Big congrats to you sis! I'm 26 I just bought mine last month paid in cash. Feel so happy for myself and my achievements so far watching this random video. So glad I made good decisions about my finances that changed me forever
Hey sis congratulations I'm currently inspired saving to buy a house too this means a lot to me at this time. Can you share some tips on how you improved your income
@@briegabriella7205 I can share some that helped me 1. Plan towards it 2. Be Frugal and minimal on spending ( don't buy why you don't need) 3. Build an emergency fund 4. Save to invest, this is most important because it's a proven way to get richer. Very important to financial success
That yeah you can achieve anything if you want it badly enough. I have been in the house for 8 years now I also bought a new build we are now starting to paint and making it the way we want it new shower ect
Hello Luke I was minimum wage for 17 to 18 year old I wasn't make that much I was still having to pay rent to my mum and keep a car running it's want you prioritise
@@JessicaJayneTurner hi kids today we will learn how to buy a house. You probably won't need to know this for 20 years, but I'm sure you will all retain this information
Well done you it’s a great step to take I bought my first house at 22, I’m 26 now and I am in my third house 🏠 and it will be my forever home now as I’ve my baby boy! Xx
Congratulations sisssss. I'm planning on buying one at 22/23. I'm 18 ATM and at university. I'm fortunate enough to live with my parents and they don't charge me for rent either
Congrats! I bought my first 3 bed house in West London when I was 24. Made a lot of sacrifices from age 16 to raise a 35% deposit including holding 2 jobs whilst at uni and working 6 days a week over Xmas, Easter and summer holidays instead of partying. Interest rates were very high back then over 5.5%. Glad I took the plunge as the property has more than doubled in value. Its hard work but reward is great
18 finished secondary school, did a year of college and then dropped out, got a job, and now I’m learning more on TH-cam about finances and important stuff then I did six hours a day at school for God knows how many years
@@quldibaloch34 not at all. And nope I didn’t go back to education in 19 now. Lucky when Bitcoin was around 2/t3 thousand pound I bought into it and now I dabble in crypto a bit more
Fairplay to you for this, I've just moved into my first house at 28 and feel like that's young! Would usually say at 21 to live a bit and enjoy things when ya young but it's very admirable to see someone so young so focused etc
Thank you for noting that the average age to buy a home is actually in your 30s! It’s super impressive that you were able to buy a place at 21 but I feel slightly less behind in life now. 😅
i’m 18 now and i’m starting to look into buying houses and finding different ways to gain more income. i’m also planning on living with my parents (so happy they don’t charge me rent) until i can afford to buy a house. Thanks for the video, it was so helpful !! x
I personally do not recommend buying your first home with a partner, (especially at a young age), unless you or they could afford to take on the house alone and buy out and refund the other party with their deposit contribution if you break-up. I know many young kids that have scraped in with a small deposit, 95% LTV mortgage and are paying over 3% in interest and wouldn't be able to meet the liabilities. Buying a house later in life when you are 30+ is better, you will have more money behind you and you'll be able to assess where you are going and what you want in life more clearly.
I have 2 kids now 29 and 28 both own their own houses, it can be done....always drummed into my kids the importance of investing - they were each given £2000 each to start then off at 18 and the rest was up to them, they both did this while renting together and living away from home too. To provided an example of the power of investing - if you started with that same £2,0000 contributed £250 per month at 8% you would have over £21,000 after 5 years and over £50,000 after 10 years. Increase that to 11% and it’s over £23,000 after 5 years, and almost £61,000 after 10 years. Ok people have been lucky over the past 10 years because the stock market has been really strong but I’m just making a point. Finally even if we are not looking at houses - people should really look at investing their money the power of compounding is truly wonderful.....if we take those figures to 30 years. We get over £390,000 at 8% and over £760,000 at 11%.
Me and my partner are still saving for ours so we’re hopefully looking at purchasing our first house end of 2021 to beginning of 2022. Exciting times ahead! Thank you for the advice! Xxx
I mean, taking out a mortgage is still owning though. Like even if you own your house outright, you still have to pay taxes and utilities and repairs and maintenance. There will ALWAYS be costs associated to home ownership. There is NO way to own a house without paying ANYTHING.
