ASK174: Why are these Liverpool flats so cheap? PLUS: How do I avoid becoming a mortgage prisoner?

This week on Ask Rob & Rob, you’re in for a whole load of cracking advice off the back of two great questions from avid Property Podcast listeners, Wilson and Val.

First up we have Wilson who’s keen to ask Rob B a question about a location that’s very close to his heart - Liverpool! Wilson has noticed that certain property prices in Liverpool have dropped in value since they sold back in 2007.

Naturally, Wilson wants to know if the next phase of the property cycle is likely to improve these prices.

Without being too biased, Rob B admits that Liverpool is massively underpriced at the minute, one of the main reasons The Robs pegged it as one of their 2019 property investment hotspots. But he offers some sound advice on thorough due diligence when looking at less popular areas and what to expect. If you’re looking for a great location to invest in this year, this is a great podcast listen for you!

The second question this week comes from Val who is concerned about falling into the trap of becoming a mortgage prisoner.

Listen as Rob D takes charge, reiterating some basic points that were covered in episode 308 of the Property Podcaston getting a mortgage.

Why should Val stick to a 75% loan to value mortgage? What other actions would The Robs recommend Val take to avoid being a mortgage prisoner? Hit play to find out.

If this week’s property investment knowledge bombs weren’t enough for you, head over to the Property Hub Universityand take part in the free online courses we have available.

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 on013 808 00035 and leaving a messagewith your name and question (normal UK call rates apply).

 

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The next question on Ask Rob & Rob could be yours.

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