The Property Podcast ASK465: Is this a good way to start out in property? PLUS: Do I need to get my tenants out fast?
Feb 25, 2025
Listeners get valuable insights on entering the property market, especially in more affordable locations. Concerns about managing both rent and mortgage payments are discussed, along with the importance of detailed planning and mortgage broker consultations. The episode also delves into the complexities of tenant eviction amidst changing legislation, offering guidance on navigating this challenging landscape. Effective communication strategies for landlords are highlighted to ease the transition.
AI Snips
Chapters
Transcript
Episode notes
Mortgage Broker Tip
- Consider using a mortgage broker to strengthen your application.
- Living in the property may increase your approval chances.
Alternative Locations
- Explore areas with strong fundamentals and easier commutes, like Rugby or Northampton.
- These locations offer a balance between affordability and proximity to London.
Saving and Strategy
- Increase your savings to allow for renovations and build more equity.
- Reflect on your strategy, considering time constraints and potential risks.