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), Kirstie 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) …
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…
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
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?
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.
Disclaimer: I'm just a simple landlord blogger; I'm not qualified to give legal or financial advice. Any information I share is my opinion based on my personal experiences as an active landlord, and should never be construed as legal or professional advice. For more information, please read my full disclaimer.