ASK285: Should I buy now or wait for a crash? PLUS: What happens to your mortgage if the property value falls?

Rob & Rob are back again this week answering questions on when’s the best time to buy, and what happens to a mortgage if the property value falls. 

First up is Eleanor.  

With the stamp duty holiday due to finish at the end of June, Eleanor is keen to explore the top end of her budget. 

She doesn’t want to make a rushed investment and doesn’t want to consider stamp duty, but she’s keen to know how the stamp duty holiday will have affected the market when it comes to an end. 

Should Eleanor take advantage of the stamp duty holiday whilse she still can, or could she save more money by holding out for a dip in property prices? 

Our second caller this week is Owen. 

Owen wants to know what would happen if your buy-to-let property fell into negative equity at the end of your mortgage term when you came to re-mortgage. 

Will you then be locked into higher rates, or would you have to put in more cash to bring yourself back up to 25% loan to value? 

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).  

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