Rob & Rob are back again this week to answer two more listener questions.
Our first caller this week is Philippa.
She’s purchased a property in Liverpool that she needs some advice on.
The property was originally listed for £110,000 which Philippa thought was a decent price for the location and size of the build.
After submitting her offer, she was told she’d been significantly outbid.
It got to the point where Philippa’s offer of £126,000 was accepted and although she was still happy with the end ROI, she couldn’t help but think that the estate agent had invented this other buyer.
So Philippa wants to know if there’s any way of finding out if there was legitimately another interested party or if the estate agent was playing foul.
Our second caller this week is Noel from London who’s got a question about releasing equity.
He purchased two derelict properties and renovated them in 2013-2015. Now he rents them out.
The loan-to-value on the properties is around 50% each and he wants to release some equity to be able to purchase more property.
However, he’s finding it hard as he appears to be at the top of the stress test based on the rental income of the properties.
He can’t increase the rent as he’s already at the top end for that area.
Will Rob & Rob have any other suggestions for Noel?
Tune in to find out.
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.
Share your thoughts on this episode – and find out what others are saying – in the Property Hub Forum.Go to the forum
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.