First, congratulations! Second, TH-cam recommendations kicking me when I’m down lmao. I almost built my own home in Colorado at 20, but then both my parents vans broke down, my poor little sister damn near died of a rare condition (U.S. med system) and after that I felt so bad for my parents I payed for a family vacation (all 11 of us). All in all, my life savings and my job (due to quarantine) gone along with my will to live :D Sorry for this self pity garbage on your good video, but I needed to rant a bit.
Bismillah Kosser hopefully, I’ve been applying to different jobs and I’ve gotten rejected by 6 different places so I’m kinda losing it at this point. Maybe 7th times the charm though lol. Out of everything though the med bills definitely hit hardest. Especially their transportation (emergency flight). The U.S. is ridiculous when it comes to healthcare.
Tom D the current economy is fucked right now and not many employers are hiring so it’s not personal, keep going. You will get a job when the time is right and you did the right thing ❤️
Help to Buy equity loan is for first time and next time buyers until March 31st 2021. The government will put in 20% for you if you buy outside london and up to 40% if you are in London. From April 2021 the HTB equity loan will be for first time buyers ONLY and is then running for another 2 years. This scheme has nothing to do with the HTB ISA, a lot of the comments are getting this confused with the ISA.
One thing that should be mentioned is that the equity loan will increase if the value of your house increases. There is also a minimum amount that you are allowed to pay off. Every time you want to pay off some of the equity loan you have to pay for your house to be revalued. This adds up fast. I really wouldn’t recommend people use it unless they can’t afford to buy a house without it. There’s lots of hidden caveats in the help to buy equity loan. The help to buy ISA is great, the help to buy equity loan not so great. I saved £10,000 in seven months by living off rice and beans and plan to save another £10,000 in the next six months and buy a house alone. Please don’t put buying a house quicker before affordability.
Fantastic advice... buying schemes are dreadful.. people who use them to buy a house (especially a large house they have no need for at 23 / no family)... could not afford independently... the buy schemes are hell...
I wish I ran into investing opportunities while I was much younger, I would have been a millionaire by now. But currently bought my second house through my forex investment with an expert. Currently still earning $5k weekly, which helps me saves more.
Completely wrong about mortgage advisors! I am one and we don't charge any fees... Service shouldn't differ whether you pay for one or not and I think paying for one is wrong personally as there's many good ones who are free! All advisors will receive commission from the lender whether they charge fees or not. Solicitor fees for a purchase of a freehold property (a house) should be around £1200 but new builds are slightly higher
Huge congrats on buying your first house! Such an interesting video to watch too! I love your channel and I've just subscribed, you seem like a really cool person! ☺️
I’m 34 married with 2 kids We can afford the repayments it’s getting the deposit that we struggle with, start saving and the car dies or the fridge freezer packs in, hopefully this years the year the house fund can get topped up x
Congratulations, that’s amazing! My husband and I are 21 and hoping to buy in a couple of years. We decided last year that we wanted to live together so we’ve been renting and saving as much as we can. Your house looks gorgeous, we’d like a new build too. 😊
It nice saving up but to be frank investing is best, I recently just bought my second house worth a million dollars and it was through the $250k I invested earlier this year.
This vid was SO helpful! Me and my boyfriend are saving to buy in the next year and we are totally clueless😂😂 but this video has really helped. Congrats on your beautiful home! I’ve just subscribed😘
You got some good deals, but there are some other options which may be more suitable for first time buyers with less savings, for example mortgage products which include free legal fee’s etc
Thank you so much you explained it in the best way possible so we all understand thank you! You inspired a lot of us and congratulations on your house💗💗💗💗💗💗💗
My brother and sister in law (was gonna be sister in law on the 30th of my but cuz of corona she is going to be in october I hope) bought a house at 20
This is so interesting! I'm just gonna vicariously live through you while I sit in the US putting a housing deposit worth of money towards a college education instead 😂
@@NaughtyBwoi you remortgage, so you can take the money out of the mortgage that you already paid in and with that money taken out you can pay off the gov loan.
