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The Property Podcast

ASK429: How do I handle a move to China? PLUS: Will this US court case affect the UK?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 21 May 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Ask Rob & Rob has gone international! This week we’re bringing you two more listener questions, and this time, they’re all about geo-politics, international law and how this can affect UK property investment.

  • (0:47) Adam’s work are asking him to consider a move to China, but he’s concerned about how the country’s corruption index will impact his mortgage options and if the situation will worsen. He’s hoping Rob & Rob can offer some insight into whether they think this would be too risky of a move...
  • (4:28) Noel has been listening to a US personal finance podcast, and he’s wondering if the recent class-action case against The National Association of Realtors will have a knock-on effect on the UK property market?

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Transcript

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0:00.0

Hi, I'm Rob.

0:03.4

And I'm Rob.

0:04.4

And this is Ask Rob and Rob.

0:07.0

Welcome to this special international edition of Ask Rob and Rob.

0:10.7

We've got two questions which unusually for this show are focusing on

0:14.3

geopolitics and international law, but don't worry, we have not gone way off peace, it's still property

0:19.7

related. So we'll hear those questions in just a sec, but first a reminder of how to send yours our way.

0:25.0

It is so simple my friends. You go to Property Hub.net.

0:29.0

forward slash ask where you can then phone in, leave a message via that webpage,

0:33.9

or submit your written question, which may then appear

0:37.1

in the Sunday times this Sunday,

0:39.1

or a future Sunday.

0:40.2

So that is how you do it, super simple. and that is how our first guest has got his question in let's hear from Adam

0:47.9

Hey rock and rock. It's Adam here. Thanks for 10 years of continued podcasts. It's given me a lot of guidance and allowed me to invest

0:54.6

and refurb properties with confidence from Singapore and build up a little portfolio.

0:58.6

I'm still currently employed and my company has asked me to consider a move to China.

1:04.0

Now as you know the country corruption index and being over 60th position on that

1:09.0

does have implications on mortgage applications.

1:12.0

China is in 78th position level with

1:15.7

Trinidad and Tobago. I've inquired with a couple of mortgage brokers, essentially the products

1:20.6

available to me are cut down and sometimes loan to value is

1:23.8

reduced as well. It seems like I become a subprime finance customer overnight.

...

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