Kirsty Allsopp & Phil Spencer Give Property Buying Tips On The Chris Moyles Show

18 Nov 2008

I’m a big fan of the Chris Moyles breakfast show on Radio 1- the light banter goes down a treat while driving to work. Unlike some, I get Chris’s humour (most of the time). From what I’m aware of, Chris Moyles is a bit like Marmite; you either love him, or absolutely hate him.

On Monday (17th November), Kirsty Allsopp and Phil Spencer from ‘Location, Location, Location’ were on the show as guests; ready to answer a few property related questions from the public.

I must admit, I don’t watch ‘Location, Location, Location’, but I know it’s an extremely popular show, and I know the pair are talked about quite a bit in the property industry, especially the extremely do’able Allsopp (anyone else feeling her sexual vibe?).

During the interview they answered 3 questions from three different callers. I thought the questions were pretty good. Good in the sense that they’re questions that I imagine a lot of people want answering right now, in this rough climate.

I recorded the Q&A session because there are a lot of good tips floating around in the banter (minus Chris’s expert advice). Just for clarification, it’s all pro-buying; so for those who have been bitten by the HPC (House Price Crash) bug, this may annoy/humour you (depending on your personality) …

Question 1.

I’m looking at investing into buy-to-let. But with the current economic climate I’m a bit dubious about what to do. Any advice would be appreciated…

Answer to Question 1 in mp3 format

Question 2.

I’m looking at a house tomorrow. My question is, what is the realistic amount I can chop off the asking price, so in 6 months time I’m not in negative equity

Answer to Question 2 in mp3 format

Question 3.

I’m a first-time buyer, lookiong to purchase at some point next year. I know getting a mortgage is tough now, so i’m just wondering what a realistic type of mortgage I would be looking at for a 1 or 2 bedroom flat?

Answer to Question 3 in mp3 format

I guess the focal point was that regardless of the current climate, in the longterm, you’re unlikely to lose as long as you buy the right property.

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