Ask Rob & Rob #389

Should I get a repayment mortgage? PLUS: Are purchase lease options a good idea?

It’s time for some more listener questions: 

  • (0:38) Tom is looking to build passive income with a portfolio of buy-to-lets. He currently owns a 1-bed in Bath city centre, and he’s got 70k to invest; should he get another 1-bed studio flat in Bath with a repayment mortgage, or should he get an interest-only mortgage so that he can save for a third property quicker?
  • (3.52) Billy’s property mentor has recently discussed the idea of purchase lease options – this isn’t something he’d previously thought of, so he’s come to Rob & Rob to get their thoughts.  

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