ASK205: How many mortgages can I apply for at once? PLUS: Should I invest in Scotland?

We’re back with another episode of Ask Rob & Rob, and the first question this week is from John.

John would like to know how many mortgage applications he can have on the go at any one time. He’s looking at buying 3 buy-to-let properties but is concerned about the effect that 3 different buy-to-let mortgage applications could have on his credit file. 

Is John right to be wary of multiple applications? Will these multiple marks on his credit file make a difference to his applications - and more importantly, could it cost him the mortgage product he’s wanting to go for?

Listen as Rob B talks through what is likely to happen and find out how John can manage the impact of multiple mortgage applications. 

The second question came in from someone who didn’t leave her name, so we’re calling her Pauline. 

Pauline has recently been inspired by Mark who’s gone from 0-10 properties in 5 years. She loves the podcast but would like Rob & Rob to have more of a focus on Scotland, which is where she’s interested in investing. 

We have previously done a whole episode on investing in buy-to-let property in Scotland where The Robs talk through the best places to invest and cover the property buying process - which differs vastly from those in England. 

But what other nuggets has Rob D shared with Pauline about investing in Scotland? You’ll have to listen to find out.

And don’t forget to tune in next week for another two questions on Ask Rob & Rob.

 

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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