ASK349: Help - my fixed rate is ending! PLUS: Is it a bad idea to rent to family?

ASK349: Help - my fixed rate is ending! PLUS: Is it a bad idea to rent to family?

By Rob Bence and Rob Dix from The Property Hub

It’s time for some more listener questions!  And getting us started this week is Helen.  Helen has three rental properties, each of which are on fixed rate mortgages, which are due to end soon in 2024-2026.  Helen’s hoping Rob & Rob can shed some light on what she can do to prepare for her fixed rates coming to an end.  Next up, we’ve got a question from Dan.  Dan’s sister is currently looking for a property to rent, and he’s had a thought! As he’s looking to get into property investment, should he purchase a property and rent it out to his sister?  It seems like a win-win situation as his sister gets a landlord she can trust, and he’d get a reliable tenant from the get-go.  Do Rob & Rob think it’s a good idea or is it a disaster waiting to happen?  Tune in to find out.  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.
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