ASK278: Am I walking into a money-pit? PLUS: Should I put my savings into shares?

Welcome back to another episode of Ask Rob & Rob.

Kicking things off this week is Lily. 

She’s recently put in an offer on a leasehold apartment in a Grade II listed building and had it accepted.

However, after having the structural report done, the results were shocking. Even though the property looked incredible on the outside, it clearly hadn’t been looked after on the inside.

So what do Rob & Rob think Lily should do? 

Should she walk away from the purchase or use the structural report to her advantage to try and negotiate a better price on the property?

Next up we’ve got Tomas. 

He currently owns a couple of buy-to-let properties and at the moment the income he gets from them he just sits in the bank.

Tomas wants to save this money to buy another buy-to-let property but he’s wondering if he should leave the money in the bank, or if he should invest it elsewhere, like into shares. 

He’s previously looked at an app called MoneyBox but wants to know if that’s a good idea. 

So what’s the better option, leave money in the bank or invest it in shares? 

Tune in to find out.

 

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