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great stuff - cheers

Do the brokers charge both the lender a commission and the buyer a fee?

Very informative, Thank you.

Aug’24 Very helpful videos, thank you!

Thank you, Samuel, for the great video and detailed explanation on viewing a house in the UK. Your insights were incredibly helpful. I have a question about determining the age of a house, as this information is crucial for estimating refurbishment costs. Do you think it's worth asking the age of the property? Any tips on how to approach this would be appreciated.

yes looking for a mortgage broker

Great info. Music too loud.

Listen to the Ramsey show 30 years experience follow the baby steps 👍😉😀

Hi very helpful video. I am new the property world. I wanted to ask why is it difficult for a mortgage advisor to get decision in principle? My advisor is struggling to get one for me. So considering if I should find someone else who could help. Thank you.

Great video. I watched several other videos to try and get my head around this and still felt bemused, but yours really explained it in an easily understandable way. Many thanks.

Hi, this might be a silly question, But how do I find a mortgage broker??🤭🤣

Yes. In reality, 95% of agents will never tell the truth. They are absolutely there just to make money with overpricing regardless of market situation. Thanks

*So the house price on the rightmove or zoopla are not fixed price? We can still negotiate?*

Freru6

But they dont need to tell the truth right? They may say there is a lot of interest for the flat/ house, i cant tell you the actual figures, in fact there are only handful of people added the property to their favorites on zoopla and no offer has been made?

Thanks, very useful info.

Thanks for this informative video. I want to do a 10k overpayment before remortgage and I am trying to understand if it's better to reduce my monthly rate or the length of my mortgage, considering I am planning to sell in 2 or 3 years. I cannot find help anywhere. Do you have any advice? Thanks

Have a viewing tomorrow and this was super helpful, thank you Samuel!

"promo sm" 💖

Hi Sam in the process of buying great informative videos 😊

I'm in the unique position where I have a mortgage with a remaining fixed rate of 1.95%, but also I can open a savings account with higher interest rate. I want to pay my mortgage off as soon as possible - would it be worth investing?

What's the implication on Credit Score in terms of having a mortgage under your name and being paid off?

I don’t understand something. I’ve been overpaying my mortgage for many years. But my monthly payment has only come down dur to lower interest rates as I fixed the rate when they were lower than when I took in the loan. So now I’m paying lower amounts due to lower interest rates but the length of my mortgage hasn’t changed. How is this possible? The length should have come down. The person I spoke to at the bank was unable to explain why, which is concerning to me.

Anyone used Conalls Mortgage broker as first time buyer? They have a 'lifetime fee' of £599 and an additional £99 admin fee? Would love to hear if anyone/opinions about your experience with them?

There is lot more to check, my dearests: - Check the price to acquire a share of freehold if you do not want to be enslaved by freeholder or management company by increasing service charges, sink fund demands, ground rent increasing exponentially, blocking you from making altertions and many more, don't be a tenant slave in your own flat, always discover opportunity and options to obtain a share of freehold. This will also increase property value, eliminate needs to pay for lease extension, mortgage lenders and their underwriters will be more comfortable, property liquidity will be higher. - Check the price of lease extension before you purchase the prperty, you might even wish to make legally binding side contract that freeholder or seller (those could be two different bodies) can agree to fix that otherwise you are buying nasty uncertainty - Check the actual lease deed yourself not the lazy careless conveyancer, you, as lease might have very nasty strictig clauses that are coming from cave age and will limit you to install double glazed windows, make other ugrades you will wish to make, not to play on musical instrucments or not having wooden flooring or tiles, only dust collecting carpets. Check and read YOURSELF - Check envrironmental issues like mobile phone masts near you or opposite you - if you are going to be exposed to a direct line to mobile mast or wireless repeater from one of the telcos there are bigger chances to get blood cancer and other cancer types. Next is noise level from all sources and at different times. - If you are goign to live in a property yourself check the sides, north, south, west etc and how this will help or impact your lifestyle and health. If windows are all on one side then you unlikely to get and fresh air moving, if wndows are on north and east then your plase will be dark for the most time of the day - Check neighbours - are they tennats (often careless about property) or owners. Find an opportunity to meet and talk to them. Modern history knows too many good owners who needed to move out from their newly purchased place because of bad neighbours, don't underestimate that. - Check communal place and facade of the building, surroundings, if communal area is in bad shape, this is not a good sign of neighbours, owners, management company - Check the reviews of management company, many are careless bastards and you need to know upfront who you are going to be dealing with. - In case of block of flats - check if there is a sinking fund to cover large items like new lift installation or emergency roof replacement etc. If not you might face huge and sudden large charges coming from management company pirates. You can challange this demand in tribunal but do you want that hussle? - Check around the property at different times of the day - noise of traffic, lights from the street, moise from drunken ro narcotised neighbours, many rats and foxes, smell of the full rubbish bins just under your potential future windows. - Invite your trusted builder if you have one to check things, your friends and relatives might be clueless, but experienced interior specialist or interior builder will see all nasty shit immediately - lastly, I know this is not welcomed in the UK but I successfully had this in the US and Europe, offer to pay seller a small amount of money for 24 hours spent in their property, sleep overnight, spend time in and out for 24 hours and you will have a complete feeling of the place with all pros and cons. US and Southern Europeans were very understanding and welcomed this and that resulted in successful deals, UK seem more tight risk-awerse reserved and greedy owners in their majority, stay open minded. Good luck with your searches - spend more time researching and checking your future home, substantially longer and more effort than during your car test-drive and car checks.

