ASK460: Is this plan too risky? PLUS: Can I avoid stamp duty?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 21 January 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy Tuesday! It’s time for Rob & Rob to answer two more great questions from our listeners! (0:40) Sarah owns two buy-to-let properties with a total value of £700k and 50% equity in each. She’s debating taking £50K from the properties to combine with her savings to buy a third property. Worried it’s too risky, she turns to Rob & Rob for their advice. (4:08) Currently a homeowner, Chris is looking at buying a second property to rent out. But with the increased stamp duty for second properties, he asks if there’s a way to avoid it or if it’s just something landlords must absorb. 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.
0:03.2	And I'm Rob. And this is Ask Rob and Rob.
0:06.6	Hey everyone, welcome to Ask Rob and Rob, the show where we answer your questions about
0:12.0	your property. So let's get your questions in now. Rob, please direct our wonderful people
0:18.4	to where they can get their burning questions answered.
0:21.3	Yeah, could not be easier. Just go to property hub.net slash ask. There you can leave us a voicemail
0:26.7	or if you want to appear in our Sunday Times column, you can send us a written question there as well.
0:31.0	So both at property hub.net slash ask. But we love people who leave us a voicemail because that means
0:35.5	we can answer them there here on this show.
0:37.9	First up, we've got a question in from Sarah.
0:41.2	Hi, Rob and Rob.
0:42.3	This is Sarah calling from Hong Kong.
0:44.4	I'm a long-time listener and I found your advice to be super helpful over the years in
0:48.2	supporting my bi-to-let investment decisions.
0:51.0	I have a question.
0:52.4	I have two bi-to-let properties that were a combined value of approximately
0:56.5	500,000, and I've now gone up in value and have a combined value of approximately 700,000.
1:03.2	With the increased value, my equity in both properties is about 50%. I have some savings,
1:09.1	but not enough for a deposit for a new property. So I'm thinking
1:13.2	to take your advice and release approximately 40,000 or 50,000 pounds worth of equity to combine
1:19.0	with my savings and use as a deposit to buy a third property. My concern is if I'm being too
1:25.5	aggressive or not, if I'm taking on too much deaths or not,
	...

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