This week on Ask Rob & Rob, John asked:
Is this a good strategy for a newbie?
This question is specifically about delayed completion – where you pay a certain amount up front, (generally 10%, but this is negotiable) and cover the mortgage for a period of time before you complete. It also mentions option to buy, which is a little different, in that you take over the property but within a set time period you can buy it, although you don’t have to.
The advantage of understanding these strategies is the variety of options they give you, but there are downsides too. They’re not straightforward strategies, and therefore not recommended for newbies. A sensible tactic would be to talk to more people, come to Property Hub meetups, and canvas opinion about other strategies and what the best options are for you.
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