ASK166 - Should I re-finance or sell? PLUS: When will London pick up?

We’re back again with two great questions on this week’s Ask Rob and Rob podcast.

Andrew’s question is first up and he asks Rob & Rob whether he should re-finance or sell his two properties. Here’s the details:

• Two properties, one worth £300,000 and the other worth £200,000
• Outstanding mortgage: £100,000 on each with £300,000 total equity available
• One rents for £1,000 pcm and the second for £750 pcm
• 15 year repayment mortgage on both

Andrew explains how he just breaks even each month and that his properties aren’t achieving a good ROI. However he has made £100,000 in capital growth over the last 5 years, so it's not all bad!

Should Andrew re-finance both to interest only mortgages and release about £100,000? Or should he sell one or both and have up to £300,000 to invest on more sensible investments with a higher ROI? Listen to find out what Rob and Rob think…

The next question is from Scott, who wants to know whether he should be investing in Northern Powerhouse cities, or whether London is still a good place to invest. Rob & Rob discuss the best time to invest in London based on the 18 year property cycle.

Press the play button to listen!

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