Did you buy a house in london, my boyfriend & I want to begin mortgaging I want to stay around London with a new build which I know is expensive but he wants to move out of london with houses that would need a lot of renovations. Any advise
Hiya, I saw your comment & thought I could help! Houses in London cost so much more than most other places in the U.K., so maybe look into buying a house just outside London, eg Essex, Hertfordshire, etc places which are close enough to commute quickly and easily. Hope that helps x
Hi, we are buying a new build as well! We’ve got to putting the offer on the house we want, do you mind me asking did you go on or below the asking price? And was it a lot below? I’ve just found your Chanel and I love it!!
Hey! That’s amazing! We went below the asking price - Our first offer wasn’t accepted but they came back with a counter offer staying ‘this is the lowest they would accept’ so we went for that as we knew there were other people interested in the property💞 Best of the luck with buying your house!😊
"You can only use your Help to Buy ISA to purchase a home worth a maximum of £250,000, or £450,000 in London." - £450k in London phew... Had me scared for a second
Don’t the government own that 20% eg. If you sell your property for £100k you would need to pay back £20k even though you’ve technically paid off the loan?
Im 18 and my partner is 25 we want to buy i have been working full time since i was 16 and ive been ready to move out for a while living at home is stressful for me and i need my own space but i just know ill never be able to
Congrats on your house 🥳I’m currently 19 and thinking of buying a house in a few years. But I just wanted to understand the concept more, so if the house cost 300,000 roughly how much deposit would you put down and roughly what would the mortgage be monthly ? : )
usually, lenders want a 10% deposit and need to know your financial history for the past 2-5 years. Being young, it is harder to get a larger mortgage as its more money to pay back.
You want at least a 10% deposit but deals are generally better if you can get 15%. Need to take into account solicitor fees etc too. The monthly repayments completely depend on what rate you’re on - so what % interest you’re paying for it. If you have a great credit score then you can generally get access to better rates. x
Most people can not afford a house at 21 because they get paid from work and spend 70% of their wage in less than a week on things they don’t need. E.G getting pissed on the weekend
This was so helpful! Just wondering would getting an AIP before going to view properties be a good idea too as then you know you're definitely looking at something you know you could get a mortgage for?? I wouldn't want to seem silly putting an offer in and then not getting a mortgage for it haha!! Or would you just recommend using the mortgage calc first like you did? Xx
Thank you lovely! Yes definitely get an AIP if you have any doubts as to how much you can get a mortgage for - I felt a bit like this when I didn’t have an AIP and put an offer in but it all worked out in the end haha! Would definitely recommend speaking to a mortgage advisor though and see what they say 💞xxx
Me and my boyfriend want to move out at 18/19, but we will still be in education and only have part time jobs so it’s hard to put in an average yearly salary and calculate the whole thing! Thank you for your help though this video us great. Deffo subscribing!!💞
So what happens if you get noisy anti-social neighbours moving next to you? what happens if your boyfriend leaves you? and no i'm not a troll, i'm just being realistic
These are all risks but I think if you live constantly thinking about the ‘what ifs’ you’ll never do anything! We can always sell the house in a worse case scenario 💗
Im loving your videos atm,only recently subscribed❣️and also im turning 21 in October and im deciding to look for a house with my boyfriend of 2years and ik its going to be stressfull😣but itll be worth it in the end! 😁🤪🏡💸✅💳
So when you wanna start buying a house and you have enough money saved for a deposit do you start looking at houses first or going to the bank and saying you want a mortgage first? Also I'm not very fluent on bank talk at all but what is an interest rate exactly? What does it affect?
Go to a bank or mortgage adviser and see how much they are willing to lend you. Then you will know what price range you can start looking at. Theres no point looking at £300k houses if your deposit + mortgage will only reach £170k.
Thank you so much!💞 With the help to buy isa, you can only buy a property worth a maximum of £250,000 (outside of London) so we weren’t able to use it xx
It's quicker for new builds if you have everything in order for your mortgage once you have an offer accepted it should take less then a month. But if you're buying from someone else and they're waiting to move into their house that's called a chain and it can take a long time.
