Over 1.3k views, lets all support Ellie on her journey, as we all know buying a property is hard enough these days, let alone in London of all places, she is a down to earth normal woman, I mean her Dad helped her move, driving the hire van to pick up her belongings, none of this "hire a company to do the packing and delivering", even down to showing that they have lights now, it is these little things that make it that bit special. Subscribe and like the video/vlog -- lets all get behind her and make this special moment even more so, it only takes a few seconds but can make all the difference.
Thank you! That’s lovely. And it totally is, my savings account still hasn’t recovered, there’s soo many unexpected costs and things crop up, I feel like I’m fixing something every month! Haha. Really appreciate your comment 😊x
Congratulations, this randomly came on my feed, I am a sparky, I would get an electrician to have a look at your electrics at some point as the consumer unit looks like it could do with upgrading.. Should not cost the earth as long as everything else is all good.. Well Done...
Thank you Steve! I have actually had an electrician in and the fuse box (if that’s the same thing) has indeed been changed. Paid £500 if that sounds about right? They’ve also done many other jobs around the flat like wiring in bathroom mirror, extractor fan, hob, and changing pendants. It really mounts up doesn’t it 😅
@@ellssmurphy Yeah that sounds about right (fusebox is just old name for consumer unit when they used to have actual fuses but you can still use it, people know what you mean)... Welcome to the world of property ownership, people forget when they rent that you have maintenance and service charges that can add up. Its great to see young people (God im 41 and starting to call people young people) getting on the housing ladder, no matter what people say it is so much harder to do it now than at any time in the past so well done its a big acheivement...
Honestly, I buy the hob and you don’t realise you need an electrician to wire it in… I buy an extractor fan and that costs an arm and a leg to wire in… everything’s so bloody expensive 😂 but all worth it in the end! And I do agree with you. I’ve recorded but yet to edit a video explaining how I did it, hopefully it helps someone else!
Congratulations, hard work always pays off in the end ... I have only just found you on YT, looking forward to watching PT-2 and any others that you are able to create ... be nice to watch your journey and what is to come ... Angie x
Thank you Angie, this comment has made my day! Appreciate your kindness and support! If you click the notification button on my channel it should let you know when the next upload comes :) x
Congrats on the purchase, I'm 23 and find myself in a fortunate situation to start looking for a flat as well, hopefully interest rates will gradually fall as the UK's economy slowly grows
Thank you! My biggest piece of advice is to not focus so much on interest rates. Mine is 5.19% and is still £600 lower than if I was renting the same flat. Focus more on the difference in repayments than waiting for rates to go down, they’ll be up and down over the next 30 years of the term so you might as well lock in your dream property asap for a price cheaper than renting, you can remortgage in a couple years! There’s also tracker rates which is where you’re not fixed in, a temporary measure while you wait if you wish to whilst still securing the property you want!
@@ellssmurphy great advice - I'm in the same boat re cheaper than renting - I'll buy no matter what, but can't help but hope for lower interest rates moving forward!
@@atkinse1719 ahhh no way!! Quick turnaround. Congrats on doing what most people can’t which is identifying what you want quickly and getting out there and finding it! I’m so excited for you!!
Hi well done you keep it up you are doing a great job and having fun making some brilliant videos superstar Ali Walsall west midlands england junction 10 m6 Walsall churckery up the walsall
@@ellssmurphy Oh i see, i just find it really hard here in London to buy something even being much older than you. So I got curious how its possible as lenders usually just go for 4-5x your annual income as the max sum to borrow and on average people in London save up 15+ years for a deposits alone..
@@cibuya I’m in a commission based role and happened to have my best 4 months line up in a row, lenders ask for last 3 months payslips. 5% deposit using a 95% mortgage for a property that’s sized for only 1 person to live in alone, small 1 bed / borderline well-proportioned studio, price in line with size of the flat. I think someone buying in a couple in regular 9-5s or wanting more space wouldn’t have been able to do what I’ve done x
Congratulations on your new home! However, have you ever thought about the idea that, with a mortgage spanning around 30 years, it might feel more like renting until it's fully paid off? For instance, if your house is valued at $700k with a 6% interest rate, you might end up paying $1.5 million in total. This essentially means that the bank is making a substantial profit. By the time you decide to sell, you might only get $1 million, which could result in a significant financial loss over time. It's important to consider how the banking system operates and how it impacts young homeowners. Often, homes are valued higher not necessarily because of their worth but due to the financial structures in place and our own desires to achieve personal and social satisfaction through ownership. But again, I apologize for pointing this out. We all are sadly part of this financial system trap.
