MORTGAGES UK Explained - Basics and Terms to know
ฝัง
- เผยแพร่เมื่อ 18 ก.ย. 2024
- MORTGAGES UK Explained - Basics and Terms to know
You can find my blog post about this video here with full details:
wp.me/p5eEI4-Ls
If you would like to support my work and receive exclusive content, please check out my Patreon: / jenniferkempson
If you enjoy this video, here are some others you might enjoy of a similar investing basics theme:
😍How to Become A Millionaire at any age • HOW TO BECOME A MILLIO...
The Money Stacks System (that I use to budget and create financial freedom for our family) - • THE MONEY STACKS SYSTE...
💵How to Open an Investment ISA (Stocks and Shares ISA) • Investment ISA - How t...
Intro to Investing ➡️ • Investing for Beginner...
Want to know your exact financial freedom number?
➡️ • How to Calculate Your ...
My products you might love:
AutoPilot Money System for all your budget, financial freedom calculations, debt repayment system, Net worth calculator, Sinking funds and Investment Tracker
bit.ly/goalsspr...
MY BOOK - The Master Money Blueprint available on Paperback and Kindle - amzn.to/2IThc9w
The only step by step course that shows you how to design a Budget that allows for financial freedom and also creating the life you want. Check out my
BUDGET SUCCESS BOOTCAMP Mini-Course here // bit.ly/BudgetSu...
Equipment I use for my videos:
Audio Recorder - amzn.to/2TUBpOG
Microphone - amzn.to/2MwFkk0
Camera - amzn.to/2KOFVeD
Laptop - amzn.to/2MwEHHa running Final Cut Pro X
Where else to find me:
Blog: www.mamafurfur.com
Instagram: / mamafurfur
Facebook: / mamafurfur
Pinterest : www.pinterest....
DISCLAIMER - Any advice given in on my channel and videos is for information purposes only, and does not act as financial advice. Your financial decisions are your full responsibility, and if you are in any doubt, please contact a Finance adviser before undertaking any investment with your money or change to your financial activities.
TAGS : #mortgagesuk #investinguk #homeowner
Great videos, only recommendation is to split the video up into sections with written labels in the video to 1) keep us focused 2) makes it easy to follow
Totally agree - so much so, I've invested in new editing software so look out for those changes coming this week!
@@JenniferAMThomson Great investment! 😁
Yes good vid thanks, you could also add whiteboard to the picture, knowledge would sink in better then.
Also, Nationwide are the only bank that if you overpay not only does it come off your capital and reduces the interest but it gets put into an ‘overpayment reserve’ which say you have 6K in there and you lose your job, call nationwide and use that to pay for it and doesnt affect your credit rating as its your money! Alot of weight off the shoulders! And best bit is no charges!
That's great - thank you for sharing that!
Wow that sounds incredible! All banks should do that to be honest.
Thanks!
Clear and straight to the point in an easy, digestible way. Thank you for the video!
This has come out just as I am thinking about seriously getting on the ladder... thank you!
Exactly the video I was looking for. Fantastic content. I'm going to check out your other videos.Thank you so much.
Glad it was helpful!
Thanks for your amazing videos, very informative.
This is so helpful, thank you!
Thank you for this very informative video mam!
My pleasure 😊
I know that we are required to present proof of address from the last 3 years. What counts as proof of address for a mortgage application?
Thank you Jennifer. This was very informative And easy to follow!
Hi how to reduce the value of my property? I have help to Buy and I want to reduce the value of my property. I'm thinking to install solar panels and battery on credit do you think this will help thank you
Very helpful . Thanks x
Glad it was helpful!
What percentage of monthly income should go towards my mortgage? In America it is often said all housing costs should not be more than 25% of your monthly income. Which just seems very unrealistic with house prices here. I would really appreciate your opinion on this.
I think this is very personal, but as long as you can comfortably afford it and a small overpayment (to get rid of it quicker) is ideal.
I’m going for the absolute kill. I’m going to raise all the cash and be a cash buyer. The idea of being a slave to a bank or provider for two decades is awful. Not too mention all the penalties.
Good luck
Great video👍
Great video!
Can I ask for your help? Our product has expired after 2 years yesterday but we’re also selling our home and the offer has been accepted at both ends. So do I pick a new product first to cover the one that’s expired or do I just start all over again with a new one? Will there be any fees if I start again? I want to stay with our lender for ease but the products they’re offering to existing customers don’t seem that great. I’m so confused!
Hi just learning about mortgages.. do mortgage payments stay the same throughout? and is this different with an interest only mortgage? Just running numbers and thinking rent will rise over time just wondering if the mortgage goes up or down, Thanks
Very informative
Love ur videos! Quick question, if u don’t mind answering please. In variable rate u said u can pay off ur mortgage if u can- if the remaining balance was £20,000 could I just pay £20,000 off and be mortgage free? Or would there be a charge for paying it off!
Thanks x
Usually there will be added charges, but I would ask the bank for a full closing amount for sure!
@@JenniferAMThomson thank you for your reply! 😊 x
My bro has 40grand and wants to buy a 120,000 house would this be a good deposit to put down to get a low interest mortgage?
Hello , I had a question can in a fixed term interest rate can the bank change the interest rates in that term? for e.g say its 1.7 % for 5 years fixed. In this 5 years can the bank change this rate ?
Fixed term, means its fixed for that term of time
The word fixed means the rate doesn’t change in those number of years in your mortgage contract.
Can someone tell me, if I get a mortgage for £100,000 and the projected interest I will pay over the life of the mortgage (say 10 years) is let's say another £100,000 on top of that. I then sell the house after 5 years; do I still owe the bank the remainder of the £100,000 projected interest or do I only need to pay back the lended amount?
You owe the bank usually the full loan outstanding plus the interest accrued until that point, plus any early payment fees and charges.
You buy a home with a mortgage but you don’t know how much you will pay for the home?
The interest rate fluctuates so you buy a home but you don’t know how much you end up paying for it.
Usurious banks to the core.
Love your accent, are you from scotland
Yes indeed! Glasgow born and raised.
Mortgage equals stress
subtitles por favor
I guessed she was Scottish before I even cliked on the video...
I wouldn’t buy a house in the UK, most of the houses are overpriced and overrated anywhere in the UK and even that some of the them are really old, anyway UK economy will start to sink in few years due to Brexit and Coronavirus pandemic
Well some people can’t exactly move to another country
You can get a 3 bed house where I live in lincolnshire for £80,000 very good if you ask me lol
Economic rescissions come and go but the fact remains governments consistently miss housing targets and bring in hundreds of thousands of migrants. Uk property may be small and overpriced but there will always be demand pushing the price higher