ASK48: Should I pay more for a company mortgage?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.8 • 2K Ratings

🗓️ 26 July 2016

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week's episode, Rob & Rob talk about getting a mortgage when you're not yet a property owner. Rob B says that there are a lot of mortgage lenders out there, but as a non home owner, and not yet a property investor, the pool of products available are actually quite small. Rob B goes on to say that in 6 months time there will be more options. Both Rob and Rob discuss the options available to you and say how important it is to have a good mortgage advisor. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hello I'm Rob and I'm Rob and this is Ask Rob and Rob.
0:07.0	Welcome to another episode of Ask Rob and Rob. It's Tuesday. That could only mean that you
0:17.0	have got a question for us and we have got an answer for you. Anna is this week's question
0:22.2	ask her. She's got a question about mortgages that I'm
0:25.1	sure will be shared by a lot of people. But before we hear Anna's question
0:29.2	what if you want to ask your own? How do they do it Rob? Well they call a telephone number I've yet to
0:34.0	memorize so read from a script every single week and that number is
0:37.8	013 808 triple 035 that's 013, 808, triple 035. Of course, normal rate supply or if you want to do it through
0:48.1	the old interwebs, you can go to the Property Hub.net.
0:51.5	forward slash podcast. That's exactly what Anna did.
0:55.0	So let's listen to her question.
0:57.0	Hello Robin Rob.
0:58.0	What a great job.
0:59.0	Thank you for the Property Podcast and all the books, honestly, great materials. I have been listening to
1:06.2	the podcasts for quite some time and I have a question. I'm just about to buy my first buy to let property in the UK and I know I should be going with the buy to let-let mortgage ideally buy-to-let for business.
1:25.0	However, my mortgage broker is convincing me to go with so-called cheaper option,
1:32.0	which is buy- let mortgage for an individual.
1:37.2	What are the implications? What do you think is best to do? I would like to build my property portfolio and I'm a little stuck on that so if you
1:46.0	could comment that would be amazing thank you.
1:48.0	Tricky situation Anna and great question it may sound like quite a neat, but actually this is one I come across quite a lot because you want to get into Bitala property, but you are yet to own any properties of your own.
2:00.0	So why is that a concern? Well you are going to be limited on the amount of
2:05.6	mortgage companies and providers that will lend to you. So as we've talked
	...

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