Hi I've just started following you. We are hoping to buy currently renting our new build and want to buy it. Can you buy if you use credit cards that aren't paid off but you pay monthly payments? Xx
Big congrats to you sis! I'm 26 I just bought mine last month paid in cash. Feel so happy for myself and my achievements so far watching this random video. So glad I made good decisions about my finances that changed me forever
Congratulations to you girl you need loads of cash to buy a house. You did it congratulations once again, 👍👏🎊🎉🎉
Hey sis congratulations I'm currently inspired saving to buy a house too this means a lot to me at this time. Can you share some tips on how you improved your income
@@phillawson5785 thank you so much 💋💋
@@briegabriella7205 I can share some that helped me
1. Plan towards it
2. Be Frugal and minimal on spending ( don't buy why you don't need)
3. Build an emergency fund
4. Save to invest, this is most important because it's a proven way to get richer. Very important to financial success
@@svetlanalena3208 Jewels this is a very valuable info thanks and congratulations to you 😊
i cant believe a 21 year old explained the process much better than my older 30 something year old brother. Thank you!
I bought my first house at 20 I worked two jobs and went to college it was hard but I wanted my own house badly
Wow! That’s amazing, well done girl!! Hard work and determination can get you anywhere!💗💗
That yeah you can achieve anything if you want it badly enough. I have been in the house for 8 years now I also bought a new build we are now starting to paint and making it the way we want it new shower ect
So true! That’s so good, congrats!! You’re killing it!!💜
Well not everyone earns as much as you do so bare that in mind.. I worked 2 jobs and still even struggling to make ends meet.
Hello Luke I was minimum wage for 17 to 18 year old I wasn't make that much I was still having to pay rent to my mum and keep a car running it's want you prioritise
This is such an interesting video and it really should be something schools should teach
So glad you found it interesting! Yes exactly I totally agree! 🧡
@@JessicaJayneTurner 💜
@@JessicaJayneTurner hi kids today we will learn how to buy a house. You probably won't need to know this for 20 years, but I'm sure you will all retain this information
Well done you it’s a great step to take I bought my first house at 22, I’m 26 now and I am in my third house 🏠 and it will be my forever home now as I’ve my baby boy! Xx
Thank you so much! Oh wow that’s amazing, well done girl - hope you and your baby boy are both well!💞
Im 21 and still cant decide what to eat today
Same and I’m 26-
Meatballs
So smart for a 21 year old! Usually people aren’t bothered about these things at this age!
I'm trying to buy a house now (I'm 19 😱) and I'm really confused by it all so thanks for this video made it all so much clearer. It's so complicated
That’s amazing - best of luck with it all!! So glad I could help! 💜
Congratulations sisssss. I'm planning on buying one at 22/23. I'm 18 ATM and at university. I'm fortunate enough to live with my parents and they don't charge me for rent either
Thank you! That’s amazing! That would be super exciting, just keep saving!💞
Congrats! I bought my first 3 bed house in West London when I was 24. Made a lot of sacrifices from age 16 to raise a 35% deposit including holding 2 jobs whilst at uni and working 6 days a week over Xmas, Easter and summer holidays instead of partying. Interest rates were very high back then over 5.5%. Glad I took the plunge as the property has more than doubled in value. Its hard work but reward is great
18 finished secondary school, did a year of college and then dropped out, got a job, and now I’m learning more on TH-cam about finances and important stuff then I did six hours a day at school for God knows how many years
If you don’t mind me asking, did you go back to education?
@@quldibaloch34 not at all. And nope I didn’t go back to education in 19 now. Lucky when Bitcoin was around 2/t3 thousand pound I bought into it and now I dabble in crypto a bit more
@@itskeke-wk8ng ahh that’s amazing!! I think the education pathway is sometimes deemed as necessary and was wondering myself if I should go againsit
Fairplay to you for this, I've just moved into my first house at 28 and feel like that's young! Would usually say at 21 to live a bit and enjoy things when ya young but it's very admirable to see someone so young so focused etc
Thank you for noting that the average age to buy a home is actually in your 30s! It’s super impressive that you were able to buy a place at 21 but I feel slightly less behind in life now. 😅
Im 19. Saving up for a house to do Real Estate whilst I serve the military. Thanks for you the run through of the process and your experience.
