9 minutes | Sep 21st 2020

ASK254: Is my London investment going to struggle? PLUS: How do I prepare for a financial crash?

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It’s Tuesday, and that means Rob & Rob are here to answer two more fantastic property related questions. So hold onto your hats!

The first caller to get in touch this week is Matt. 

Matt previously bought his residential apartment as a long-term investment opportunity. The apartment is located in central London, near the Olympic Park. 

There’s currently tonnes of investment going on in and around the area with two new hotels being built, BBC studios, the new VNA museums and different universities moving into the area as well. 

He currently has a lodger that pays £1,000 per month which massively helps towards the bills and is helping him to save money for when he wants to move out of London. 

However Matt is now concerned that with the way the future of working is going, he wouldn’t be surprised if businesses moved to smaller office spaces and we end up seeing more remote working. 

He’s been doing his research into Zoopla reports and now he’s wondering if he should ride it out or get out whilst he still can. 

Next up we’ve got Clara who’s wanting to know what Rob & Rob would advise when looking to prepare for a market crash.

Would they suggest remortgaging and pulling any money out and keeping that money in cash, or keeping it somewhere else? 

Ultimately, how do you make sure you’re protected for the inevitable?

For the first time in Ask Rob & Rob history, The Robs have refused to answer this question. 

Tune in to find out why!

 

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.

See omnystudio.com/listener for privacy information.

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