ASK166 - Should I re-finance or sell? PLUS: When will London pick up?

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 over the last 5 years, so it's not all bad! Should Andrew re-finance both to interest only mortgages and release about £100,000? Or should he sell one or both and have up to £300,000 to invest on more sensible investments with a higher ROI? Listen to find out what Rob and Rob think… The next question is from Scott, who wants to know whether he should be investing in Northern Powerhouse cities, or whether London is still a good place to invest. Rob & Rob discuss the best time to invest in London based on the 18 year property cycle. Press the play button to listen! Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours. Have you joined us over in The Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.