ASK476: How should I invest my £50k? PLUS: Is this a red flag?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 13 May 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy Tuesday! It’s time for another episode of Ask Rob & Rob, where we dive into your property questions.  (0:45) With £50K saved up for his first property investment, Paul’s looking to invest locally in the West Midlands. He’s torn between buying a flat or house, and wonders if he’d be better off looking in cheaper areas and trying to purchase two properties instead of one. He asks Rob & Rob what they’d do in his position. (5:55) Simona's in the process of buying a two-bed flat in Manchester city centre, but some red flags have popped up during conveyancing, including a big jump in service charges, a £2K deficit, and no reserve fund in place. With the seller’s solicitor slow to respond, she wonders if this is a sign to walk away. 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.
0:03.1	And this is Ask Rob and Rob.
0:06.6	Welcome back to Ask Rob and Rob. It's Tuesday. We are here once again to answer two of your questions.
0:12.3	We've got some really good ones coming up, but I'm sure you've got a good one of your own.
0:15.7	So, Rob, a quick reminder, please, of how you send your question in.
0:18.8	Oh, this could not be simpler. You just go to
0:21.5	property hub.net forward slash ask. Propertyhub.com.net forward slash ask. There, you can leave us a
0:29.5	voicemail. You can find the number to leave us an answer phone message, or you can write to us and
0:35.1	possibly see your question in the Sunday times.
0:38.5	We do not mind what method you prefer.
0:40.6	But on this show, it helps if it's audio.
0:42.5	But luckily, that's exactly what Paul's done.
0:45.1	Hi, Robin Rob. It's Paul here.
0:47.3	A relatively new listener to the podcast.
0:50.1	But I'm fairly enjoying it so far.
0:52.0	And I thought I'll come and ask you a question.
0:54.3	My question for you guys is, so my situation, I have £50,000 saved up, ready for my first
1:01.9	purchase.
1:03.1	This excludes an emergency fund, so this 50K is solely for purchasing.
1:08.8	Looking at the details, I'm going to set up a limited company,
1:12.5	and I'm looking in the West Midlands nearby where I am. I know in previous podcasts you've
1:18.1	recommended looking further afield, but for me, I feel like the house prices are obtainable,
	...

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