We’ve got an interesting success story for you this week

This success story is a little different to most success stories we share on a weekly basis. 

You’ve heard of the term ‘buy two get the third one free’, but have you ever heard it in the property market before? 

Chances are, probably not. 

But one lady’s success story benefits from this kind of deal...

Here’s what to expect on this week’s property podcast episode

Today Rob & Rob are talking to Elly and she’s got a unique success story that we think you’ll be pretty impressed by.

Elly’s full story will be appearing in the next issue of the Property Hub Magazine so if today’s episode grabs your attention, make sure you’re subscribed to receive the next issue. 

She lives in West Sussex and a few years ago decided that she was going to invest in property 350 miles away in the North East.

Going into 2020 she had one property under her belt that she’d done up and rented out and was planning on using the buy, refurbish, refinance strategy. 

But that’s not quite what happened. 

Whilst speaking to her broker about refinancing the first property, she was presented with a deal. 

Three two-bedroom terraced properties in County Durham on a buy two get one free offer. 

The typical tenant in this area tends to be Universal Credit, which she wanted to get into further down the line. 

Naturally Elly was pretty cautious about this deal as it’s quite a specialist area. 

So what did she do? 

Tune in to find out.

 

In the news

We’ve got two related stories for you this week, both about the mortgage market.

The first being a new ‘40-year mortgage product’ which has just been released - and if that wasn’t crazy enough, it’s a 40-year fixed mortgage term! 

Not only will your mortgage payments remain the same for the next 40 years, apparently there’s no early repayment charge or exit fee. Madness. 

The second news story is ‘Metro Bank launches ‘near prime’ mortgages’ which means people with a credit score that’s below average will be able to get a mortgage. 

This includes people who have CCJs that are unsatisfied and the products are 80% loan-to-value which is quite surprising. 

Will there be similar moves with buy-to-let mortgage products? We’ll have to wait and see. 

 

Hub extra

This week we’re giving you a poem. It’s a poem that Rob B wrote down at the beginning of his goals book so he always had a constant reminder of it.

It’s called Victory by Herbert Kauffman:

You are the Man who used to boast

that you'd achieve the uttermost,

some day.

 

You merely wished to show,

to demonstrate how much you know

and prove the distance you can go..

 

Another year we've just passed through.

What new ideas came to you?

How many big things did you do?

 

Time left twelve fresh months in your care

how many of them did you share

with opportunity and dare

again where you so often missed?

 

We do not find you on the list of makers good.

explain the fact!

Ah No, 'Twas not the chance you lacked!

As usual - you failed to act!

 

