The Property Podcast
ASK281: The rental stress test has me trapped - what should I do? PLUS: Am I competing against a phantom buyer?
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:07:48
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Sinopsis
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 r