ASK385: I'm making a loss - what should I do? PLUS: What do I do with my deposit?
The Property Podcast · Rob Bence and Rob Dix from The Property Hub
June 20, 20238m 39s
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Show Notes
Rob & Rob are back and they’re answering more listener questions!
- (0:39) The mortgage on David’s terraced house in East London is up for renewal soon, and with current interest rates, his payments are going to triple, causing him to have a negative cash flow. Should he stick with it at the capital appreciation is going to outweigh the short -term pain or should he cut his losses now?
- (5:32) Tom’s currently purchasing a property and once the sale goes through, he’ll have around £20,000 left. Tom wants to know what the guys would do with the money whilst he continues to save for another deposit – how can he get his money working for him?
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