ASK405: Is this developer scamming me? PLUS: What's an Interest Cover Ratio?
The Property Podcast · Rob Bence and Rob Dix from The Property Hub
November 7, 20238m 14s
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Show Notes
Rob & Rob are back with the latest round of listener questions, and strap in because this week we’ve got some good ones!
- (0:43) Jackie bought an off-plan property with an up-front 50% deposit. She was recently due to complete, but the developer isn’t allowing the surveyor access to the property, so her lender won’t release the mortgage funds. Jackie’s hoping Rob & Rob can shed some light on what she can do to ensure she completes and gains access to her property.
- (4:42) Tom’s is looking to remortgage and he’s hoping Rob & Rob can explain what ICR (interest cover ratio) actually is?
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