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Podcast: The Property Podcast
Episode: ASK166 - Should I re-finance or sell? PLUS: When will London pick up?
Description: We’re back again with two great questions on this week’s Ask Rob and Rob podcast.
Andrew’s question is first up and he asks Rob & Rob whether he should re-finance or sell his two properties. Here’s the details:
Two properties, one worth £300,000 and the other worth £200,000
Outstanding mortgage: £100,000 on each with £300,000 total equity available
One rents for £1,000 pcm and the second for £750 pcm
15 year repayment mortgage on both
Andrew explains how he just breaks even each month and that his properties aren’t achieving a good ROI. However he has made £100,000 in capital growth ov...