The Property Podcast

ASK345: Can I renegotiate this purchase? PLUS: Is it time to ditch my ISA?

Informações:

Sinopsis

Rob & Rob are back with more listener questions and wow, we’ve got some cracking ones for you this week.  Getting us started is Ben.  Ben is currently looking to purchase his second buy-to-let, but after completing a survey on the property, he’s been told that there’s around £11,000 worth of repairs needed on some damp and the roof.  What Ben would like to know is, does this give him the chance to renegotiate the purchase price?  The original offer was a good one and slightly over market value, but with the potential cost of work hanging over his head, he’s thinking that what started off as a good deal, will become a bad one.  Should he try and knock the costs off the purchase price?  Next up we’ve got a question from Alex.  After listening to the podcast, Alex and his wife first took the plunge to invest back in January 2020 and they’re currently completing on their fourth. Today they’re hoping Rob & Rob can help them with the sticky situation they’ve found themselves in.  We all know that inflation