buy his first home, which he intends to live in while subletting the extra rooms for rental income. He's keen on investing in East Anglia and turns to Rob & Rob for their advice on the best places to explore, along with key fundamentals to look for in the area. (4:22) Jo’s attractive mortgage rates on her buy-to-let properties are ending soon, and her broker suggest remortgaging with the current lender due to low rental income. She plans to increase her rents, and wonders whether to invest more money into the properties to potentially get a better mortgage or follow her broker's advice. 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. Find out more about Property Hub Invest 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.
0:05.0	Hello everyone, welcome to Ask Rob and Rob, the show where you give us your wonderful property related questions and we do our very best to return with
0:15.3	answers that offer some value.
0:17.8	That format has been consistent for a long time now and we're going to continue with it today.
0:21.6	But if you want to get involved, here's how you can get on the show.
0:25.0	Yeah, it's so easy. All you have to do is go to Property Hub.net slash ask. And there you'll find all the instructions you need to send as a voicemail to give us a phone call or to submit a written
0:35.0	question for our Sunday Times column but all in the same place, properly hub.net.
0:39.6	Ask. And Luke has successfully navigated to that page and followed the instructions this week, so let's hear his question.
0:47.1	Hi Rob and Rob, Luke here from Bereson Edmonds.
0:49.6	Firstly, I just want to say a big thank you first and foremost for all the content that you
0:52.6	guys put out it's fantastic and invaluable for someone like me who's starting to
0:56.1	look at their own property portfolio yeah really enjoy it and would love to keep
1:00.1	listening to you guys week and week out my question for you today is a two-partner of sorts.
1:05.6	Firstly, I'd be keen to hear your thoughts on the best places to invest in East Anglia.
1:09.6	It's an area which I feel gets very little airtime. It comes to very high prices and I'm basing this on the fact that it's got good connections to London and there's lots of commuter towns.
1:18.0	But I'll be keen to hear if you've got any pointers in terms of the best places to look at in this area.
1:22.0	The reason I ask, I'm on track to buy my first home,
1:24.5	one which I'll live in and also rent out the extra rooms for a rental income, as this still allows
1:27.9	me to use my help to buy bonus, I think. Do you think this is a good strategy in your eyes to build equity as a single investor?
1:34.0	Keene to get your thoughts.
1:35.0	Luke, thank you for your question and I will answer it.
1:39.0	But before I give you an answer and some potential recommendations for you to look into further.
	...

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