ASK448: How do I avoid New Build scams? PLUS: Do I really need a solicitor?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 1 October 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy Tuesday! We’ve got two new great questions to tackle – let’s dive in! (0:42) Johnny’s looking to sell his London properties and reinvest in areas with better growth potential. He’s interested in off-plan developments but is concerned after hearing about scams involving unreliable developers. Johnny asks Rob & Rob how he can ensure the developer is trustworthy and what due diligence he should do to protect himself from any potential risks. (5:25) Gary’s wondering if he really needs a solicitor to review the mortgage for his limited company and break down all the details, or if it's straightforward enough to handle on his own. 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

Transcript

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0:00.0	Hi, I'm Rob.
0:03.0	And I'm Rob.
0:04.0	And this is Ask Rob and Rob.
0:06.0	Hey everyone, welcome to Ask Rob and Rob, the show where you give us your questions,
0:10.0	often property related, but sometimes delves into economics and business.
0:14.4	We don't mind, but what we do require you to do is actually submit your questions.
0:19.8	So Rob, should we give everyone a reminder?
0:21.5	Oh yeah, very simple.
0:22.6	All you've got to do is go to Property Hub.
0:24.6	That's it.
0:26.6	Well, it's not yet, because going there isn't going to do the job.
0:28.2	You have to go there.
0:28.7	Then you have to leave us a voicemail, or you have to fill in a little form to send us a written question for the Sunday times
0:35.6	but it all starts by going to Property Hub.net slash Ask which is exactly what Johnny has done.
0:41.5	Hi Robin Rob. My name's's Johnny from Leighton Buzzard.
0:45.0	I've been listening to your podcast for about a year now.
0:47.0	I really wished I tuned in a bit earlier.
0:49.0	We have a couple of properties in London that we're looking to sell
0:52.0	so that we can reconfigure a portfolio in areas that have probably better prospects for a property investment.
0:58.0	So looking at areas such as North England and Midlands.
1:01.0	Now, a friend of mine recently put down a large deposit for an apartment in the north based on plans for a new development.
1:08.0	Turns out it was a big scam and the developer went bust.
	...

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