ASK302: Can I remortgage after buying with cash? PLUS: Why would I use leverage in my situation?

Rob & Rob are back to answer some more listener questions! 

Our first question is from Paul and it’s a great one. 

Paul is looking to buy a property with a tenant in-situ, but one of the terms is that it’s a ‘cash only’ purchase.  

What Paul wants to know is whether this would affect his ability to remortgage as he was hoping to draw back the cash to reinvest elsewhere. 

The next question is about leverage.  

Our listener is going to be retiring early soon and is wondering what do to with the cash he gets. He’s planning on buying one or two houses and living off the income. 

However, as an avid listener he knows Rob & Rob frequently talk about the power of leverage, but he wants to know why you would bother with a mortgage if you can buy property outright with cash. 

Tune in to find out what Rob & Rob have got to say. 

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.  

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