ASK480: Is it a good time to flip? PLUS: My house is worth £500k, do I need to pay more tax?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 10 June 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s time for your latest edition of Ask Rob & Rob... (0:41) Joe has three rental properties, each worth up to £350k — one mortgage-free and two with interest-only loans. With strong rental income, he’s keen to start using the equity to flip properties and asks Rob & Rob for advice on where to start and what kind of returns to aim for. (4:15) Ed’s successfully growing his portfolio, purchasing high-end buy-to-let properties through a limited company. But after coming across the Annual Tax on Enveloped Dwellings (ATED) he wants clarity on how the five-year valuation rule works, when returns are due, and whether standard landlords can claim relief. 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. And I'm Rob. And this is Ask Rob and Rob.
0:04.9	Welcome to Ask Rob and Rob. It's the show where we answer your property questions. And the show, of course, starts with you. So we'd like to make it really simple for you to send your questions our way.
0:16.4	We do head over to Propertyhub.com.net forward slash ask. That's propertyhub.com.net forward slash ask that's property hub.net forward slash ask there you can
0:25.1	leave us a message you can call us and leave a voicemail if you prefer or if you want to write in
0:30.6	with your question we have our wonderful column in the Sunday times each and every Sunday
0:35.0	in the home section so if you want to get your question in that
0:37.9	way, you can as well. Let's kick off with a question in from Joe. My name is Joe. Myself and my wife
0:44.3	have three rental properties. They are each worth between three and three 50. One of them is
0:50.2	completely paid off. Two of them have interest only mortgages. About half the value of the house,
0:54.9	they all get between 1,000 and 1,200. We'd like to start using some of that equity, either selling
1:01.7	some of the houses. We're not sure which one, or take it equity to develop properties, sell
1:07.3	properties, you know, flip properties ultimately, we're wondering what you would
1:11.2	recommend, how best to go about it, if it's a good time to do it, and what sort of end of the
1:17.0	market to go in at, how much we'd be looking at making each property and anything, really,
1:21.9	any kind of advice at all, would be brilliant because, you know, I'm looking at potentially
1:26.4	either leaving my job or else going
1:29.2	part-time.
1:29.9	Okay.
1:30.5	Thank you.
1:31.2	Joe, thanks for your question.
1:33.4	Now, this will all come down to your goals.
1:39.1	Yes, I'm sure long-time listeners will have already started shouting out the answer to this
	...

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