Congratulations on buying your first house! Me and my partner brought our first home and moved in March 2020 and I was 21 too!!❤️
Aw thank you! That’s amazing congrats too! Hope you are all settled in now 💞
Jessica Jayne thank you so much!! We are almost there, we just don’t have a sofa yet but should be getting one very soon🤞🏻❤️
I live in London and to buy a flat or house you’re looking at minimum £40k saved 🙈 well done on your house, it’s lovely! Xx
London prices are so crazy!!! Thank you so much!💞
£40k? More than £100k for the houses I’m looking at just for deposit crazy here
Congrats, I bought my first house when I was 19 due to a great job and saving bonds. It was the best decision I could of ever made!! Currently 21 now
Just to point out , Help To Buy ISA has now stopped. However, if you have already applied before December 2019, it will be valid till 2029.
A new scheme has been setup...its worth checking it out: www.gov.uk/government/news/new-help-to-buy-scheme-open-for-business
i’m 18 now and i’m starting to look into buying houses and finding different ways to gain more income. i’m also planning on living with my parents (so happy they don’t charge me rent) until i can afford to buy a house. Thanks for the video, it was so helpful !! x
I personally do not recommend buying your first home with a partner, (especially at a young age), unless you or they could afford to take on the house alone and buy out and refund the other party with their deposit contribution if you break-up. I know many young kids that have scraped in with a small deposit, 95% LTV mortgage and are paying over 3% in interest and wouldn't be able to meet the liabilities.
Buying a house later in life when you are 30+ is better, you will have more money behind you and you'll be able to assess where you are going and what you want in life more clearly.
I have 2 kids now 29 and 28 both own their own houses, it can be done....always drummed into my kids the importance of investing - they were each given £2000 each to start then off at 18 and the rest was up to them, they both did this while renting together and living away from home too. To provided an example of the power of investing - if you started with that same £2,0000 contributed £250 per month at 8% you would have over £21,000 after 5 years and over £50,000 after 10 years. Increase that to 11% and it’s over £23,000 after 5 years, and almost £61,000 after 10 years. Ok people have been lucky over the past 10 years because the stock market has been really strong but I’m just making a point.
Finally even if we are not looking at houses - people should really look at investing their money the power of compounding is truly wonderful.....if we take those figures to 30 years. We get over £390,000 at 8% and over £760,000 at 11%.
Or you can just start your own business and make 10x that in a year.
@@JordanVlogs-QWA business risk failure is higher and often permanent...
Also, the £1 a month is just to ensure you have a live direct debit set up ready for when those interest payments kick in :)
Me and my partner are still saving for ours so we’re hopefully looking at purchasing our first house end of 2021 to beginning of 2022. Exciting times ahead! Thank you for the advice! Xxx
Aw that’s so exciting!! Best of luck lovely!💞
You know you have only paid for the deposit only but that is your definition of buying a house.
I mean, taking out a mortgage is still owning though. Like even if you own your house outright, you still have to pay taxes and utilities and repairs and maintenance. There will ALWAYS be costs associated to home ownership. There is NO way to own a house without paying ANYTHING.
We completed on Friday :) I brought my house at 31 I am happy with that :). In my 20's I was traveling alot wasnt thinking about a home x
First, congratulations!
Second, TH-cam recommendations kicking me when I’m down lmao. I almost built my own home in Colorado at 20, but then both my parents vans broke down, my poor little sister damn near died of a rare condition (U.S. med system) and after that I felt so bad for my parents I payed for a family vacation (all 11 of us). All in all, my life savings and my job (due to quarantine) gone along with my will to live :D
Sorry for this self pity garbage on your good video, but I needed to rant a bit.
You will remake the money, but the memories are amazing 😘😘😘
Bismillah Kosser hopefully, I’ve been applying to different jobs and I’ve gotten rejected by 6 different places so I’m kinda losing it at this point. Maybe 7th times the charm though lol. Out of everything though the med bills definitely hit hardest. Especially their transportation (emergency flight). The U.S. is ridiculous when it comes to healthcare.
Tom D the current economy is fucked right now and not many employers are hiring so it’s not personal, keep going. You will get a job when the time is right and you did the right thing ❤️
That's ok, you're still young and got plenty of time to make up for it, family first ❤️
Help to Buy equity loan is for first time and next time buyers until March 31st 2021. The government will put in 20% for you if you buy outside london and up to 40% if you are in London. From April 2021 the HTB equity loan will be for first time buyers ONLY and is then running for another 2 years. This scheme has nothing to do with the HTB ISA, a lot of the comments are getting this confused with the ISA.
