Podcast

ASK166:

Should I re-finance or sell? PLUS: When will London pick up?

We’re back again with two great questions on this week’s Ask Rob and Rob podcast.

Andrew’s question is first up and he asks Rob & Rob whether he should re-finance or sell his two properties. The details are below:

  • Two properties, one worth £300,000 and the other worth £200,000
  • Outstanding mortgage: £100,000 on each with £300,000 total equity available
  • One rents for £1,000 pcm and the second for £750 pcm
  • 15 year repayment mortgage on both

Andrew explains how he just breaks even each month and that his properties aren’t achieving a good ROI. However he has made £100,000 in capital growth over the last 5 years, so it’s not all bad!

Should Andrew re-finance both to interest only mortgages and release about £100,000? Or should he sell one or both and have up to £300,000 to invest on more sensible investments with a higher ROI?

The next question is from Scott, who wants to know whether he should be investing in Northern Powerhouse cities, or whether London is still a good place to invest. Rob & Rob discuss the best time to invest in London based on the 18 year property cycle.

Press the play button to listen!

Do you have a property-related question for Rob & Rob? Whether you’re a first-time investor or a seasoned pro, you could feature on our next episode. Just call 013 808 00035 and leave a message with your name and question (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

How to listen

Subscribe in your favourite podcast app to get every episode automatically sent to your phone.

Get involved

What do you think?

Share your thoughts on this episode – and find out what others are saying – in the Property Hub Forum.

Go to the forum

Get on the show!

Did you enjoy this episode? Then please leave us a review: it’s the best way to say thank you, because it helps others find us.

To show our appreciation, we’ll read out your review on the show! Learn how to leave a review in Apple Podcasts.

You might also like...