Rob & Rob are back to answer more of your questions!
The Bank of England have been increasing interest rates, and there’s no signs of this slowing down anytime soon – that's why Tom wants to know what he should do about his mortgage.
One of Tom’s properties is on a 5-year variable rate mortgage with the possibility to leave at any time with no fees.
With the potential for interest rates to continue to soar Tom wants to know “Is now the time to switch to a fixed-rate mortgage?”.
Next up, we’ve got a question from Shaz in Derby.
He’s currently looking at purchasing a tenanted property, where the tenant is on a rolling, short-term contract. Shaz isn’t too impressed with the rent they're paying though, as it’s around 20% under market value.
He wants to know what his options are, and the best practice for raising the rent to meet the current market value.
Tune in to find out what advice the guys have got this week.
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).
Or if you prefer, click here to leave a recording via your computer instead.
The next question on Ask Rob & Rob could be yours.
Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So, get yourself over and introduce yourself.
And if you’d like to find out more information about Portfolio you can do that here.
See omnystudio.com/listener for privacy information.
