Rob & Rob are back again this week to answer two more fantastic property questions from two of our listeners.
This week our first question comes in from Luke in Manchester, who’s been inspired by The Property Podcast to get started in his investment career.
Luke is in a situation that most people are probably in when trying to start their buy-to-let journey. He’s looking to purchase his first personal home and an investment property at the same time.
At the minute he’s only going to have enough funds for one mortgage so he’s considering buying a two bedroom apartment (or house) and is looking to rent out the second bedroom. But he has a few questions around this:
Is there a particular mortgage he’ll need to enable him to do this? How much stamp duty will he have to pay? Are there any other considerations? ...and is this actually a good idea?Find out what Rob D thinks of this idea and if it’s actually doable. Maybe this could work for you as well.
Our second caller is Sally who has a question about stamp duty. She’s changing her residential home to a buy-to-let so that she can buy a new house with her partner.
She’s been given two different sets of figures from her solicitor and mortgage broker in terms of how much stamp duty she’ll pay. One is saying £2,200 and the other £9,250!
Obviously that’s a huge difference so Sally wants this clearing up.
So, is Rob B about to put her mind at rest or burst her bubble?
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.
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