ASK385: I'm making a loss - what should I do? PLUS: What do I do with my deposit?

ASK385: I'm making a loss - what should I do? PLUS: What do I do with my deposit?

By Rob Bence and Rob Dix from The Property Hub

Rob & Rob are back and they’re answering more listener questions! 

(0:39) The mortgage on David’s terraced house in East London is up for renewal soon, and with current interest rates, his payments are going to triple, causing him to have a negative cash flow. Should he stick with it at the capital appreciation is going to outweigh the short -term pain or should he cut his losses now?  (5:32) Tom’s currently purchasing a property and once the sale goes through, he’ll have around £20,000 left. Tom wants to know what the guys would do with the money whilst he continues to save for another deposit – how can he get his money working for him? 

Enjoy the show? 

Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead

See omnystudio.com/listener for privacy information.

-
-
Heart UK
Mute/Un-mute