ASK199: Are repossessed properties mortgageable? PLUS: Are you sure there won't be a post-Brexit crash?

This week on Ask Rob & Rob, we have the B word again - and the R word. So if you’d like to know more about Brexit or repossessions, this is the podcast episode for you! 

First up we have Christiano. He’s wanting to know if he was to go ahead with a repossessed property, will it be mortgageable once he’s bought it?

He’s also wondering if Rob & Rob have any advice on what tactics he should use when looking to get the best deal on a repossessed property. 

It’s good news for Christiano!

Listen as The Robs explain why mortgages shouldn’t be an issue with repossessed property as financial issues sit with the previous owner - not the property. 

However, if he’s looking at bagging a cracking deal, it might not be all plain sailing. The vendor has a duty (to the lender) to achieve the maximum price they possibly can - so does that mean that getting a great deal is dead in the water? 

Find out what Rob D has to say. 

Our second question comes in from Baz who’s still concerned about Brexit and is contradicting The Robs’ views.

Baz is seeing quite a steep rise in house prices in Birmingham (which doesn’t seem consistent with the growth he’s been witnessing over the past four years).

He’s putting it down to the fact that there’s not a lot of choice on the market and he’s being significantly outbid by owner occupiers on properties he’s been looking at. 

So now he’s being cautious about buying any property within the next six months.

Ultimately, he’s wanting to know how confident Rob & Rob are that there won’t be a market crash the minute we get a deal with the EU. 

It’s a great question, and probably one which many other listeners will want to know the answer to. Tune in to find out what The Robs have to say. 

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). 

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

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