Congratulations on buying your first house !!! 🎉🎉🎉
Thank you!🧡🧡
One thing that should be mentioned is that the equity loan will increase if the value of your house increases. There is also a minimum amount that you are allowed to pay off. Every time you want to pay off some of the equity loan you have to pay for your house to be revalued. This adds up fast. I really wouldn’t recommend people use it unless they can’t afford to buy a house without it. There’s lots of hidden caveats in the help to buy equity loan. The help to buy ISA is great, the help to buy equity loan not so great. I saved £10,000 in seven months by living off rice and beans and plan to save another £10,000 in the next six months and buy a house alone. Please don’t put buying a house quicker before affordability.
Hey, I mentioned this at 14:10 x
Fantastic advice... buying schemes are dreadful.. people who use them to buy a house (especially a large house they have no need for at 23 / no family)... could not afford independently... the buy schemes are hell...
Well done!💗 I bought my first house at 18, it was a new build also and it was such a stressful part of my life😂
Wow that’s such an achievement at 18!! Congrats girl!💞 thank you! honesty new houses can be such a stress haha! Xx
What age did you start saving xx
Wow
@@JessicaJayneTurner i bought my first house at 16
I wish I ran into investing opportunities while I was much younger, I would have been a millionaire by now. But currently bought my second house through my forex investment with an expert. Currently still earning $5k weekly, which helps me saves more.
Completely wrong about mortgage advisors! I am one and we don't charge any fees... Service shouldn't differ whether you pay for one or not and I think paying for one is wrong personally as there's many good ones who are free! All advisors will receive commission from the lender whether they charge fees or not. Solicitor fees for a purchase of a freehold property (a house) should be around £1200 but new builds are slightly higher
I bought my first place at 18. 100% mortgage, no deposit was needed. Sold it last year with 30k+equity. Not bad for 13yrs living there.
Huge congrats on buying your first house! Such an interesting video to watch too! I love your channel and I've just subscribed, you seem like a really cool person! ☺️
That’s so lovely! Thank you so much!💗
I’m 34 married with 2 kids We can afford the repayments it’s getting the deposit that we struggle with, start saving and the car dies or the fridge freezer packs in, hopefully this years the year the house fund can get topped up x
buying my house next year at age 21 as well ! congrats !
Ahhh that’s amazing - thank you, congrats too girl! 💘
What’s your job if you can afford a house at that age?
Congratulations, that’s amazing! My husband and I are 21 and hoping to buy in a couple of years. We decided last year that we wanted to live together so we’ve been renting and saving as much as we can. Your house looks gorgeous, we’d like a new build too. 😊
Thank you so much! That’s amazing - hope it all works out for you!💞💞
It nice saving up but to be frank investing is best, I recently just bought my second house worth a million dollars and it was through the $250k I invested earlier this year.
Jodi, what did you invest it
This vid was SO helpful! Me and my boyfriend are saving to buy in the next year and we are totally clueless😂😂 but this video has really helped. Congrats on your beautiful home! I’ve just subscribed😘
Aw good I’m so glad it was useful! That’s super exciting - Hope it all goes well! Thank you so much💞💞
Im starting college in September and i have a part time job right now and ima work so hard save up and me and my girl r gonna buy a house hopefully 🤞🏼
You got some good deals, but there are some other options which may be more suitable for first time buyers with less savings, for example mortgage products which include free legal fee’s etc
Thank you so much you explained it in the best way possible so we all understand thank you! You inspired a lot of us and congratulations on your house💗💗💗💗💗💗💗
What an achievement! Well done 👍😘
Thank you girl!!💞
Happy for you sis, keep grinding!
Thank you lovely!💞✨
Congratulations babe!! Inspiring. I hope to get mine around 23😫🙏🏼🦋
Thank you so much lovely!! You’ve got this girl - just keep on saving!💞
My brother and sister in law (was gonna be sister in law on the 30th of my but cuz of corona she is going to be in october I hope) bought a house at 20
She didn’t tell us how she made the money tho tf
Really enjoyed this video, the house buying advice was great
Jasper is our sons name! We’ve just bought our first house at 22 and 24! It’s a new build too!
Yeah, teaching this at school🤣 90% of things we learn at school are useless in life!!!
