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- เผยแพร่เมื่อ 28 เม.ย. 2024
- The salaries Londoners think they need to earn to buy or rent property in the city varies from answer to answer. How much do you think you need to earn to afford a house in London? Let us know in the comments below 👇
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All the people in the video were clueless. The guy who said earn 2k a month doesn’t realise that is the rent 😂
Exactly
Well not really. London isn't just one price all over is it. It depends on the part of London you can rent from 700 for a house share to 1300 for a house in some parts so that guys not really wrong is he. You don't even know what part he's talking about. Ur just making assumptions
The last girl really didn't understand the question!
They pay cash !.
Thanks for pointing that out pal
This is a compilation of people who did not understand the question lol
Everyone needs to stop thinking Gross and starting thinking about everything Net of tax. This is why so many people’s finances are stretched they think they earn more than they do. You’re not £100k you’re on about £60k etc etc
This man's question hurt my brain, it sounds like he doesn't actually know the question he's gunna ask when he asks it.
£2,000 per month lol my rent for my 1 bed is £1,500 alone he’s completely clueless 😂
He probably lives with his family in family owned house/flat.
London is a BIG place with properties varying from 199k to 19 Million. Me and my partner both earned 50K and we could afford a nice little house in brentford.
50k each ?
Housing went way up during covid. If you want to comfortably mortgage a house without having to worry about any financial problems later down the line you probably are looking at about 100-200k a year.
@@apoorww1veteran994so basically no one
my guy said 2000 a month 😢 Impossible
He is living at home with the other 6 members of his family in a house that was probably bought 30 years ago.
ha where i live in uk i get about 1.8k after tax and i am on 20% more then minimum wage coz i do night work
In bexley London rent is average £1100
@@deanwhittle1301 mate I work 36 hours a week and monthly I end out with 1.5k and that's before tax, that's called minimum wage right there man 😂
@jackhebdon8360 I do 40 hours get payed 37.5 hours
Buy a house in London you're really looking 75k+ plus Pa. 75k would get you into a studio flat worth say £300k.
But a studio flat is not house, so ....
@@erict.watson2460 I was commenting that the 75k salary would get you into a studio flat. Not a house which the question was asking. You'd need 100k and more if you wanted to live somewhere half decent.
The Asian lady is the only one answering correctly though. You can earn 10k to buy a house if you have a 95% deposit.
You need a salary of upwards 120k
63K should get you a decent outcome
That last girl probably has parents who bought her a flat in cash when she came over for uni. 😂
1person,1property.somethings gotta change.its a bad look on older ppl that young ppl will never own property.how much are the next generation going to have to pay for a house.
I think there was a better way to ask the question
Depends on where, what size, how much deposit etc
Maybe one of them understood the question.😅
Easily done by excel reverse engineering: to buy a house for 500k, both of you need at least 83k for income together or 43k each, which is 2800 per month. And you two together will need to save up for 5 years for 25% down payments.
For real people don't have a clue. Even earning more than 100k in London doesn't guarantee you to be able to buy a house in the current mortgage market. The interests at 5% are just insanity at the moment
Average detached in London is £1.3m, assuming a 10% deposit of £130k and a £1.17m mortgage, you'd need a household income of c.£300k.
Would be nice if you put up some real stats at some point so we have a way to gage people's understanding
Assuming you’re not partaking in any of the help to buy schemes..
Banks will lend you up to 4.5 x your annual income as a mortgage or 5 x collective salary if buying a house as a couple.
You’ll typically need 10% deposit minimum.
500k flat/house, 50k deposit (10%) 450k / 4.5 = 100k a year you’d need to earn on your own or 90k between two (90k x 5 = 450k)
Houses tend to be bought on joint incomes so half these estimates.
Didn't use to be the case. 1950/60/70's only one adult in the household needed to be out earning a wage in order that a house may be bought and a family started.
Since women increasingly wanted to go out and work, Society has now colluded to ensure that two incomes are now necessary in order to get by.
Me and wife (non Londoners) are on 110k (both) we were offered a mortgage of 450k, we have abt 30k for a deposit. Even that's a push, may get a 2 bed in Ilford at a squeeze.
a 30K deposit is almost nothing for a 450k property, you're gonna pay a fortune in interest. Back out of your deal now if you still can
@@JosM1599 nah I aint gonna proceed as its stupid and the interest would be anal. Lol, surprised they offered that much though. I'm just saying IF I REALLY wanted it.
Depends where in London.
People are delusional.
Theres plenty of properties in the range of 250-270k
Nice 2 bed flats, which come to £1400 monthly
You need a salary 47-65k to afford that, and be disciplined to save for 2-3 years
Oblivious, you need to earn at least 6k a month to be able to afford a mortgage in London
Lol they all don’t know the question
To buy a house, one will need to be earning at least 100k a year minimum
Salary is largely irrelevant, it’s about how much you save.
i dont live in London and house near me are around 160k-210k for a good ish one and i am on 20% more then minimum wage and the bank will not even lend me money for it even if i went on a 30 or 35 year mortgage i am 32 year old and i have 30k cash atm for deposit they would only lend me 115k max for 210k house if i go for 35 year mortgage thats like 900 ish a month mortgage atm i only get 1.8k month so the house will cost over double or more at the end
Even the smallest studio bedsit is over £1k a month
Clueless
Foreigners interviewing foreigners. This is London. How incredibly depressing and laughable.
After tax about £80k per year. That is just for one person. It is absurd to think about.
This is the craziness we get to with uncontrolled immigration. If London was English people only, the prices would be far reduced.
The first guy is totally ignorant!!😮😮😮
500K to buy so about 120K salary.
Welcome to London where, nobody speaks English
Millions
The worst wages of the west.
2000 😂😂😂😂
I’m sorry but bit of a daft question. You may as well walk around a say “Nice house, what do you do for living”. You all are just scraping the barrel with this nonsense.
2000 a month? lol whars he talki g about, and the lady dont understand the ques
Indian guy has no clue
Huh???
any white people in london?
don't ask freshies 😅😂😂 they still think they're in India
I'd never buy a house. I'll just rent and live.