ASK328: Should I buy a cheap property or keep saving? PLUS: Can you challenge a service charge increase?

Rob & Rob are back and it’s time for more listener questions!  And Jason’s kicking us off with a corker.  Jason is currently saving to purchase his first property and reckons by next year he’ll have around £20,000 saved!   What he wants to know is should he use this as his deposit, purchase a lower value property and get his foot firmly on the ladder or hold out, save some more, and purchase a higher value property?  It’s a difficult decision, so what advice have Rob & Rob got for him?  Next up, we’ve got a question from Mike.  Following a change in the property management company that manages his property in Northampton, he’s recently received his service charge demand.  And whilst he expected a potential increase, he was shocked to find an increase of a whopping 92.5% compared to 2021!  What Mike would like to know is are service charge changes set in stone, or can he challenge this? And if he can, is it a fairly straightforward process or is it a long and costly one?  We know with inflation pushing up costs across the board this might be a question on a few people's lips.  Tune in to find out what the guys have got 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.   And if you’d like to find out more information about Portfolio you can do that here.  See omnystudio.com/listener for privacy information.