Well done and big congrats. I wish I had your attitude at 21😀
What city did you buy in ?
Congratulations! This is an amazing achievement!
Aw thank you!💘
How much did the house cost, and how much do you pay monthly
This is so interesting! I'm just gonna vicariously live through you while I sit in the US putting a housing deposit worth of money towards a college education instead 😂
Haha love that! Honestly college is so expensive isn’t it!😫💜
what is your plan after 5 years? will you sell and move on to pay off the loan or can you reportage? x x x
Aimee Davies most likely remortgage I think💞💞
@@JessicaJayneTurner why would you remortgage? curious. thanks
@@NaughtyBwoi because you could get cheaper interest rates so monthly payments would work out cheaper
@@NaughtyBwoi you remortgage, so you can take the money out of the mortgage that you already paid in and with that money taken out you can pay off the gov loan.
Did you buy a house in london, my boyfriend & I want to begin mortgaging I want to stay around London with a new build which I know is expensive but he wants to move out of london with houses that would need a lot of renovations. Any advise
Hiya, I saw your comment & thought I could help! Houses in London cost so much more than most other places in the U.K., so maybe look into buying a house just outside London, eg Essex, Hertfordshire, etc places which are close enough to commute quickly and easily. Hope that helps x
You did not buy the house. This house belongs to the bank, until fully repaid.
Hi, we are buying a new build as well! We’ve got to putting the offer on the house we want, do you mind me asking did you go on or below the asking price? And was it a lot below? I’ve just found your Chanel and I love it!!
Hey! That’s amazing! We went below the asking price - Our first offer wasn’t accepted but they came back with a counter offer staying ‘this is the lowest they would accept’ so we went for that as we knew there were other people interested in the property💞 Best of the luck with buying your house!😊
Sorry for hopping onto your comment, so you can put an offer in on new builds too? X
Me: writes all this down
"You can only use your Help to Buy ISA to purchase a home worth a maximum of £250,000, or £450,000 in London." - £450k in London phew... Had me scared for a second
Good point! They need to teach us things like this at school! Like life skills... I was tied up with a mortgage at the age of 23 aswell !
What I need to know is how much savings you think you need to start thinking about buying a house... xxx
You want at least 10% deposit really, so worth seeing how much you’d be eligible for and then working towards 10-15% of it x
Well done! I'm buying my first property at the tender age of 31 lol maybe by my age you will have multiple properties ...fingers crossed.
Thank you lovely! That’s super exciting - hope it’s going well 💘
@@JessicaJayneTurner It is thanks for asking x
Amazing video this has really helped I'm hoping to buy within the next year 🤞🏻
Ah I’m so glad thank you - that’s so exciting, best of luck!💞✨
Don’t the government own that 20% eg. If you sell your property for £100k you would need to pay back £20k even though you’ve technically paid off the loan?
Im 18 and my partner is 25 we want to buy i have been working full time since i was 16 and ive been ready to move out for a while living at home is stressful for me and i need my own space but i just know ill never be able to
Congrats on your house 🥳I’m currently 19 and thinking of buying a house in a few years. But I just wanted to understand the concept more, so if the house cost 300,000 roughly how much deposit would you put down and roughly what would the mortgage be monthly ? : )
usually, lenders want a 10% deposit and need to know your financial history for the past 2-5 years. Being young, it is harder to get a larger mortgage as its more money to pay back.
