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The Property Podcast

ASK89: What's the best way to keep builders on track? PLUS: How do interest-only mortgages work?

The Property Podcast

Rob Bence & Rob Dix

Business News, Education, News, Investing, Business

4.82K Ratings

🗓️ 15 May 2017

⏱️ 10 minutes

🧾️ Download transcript

Summary

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Two listeners... ...ask Rob & Rob...What's the best way to keep builders on track? PLUS: How do interest-only mortgages work? ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. NEED MORE ANSWERS? The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors. Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way. Just don't hang around - there are only four Summits each year, and just 16 places available at each! Interested? Click here to find out more. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob, and I'm Rob.

0:03.0

And this is Ask Rob and Rob.

0:07.0

Yes, thank you for joining us on Ask Rob and Rob. This is the place where property questions come to be answered.

0:16.4

We've got a couple of great ones in from Joanna and Tom this week,

0:20.1

so we're hearing those in just a sec, but first Mr B, just in case anyone doesn't know by now,

0:25.3

give us a quick reminder of how people can ask their own questions.

0:28.1

Very simple. Call this number,

0:33.0

leave a message on the answer phone, and we'll answer it. That number is 013, 808,00035.

0:37.0

That's 013, 808,00035.

0:41.0

Or, if you're on your computer, feel free to go to the Property Hub.

0:45.0

dot net forward slash ask and you can leave a recording via your computer that way too.

0:50.0

Both simple, both easy, that's exactly what Joanna's done.

0:54.3

Hi Robs, my name is Joanna and I have a few questions around

0:59.2

building an extension on a property that we've just purchased. Firstly, could you recommend any books or websites

1:09.0

which will explain to us what we should expect from builders on the jobs.

1:13.0

For example, what's the various stages involved in the building of an extension or any building works on a house?

1:19.0

Secondly, what are the key questions that I should ask the builders when they come round to leave for the first chat?

1:28.0

I mean the salesman always seem really nice but I need to know what are the real questions to ask so that I can to ensure that I can go for the best man for the job.

1:38.0

Finally, how can I ensure that the builders will come back to rectify any problems like say one year later or so if the sunlight begins to leak etc?

1:51.0

Do we, is this included in the TNCs or do we usually withhold money for a period of time?

2:00.0

Please let me know.

2:02.0

Oh and also, is it better to hire a firm that contracts out all the jobs to the various tradesmen?

...

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