ASK206: How important is parking? PLUS: How much can I remortgage for?

Ask Rob & Rob is back for another week to answer all your burning property investment related questions. 

First up this week we have Charlie. Charlie is based in Manchester and wants to know how important parking is. He almost invested in a 2-bed apartment with his sister but pulled out due to the owner selling the parking separately. 

Did they do the right thing by walking away? 

Is this a yes or no answer, or are Rob & Rob right down the middle with this one? One thing is for sure… Rob B dishes out some really valuable advice today, and gives listeners some tips on how they can make a yes or no decision on a property like this. 

The second question today comes someone who didn’t leave their name, but they’re wanting to know about adding procurement costs after refurbishing a property. 

Today’s listener is using the example of purchasing a property for £80,000, and spending £10,000 on refurbishment. Can he add another £5,000 towards procurement? In other words, can he remortgage for £95,000 to allow funds for  stamp duty and conveyancing? 

Is this possible or will he hit a roadblock?

Rob D is looking at this example from a different perspective rather than what’s actually been spent on what. Have a listen and find out exactly how much our listener will be able to remortgage for - and the answer might just surprise you. 

 

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). 

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.

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