Interest will be crazy too
You want at least a 10% deposit but deals are generally better if you can get 15%. Need to take into account solicitor fees etc too. The monthly repayments completely depend on what rate you’re on - so what % interest you’re paying for it. If you have a great credit score then you can generally get access to better rates. x
Congrats on your purchase we are looking for land atm
Thanks for doing this it's really helped me xx
I’m so glad it’s helped! Thank you!💞
where I live average price for a detached house is 700k-800k we are screwed living it certain areas
Most people can not afford a house at 21 because they get paid from work and spend 70% of their wage in less than a week on things they don’t need. E.G getting pissed on the weekend
So True
Well it is the UK. Spending money at the pub is the norm, things are slowly starting to change though
This was so helpful and detailed thanks x
I’m so glad!!💘
This was so helpful! Just wondering would getting an AIP before going to view properties be a good idea too as then you know you're definitely looking at something you know you could get a mortgage for?? I wouldn't want to seem silly putting an offer in and then not getting a mortgage for it haha!! Or would you just recommend using the mortgage calc first like you did? Xx
Thank you lovely! Yes definitely get an AIP if you have any doubts as to how much you can get a mortgage for - I felt a bit like this when I didn’t have an AIP and put an offer in but it all worked out in the end haha! Would definitely recommend speaking to a mortgage advisor though and see what they say 💞xxx
Super interesting video. You explained everything really well. I'm super inspired, Just subbed x
Ah thank you so much! 💗
Me and my boyfriend want to move out at 18/19, but we will still be in education and only have part time jobs so it’s hard to put in an average yearly salary and calculate the whole thing! Thank you for your help though this video us great. Deffo subscribing!!💞
Yeah that would make it so much more difficult! Best of luck tho just keep saving! Thank you so much lovely!💞
That 8% is a lot of , like 1/3rd of my annual income lmao
can use a lifetime isa for properties £450,000 or less
Congratulations
This is sooooo helpful
Ah good I'm so happy it is! Thank you for watching! 💞
So what happens if you get noisy anti-social neighbours moving next to you? what happens if your boyfriend leaves you? and no i'm not a troll, i'm just being realistic
These are all risks but I think if you live constantly thinking about the ‘what ifs’ you’ll never do anything! We can always sell the house in a worse case scenario 💗
I mean, to be fair, you can get into those situations with renting too.
Congrats and thanks for the insightful video! 😊
Ah thank you! So glad it’s useful!💜
I found this really helpful! Thank you xx
I’m so glad you did! Thank you!💗
Im loving your videos atm,only recently subscribed❣️and also im turning 21 in October and im deciding to look for a house with my boyfriend of 2years and ik its going to be stressfull😣but itll be worth it in the end! 😁🤪🏡💸✅💳
Aw thank you Paige! Ahh that’s super exciting - hope you find yourself the perfect home! Yes it’s stressful but so worth it 💞
What is the difference between paying the deposit and paying part of the house off ?
Just found your channel, loved this vid💗
So glad you love it! Thank you!💘
Congrats... I wish I had that mindset at your age.
Great vid! So happy you have a house! Xx
💖💖💖💖💖
OMG, amazing!! You helped us to understand some steps. Thank you so much!!
Aw good! Thank you!💗
How? Education from parenting is most important
So when you wanna start buying a house and you have enough money saved for a deposit do you start looking at houses first or going to the bank and saying you want a mortgage first? Also I'm not very fluent on bank talk at all but what is an interest rate exactly? What does it affect?
Go to a bank or mortgage adviser and see how much they are willing to lend you. Then you will know what price range you can start looking at.
Theres no point looking at £300k houses if your deposit + mortgage will only reach £170k.
Hi Jess, congratulations to the both of you🎉I was wondering why weren’t you able to use the savings from your ISA help to buy?x
Thank you so much!💞 With the help to buy isa, you can only buy a property worth a maximum of £250,000 (outside of London) so we weren’t able to use it xx
Jessica Jayne Ahh I see...thanks x
May I please ask how long the process took all together please
It's quicker for new builds if you have everything in order for your mortgage once you have an offer accepted it should take less then a month. But if you're buying from someone else and they're waiting to move into their house that's called a chain and it can take a long time.
It took us 6months from putting an offer in - we had no chain, but we weren't in a rush! :)
Thank you
Congrats!!!!
Thank you!!💗
This is a great video!🥰
Thank you!💕
This was really interesting tbh
Hi I've just started following you. We are hoping to buy currently renting our new build and want to buy it. Can you buy if you use credit cards that aren't paid off but you pay monthly payments? Xx
Yooo, your channel is going to blow up! Let me know if you need an editor!
I’m 12 rn and I reallly want to buy a house when I’m older but I have no clue how to earn the money or antthing
Google high paying jobs in the UK so you have an idea of which career to get in to
That’s absolutely insane
My credit score is quite shitty so can’t get any mortgage 😩😩😩😩
if you was black you'd get one
JN D excuse me explain yourself mate
JN D wtf does race got to do wiv it lad...😳
great video, thank you and congrats!
Thank you!💖
New subscriber! I need to buy a house I'm tired of renting.