ASK210: My property's gone up in value -– should I pull out as much equity as possible? PLUS: Do I need an extra insurance policy for my flat?

Rob & Rob are back again to answer two more fantastic questions sent in by our Hubbers. Martin from Birmingham has got in touch this week. He’s had a property for a few years and has remortgaged a couple of times and changed his mortgage rate.  It’s coming up for renewal again soon and he’s not sure if he should withdraw some of the equity, or leave it in the property so he can get a better loan-to-value rate on his mortgage. So what should Martin do?  Well first and foremost it all depends on where Martin is currently at in his investment process, but Rob D has some excellent advice as always.  Our next caller has a question about insurance. She’s a landlord of a leasehold flat and only has building insurance.  She’s become a little bit worried thinking of the what-if scenarios. What would happen if something went wrong? Would the tenant be liable for damage? Would building insurance be enough to cover her? Also, should she be taking out other insurance policies?  Tune in to find out what Rob B has to say.   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.