Let’s get social

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

We&rsquo;ve got an interesting success story for you this week
This success story is a little different to most success stories we share on a weekly basis.&nbsp;
You&rsquo;ve heard of the term &lsquo;buy two get the third one free&rsquo;, but have you ever heard it in the property market before?&nbsp;
Chances are, probably not.&nbsp;
But one lady&rsquo;s success story benefits from this kind of deal...
Here&rsquo;s what to expect on this week&rsquo;s property podcast episode
Today Rob &amp; Rob are talking to Elly and she&rsquo;s got a unique success story that we think you&rsquo;ll be pretty impressed by.
Elly&rsquo;s full story will be appearing in the next issue of the Property Hub Magazine so if today&rsquo;s episode grabs your attention, make sure you&rsquo;re <a href="https://propertyhub.net/amember/signup/magazine">subscribed</a> to receive the next issue.&nbsp;
She lives in West Sussex and a few years ago decided that she was going to invest in property 350 miles away in the North East.
Going into 2020 she had one property under her belt that she&rsquo;d done up and rented out and was planning on using the buy, refurbish, refinance strategy.&nbsp;
But that&rsquo;s not quite what happened.&nbsp;
Whilst speaking to her broker about refinancing the first property, she was presented with a deal.&nbsp;
Three two-bedroom terraced properties in County Durham on a buy two get one free offer.&nbsp;
The typical tenant in this area tends to be Universal Credit, which she wanted to get into further down the line.&nbsp;
Naturally Elly was pretty cautious about this deal as it&rsquo;s quite a specialist area.&nbsp;
So what did she do?&nbsp;
Tune in to find out.
&nbsp;
In the news
We&rsquo;ve got two related stories for you this week, both about the mortgage market.
The first being a new &lsquo;<a href="https://inews.co.uk/inews-lifestyle/money/habitos-40-year-fixed-rate-mortgage-is-a-game-changer-for-borrowers-heading-for-retirement-904925">40-year mortgage product</a>&rsquo; which has just been released - and if that wasn&rsquo;t crazy enough, it&rsquo;s a 40-year fixed mortgage term!&nbsp;
Not only will your mortgage payments remain the same for the next 40 years, apparently there&rsquo;s no early repayment charge or exit fee. Madness.&nbsp;
The second news story is &lsquo;<a href="https://www.ftadviser.com/mortgages/2021/03/11/metro-bank-launches-near-prime-mortgages/">Metro Bank launches &lsquo;near prime&rsquo; mortgages</a>&rsquo; which means people with a credit score that&rsquo;s below average will be able to get a mortgage.&nbsp;
This includes people who have CCJs that are unsatisfied and the products are 80% loan-to-value which is quite surprising.&nbsp;
Will there be similar moves with buy-to-let mortgage products? We&rsquo;ll have to wait and see.&nbsp;
&nbsp;
Hub extra
This week we&rsquo;re giving you a poem. It&rsquo;s a poem that Rob B wrote down at the beginning of his goals book so he always had a constant reminder of it.
It&rsquo;s called Victory by Herbert Kauffman:
You are the Man who used to boast
that you'd achieve the uttermost,
some day.
&nbsp;
You merely wished to show,
to demonstrate how much you know
and prove the distance you can go..
&nbsp;
Another year we've just passed through.
What new ideas came to you?
How many big things did you do?
&nbsp;
Time left twelve fresh months in your care
how many of them did you share
with opportunity and dare
again where you so often missed?
&nbsp;
We do not find you on the list of makers good.
explain the fact!
Ah No, 'Twas not the chance you lacked!
As usual - you failed to act!
&nbsp;
Let&rsquo;s get social
We&rsquo;d love to hear what you think of this week&rsquo;s Property Podcast over on <a href="https://www.facebook.com/propertyhubuk/">Facebook</a>, <a href="https://twitter.com/PropertyHubUK">Twitter </a>or <a href="https://www.instagram.com/propertyhubuk/">Instagram</a>. You might even have a topic you&rsquo;d like us to cover in the future - if so, pop us a message on social and we&rsquo;ll see what we can do.
Make sure you&rsquo;ve liked and subscribed to our <a href="https://www.youtube.com/PropertyHubUK">YouTube channel</a> where we upload new content every week!&nbsp;
If that wasn&rsquo;t enough, you can also join our friendly property community on the <a href="https://propertyhub.net/forum/">Property Hub forum</a>.

The Property Podcast from Property Hub (propertyhub.net) is the podcast for all property investors – new or experienced. Rob Bence and Rob Dix discuss a different property topic and property news item each week, passing on their knowledge and experience to the listeners. They both invest in UK Property so they practise what they preach. No hard sell, no bull just straight talking property investment advice!

A UK podcast for new or experienced property investors

The Property Podcast

Rob & Rob advise a multi-million pound property fund, and have put together more than a thousand deals over the last decade. The Property Podcast is the show where they share their knowledge with you, for free!

Tune in every Thursday to hear them cover the latest news and hottest topics in UK property investment – and get your own questions answered on the special weekly “Ask Rob & Rob” show.

Rob &amp; Rob advise a multi-million pound property fund, and have put together more than a thousand deals over the last decade. The Property Podcast is the show where they share their knowledge with you, for free!
Tune in every Thursday to hear them cover the latest news and hottest topics in UK property investment &ndash; and get your own questions answered on the special weekly &ldquo;Ask Rob &amp; Rob&rdquo; show.