The Property Podcast

Welcome to another jam-packed Ask Rob & Rob - that time of the week where you fire your property investment questions at us and we fire our opinions straight back at you. The first question this week is from Sean. He’s been listening to The Property Podcast for over a year (thanks Sean!) and has been loving the content so far. Sean is 28 and in June 2015 he purchased a 2-bedroom apartment in one of the most prestigious buildings in Manchester city centre, complete with a balcony and parking. Fast forward a few years and Sean has purchased another property which he wants to live in.   He has a bit of a dilemma: he wants to keep his old Manchester city centre property as a buy to let but isn’t sure. Here’s the rundown: Value: £370,000 Outstanding mortgage: £280,000 35 year repayment mortgage quote approx. £1,000 pcm Service charge: £400 pcm Rental forecast: £1,400-£1,500 pcm   Sean believes that capital growth in Manchester has a fair distance to go and would like to keep hold of the apartment but