ASK290: Who's right about how to spend our £50k – me or my wife? PLUS: What can I do about my lack of mortgage options?

This week on Ask Rob & Rob, the guys are settling a debate between a husband and wife on the best property strategy and help another caller with a mortgage conundrum.   Our first caller is Colin.  Colin and his wife have managed to save £50k but both have different views on how they’d invest it. They also need to move into a new home themselves over the next two years.  Colin wants to use the funds to invest in a flip property and then split the profit in half to invest into more properties and into their own residential home.   However, Colin’s wife would like to use the £50k to buy a bigger, more expensive family home and then further down the line re-mortgage and release equity for Colin to then invest in property how he’d like.  Can Rob & Rob make this husband and wife see eye-to-eye?  The second caller this week is Toby who’s 26 and a first-time buyer.   He was wanting to invest in a buy-to-let property before purchasing his own residential property but has reached a stumbling block after speaking to mortgage brokers.   They’ve told Toby that because he has no mortgage history, the interest rates available are very poor as the banks don’t want to lend to him.  So naturally, Toby wants to know if Rob & Rob have ever heard of this situation before where you can’t get a mortgage offer due to having no mortgage history.   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. See omnystudio.com/listener for privacy information.