TPP418: Success story: buy two properties - get one free
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 18 March 2021
⏱️ 26 minutes
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| 0:00.0 | Hey everyone, Robby here with RobD and you are listening to the Propsy Podcast and we've |
| 0:06.9 | got a cracker of an episode coming up for you. A truly inspirational story from an inspirational |
| 0:13.6 | property investor. The lessons that you're going to take from this one story are incredible. |
| 0:25.2 | Welcome to the Property Podcast where every single Thursday property investors come to |
| 0:29.1 | be informed and inspired. This week it's inspiration and then some. We're telling a phenomenal |
| 0:34.2 | story. We're hearing from a Property Podcast listener who has done something that most people |
| 0:39.3 | would never do and did it at a time when most people were scared of doing anything at |
| 0:43.6 | all. And as if there were enough stick around to the end for our extra where we're going |
| 0:47.0 | to be doing something that we've never done before in eight years of the show. |
| 0:50.5 | It's time for our news story of the week or should I say our news stories because we've |
| 0:55.8 | got two related stories this week, both about the mortgage market and both really, really |
| 1:01.2 | interesting. The first Rob the headline certainly is one that grabs the attention. A new 40 year |
| 1:09.2 | mortgage product has just been released. Yeah, not just a 40 year term, which is something |
| 1:15.2 | in itself, but a 40 year fixed term. So the mortgage rate that you pay at the start |
| 1:20.2 | stays the same for 40 years, which is just crazy, isn't it? And apparently there's no |
| 1:26.4 | early repayment charge or exit fee. So you can lock in a rate for up to 40 years, but then |
| 1:30.8 | if you have a change of plans or you move or whatever, then that's fine. No penalty. So |
| 1:36.2 | it's a product that's come out from a lender called Habitaux, which is quite a niche lender. |
| 1:39.7 | This isn't an advertile recommendation for them, but just the fact that this product exists |
| 1:43.7 | and is as far as I'm aware, the first of its kind in the UK Rob is pretty significant. |
| 1:48.7 | It's crazy that there's no redemption penalty. I've only just found that out now as you've |
| 1:52.8 | said it Rob, but this is crazy, but in a good way for consumers. And they do different |
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