🎯 Key Takeaways for quick navigation: 02:20 💰 Making mortgage overpayments can reduce the mortgage term, save on interest, and potentially exceed savings account returns. 04:20 🛑 Check for early repayment charges and prioritize paying off higher interest debts before considering overpayments. 05:17 💵 Before overpaying, build an emergency fund to avoid financial strain in case of unexpected events. 05:46 🤔 Consider the opportunity cost of overpayments and explore other investment options that may yield higher returns. Made with HARPA AI

Do you need to pay interest tax for those you used to set off mortgages interest expenses?

I need a mortgage broker I'm Sandra berry live in London halifax just tried to put my mortgage payment up from 1200.00 to 1790.89 i earn 2100 a month take home which would force me into poverty i done a income and expenditure because when i got the hoe 2xsalaries were coming into the now its just mine i now have to pay 1094.00 for 12 weeks while i find a broker to support

i saw the %2.5 interest rate and was like what kind of parallel universe is this? Then saw the video was uploaded 2 years ago and it clicked..

Hi Alex, Fantastic video, really insightful. I was wondering I own a property and looking at a second in Maldon, Essex which you may be familiar of whilst my partner it will be her first. Can I get a sole / joint proprietor mortgage with her? I do not have enough money to cover the stamp duty on the property I want to purchase so thought this could work? I would of course, want to live in the property also. Regards Myles

Thank you Samuel, very informative indeed and well-presented. I'd just add: "savings account"? Aren't they dead?

It is if you know exactly how the system works and use their system against them.

Hi. Great video thanks. Say I owe £50k on my mortgage but also have £50k in savings. Will the lender let me offset 100% of what I owe? If yes, does it mean I would not have to pay any interest at all through entire mortgage lenght? I would want to do the above (instead of repaying mortgage in full) because this way I will still have access to my savings in case of any emergency happens.

Good video .... Really informative

Much appreciated, great video

I am kinda wondering how much below asking price to put an offer in for considering the current situation, I wonder what would look polite rather than insulting.

With todays general inflation rates around 10 -11% surely it is not worth making overpayments, when the balance is shrinking in real terms by 10% per year. For example, my new deal is going to be around 6% but inflation is 10%. so I'm still winning by 4%. as long as i can manage the new payment and cashflow in short term why sting myself with paying down a lump sum today. What are your thoughts on this ???

Yes

Do you think rates will keep going up?

I took a mortgage at the peak of pandemic a year ago and have fixed it for 5 years; very happy with the rate (1.3) in comparison to today's rates. Should I be looking to overpay or look to invest instead? What's the best strategy

Hi I have been searching for this particular topic and this has been very clear and helpful guidance video.Thank you

Decent video 👍

Thank you so much for sharing

Disagree with Plant4TheWin.. good video!

Great video thanks for the info 👍

Hi my sister has got the principle letter and have submitted her mortgage application through her mortgage advisor..it’s been 3 weeks now she has received a recommendation letter from the bank 3days ago….any idea how much more time it can roughly take for her to get an approval and plus what is this recommendation letter mean ?

Hi Smauel, great video! With the principle in agreement, would I have to look for properties in the same price range of the agreement or could i buy something lower in price? Would the lender refuse me if I bought a cheaper property than what was in the agreement of principle?

Mortgage overpayment; such a debate with so many other modes of investment available now, which were non existent years ago! I don’t have enough capacity to follow and keep up to date with stocks and crypto, so I may be best to overpay with my 10% allowance, over saving it in my bank account, but would be interested to know your thoughts and others perspectives, as always open to new ways of thinking!??

Hi Sam Iam a self employed carpenter working on site through the CIS scheme is it true that I could potentially get accepted for a mortgage with just 3 months of payslips ? Thanks 🙏

Can you give me an advice? Is it better to take lets say 100k pounds mortgage with mortgage lasting 10 years, or is it better to take 100k pounds in 15 years mortgage and then pay it off sooner (lets say in 10 years). Thank you!