Hi, I'm Rob.

And I'm Rob and this is Ask Rob and Rob.

Welcome to Ask Rob and Rob. It is that mainstay of your Tuesday where we have two questions and we give two answers.

We have some great questions coming up today. But first, a quick reminder of how you send in a question of your own.

Yes, this is super, super simple whether you want to appear in the Sunday Times or be featured on this very podcast, the same destination as where you need to go.

And that's propertyhub.com.com.

You can leave your questions there in a variety of ways.

And once you have, you may get your question answered.

Okay, so let's listen to our first question in from Luke. Hi, Rob and Rob. I've only just started

listening to your podcast. I've just bought my ninth rental in a limited company. Just heard one of your

listeners asking about bridging loans. And I've just bought a property that was rented out and managed by a

letting agent, got a mortgage on it. And when the valuer came round, they deemed it unfit to live

in despite the fact someone was living in it. And it's become apparent now that the lenders

for rentals on limited companies, unless the property is fit to rent within two weeks,

you will not get a mortgage. So my mortgage broker now has said that most of his clients are

using these bridging loan mortgages to buy the initial property, do the property up,

then remortgage. You're usually paying nine or 10% and that you will pay 6 to 12 months of the rent in advance,

which you can then claim back.

So if you get your property done in three months,

you then claim back nine months rent if you pay 12 months.

So they're very expensive.

He said that also they allow the exchange is much quicker.

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