ASK195: How can I cut down the amount of time I have to save up for? PLUS: Is there a limit to how many mortgages you can have?

This week on Ask Rob & Rob we’ve got two great questions that we’re pretty sure most investors will want to know the answers to. Especially if you’re just starting out or trying to grow your portfolio. Our first question this week comes in from Ian who’s been a Hubber for well over a year and an avid podcast listener.  He feels like he is clued up on the educational side of investing and is ready to take the plunge, but the financial side of things are holding him back.  His goal is to be able to replace his income with property through buying and refurbishing below market value properties.  At present he could realistically afford to save £1,000 per month, which is a decent amount to be putting away each month, but still means he’s roughly two years away from starting his investment journey.  So Ian is wanting to know what strategy would The Robs suggest for someone who has a low amount of capital to start off with, and are there any ways of raising the finances other than a traditional mortgage lender?  What advice can The Robs offer Ian to bring that start date that little bit further? Have a listen to find out. The second question comes in from Justin who has just exchanged on his fourth buy to let property - congrats! Two of his properties are in his personal name and the others through a limited company.  Justin has ambitious plans for the next few years in growing his portfolio and now he’s wondering if there are a limited number of mortgages that an individual can get?  Are there issues and more hoops to jump through for accessing mortgages with the more mortgaged properties you have and the bigger your portfolio gets? It’s good news for Justin, there are no limits to how many mortgages you can have. Hooray!  But there are some certain criteria that any investor should have a look into before applying for another mortgage. Tune in as Rob D explains all. 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 on 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.