Should my first purchase be my own home? PLUS: What’s wrong with Leicester?

We’ve got two great questions for you on Ask Rob & Rob this week.

Our first caller is a first time buyer. He wants to know whether he should buy his first home to live in or invest in a buy-to-let property. He also wants to know if there would be any ramifications if he purchased a buy-to-let property before his own residential home.

Rob D takes the lead on this one as the answer will purely depend on personal situation. The Robs always tell investors to take the emotion out of property when investing, but is Rob D going against his own advice here?

Our second question is from Jess who wants to know what’s wrong with Leicester. She thinks prices don’t do very well here and wants to know why there’s never any growth.

Rob B has a look and finds that Leicester prices are actually up 47% over the last decade – it’s outperformed the likes of Leeds, Liverpool and Birmingham. Yes it’s average performance – but he delves into why in today’s Ask Rob & Rob.

Does this highlight the need for us to understand market performance rather than just analyse house prices? We think so!

Have a listen and let us know what you thought of today’s Ask Rob & Rob.

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving 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. The next question on Ask Rob & Rob could be yours.

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

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