ASK547: Should I sell to clear my personal mortgage? PLUS: Are bungalows an opportunity?
The Property PodcastShow Notes
Is it worth selling your investment properties to become mortgage-free? And why do bungalows get so little attention from investors?
Rob & Rob answer two tricky listener questions on this week's show.
(00:40) John owns two buy-to-lets in the North West, and selling both would clear his personal mortgage. Should he pay it off and save to go again, or reinvest somewhere with stronger fundamentals? Rob D weighs up the emotional side, while Rob B runs the cold, hard numbers.
(05:21) Gareth has noticed bungalows often need work, but tend to sit on bigger plots with room to add value. Are they a solid investment, or does the niche market make them riskier? Rob B points to a supply problem that shapes their long-term prospects, and Rob D considers the type of tenant a bungalow can attract.
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