@@areebhasan2797 hello! It’s okay, it’s an interesting topic. Let me break down my point of view. I mentioned in an earlier comment that my mortgage payment with a 5.19% interest rate is STILL cheaper than how much I would pay renting. We all need somewhere to live, and if it’s not a mortgage payment, it’s renting or living at home forever. Nobody gets a free ride in life sadly. So if I don’t want to live at home all my life, it’s renting or repaying a mortgage payment. I only put down 5%, utilising a 95% mortgage, as I didn’t want all my cash tied up in a residential purchase. So I’m not at that much of a loss and without sharing figures, people are generally surprised at how little I put in to get to where I am. A small stake. So if my repayment with a mortgage is £600 less than a rental payment (which is 100% in someone else’s pocket), why not lock in a high yielding asset I can rent out in the future if I have a change in circumstance? I could travel Australia for 2 years and rent out my flat, funding my living. You don’t get that with renting. I think people focus too much on % and less on the actual repayment amount being paid. I’ve secured an asset for life in London while also benefiting from £600 LESS to pay per month in London, and for me on my own, that’s a BIG saving. In my position, I am saving money. London is a funny market and interesting one to be in, but I’ve definitely made the right decision and essentially set myself up for life in my view. And let’s not forget that London capital appreciation… I bought under market value to begin with 😊
I definitely got lucky with this one but they are out there! The lady that owned it previously was elderly and I believe she went into a care home. I paid asking price as it was still in my budget to do so, they got what they asked for and I secured the property. Buying a property under market value doesn’t always mean getting money off the asking price, check out what others have sold for in the building like it in the last few years then make your judgement 😊x
😂😂😂the day you pay off your mortgage is the day you will be a home owner 😂😂😂enjoy the compound interest and dont miss payment your officially in debt for 30 years
There are two ways to respond to this comment. I can match your energy and tell you to enjoy renting for the rest of your life with nothing to show for it… or I can educate you. Let me know which you’d prefer. For example, my mortgage payment is £600 less than what I could rent it for in the London market, so sure, I’ll enjoy it alright. May even book myself a spa day or two with that saving… Be kind, especially when you’re clearly not as clued up as you think you are.
I'm not a hater but you making out to people that what you doing is a good thing lolol compound interest will destroy you and every 1 who takes a mortgage out with a bank !! By the way I own a house mortgage free I'm 39 every penny I get goes in my pocket my 11 year old car is payed out right and was bought with cash my insurance is payed upfront I just bought a 10k kitchen for my house with cash no finance I dont have a single direct debit mugs like you cant afford it that's why you loan everything enjoy those payments and dont miss any or you lose the lot sucker
@@swrv_sounds Thank you, I really appreciate that! It’s good advice and advice I’ve heard before. I believe you can overpay up to 10-20% a year depending on your lender before you encounter an ERC (early repayment charge)?
Randomly stumbled on this and just want to say congratulations 🎊
Thank you 🥹 that means a lot!
Over 1.3k views, lets all support Ellie on her journey, as we all know buying a property is hard enough these days, let alone in London of all places, she is a down to earth normal woman, I mean her Dad helped her move, driving the hire van to pick up her belongings, none of this "hire a company to do the packing and delivering", even down to showing that they have lights now, it is these little things that make it that bit special.
Subscribe and like the video/vlog -- lets all get behind her and make this special moment even more so, it only takes a few seconds but can make all the difference.
@@angiebaker1161 you’re so lovely Angie, thank you! ❤️
HOW I DID IT video out tomorrow 6pm! 🙏🏻
Congratulations and how absolutely wonderful! Well done on all your hard work and sacrifice! Hope you have many happy days in your lovely new flat! ❤
Thank you so much!! X
Congrats Ellie, its an absolute achievement to get this in London!
Thank you! 🙏🏻
Hey Ellie, congratulations 🎉 looking forward to joining you on your new journey. It’s scary parting with sooo much money. ❤
Thank you! That’s lovely. And it totally is, my savings account still hasn’t recovered, there’s soo many unexpected costs and things crop up, I feel like I’m fixing something every month! Haha. Really appreciate your comment 😊x
HOW I DID IT video out tomorrow 6pm!
D.I.Y DIARIES - PART 1 🤍 renovating my london flat!
ua-cam.com/video/7uxUB6Qh0NU/v-deo.html
Congratulations!! All the very best for your new home! ❤
Thank you!! 😊
Congratulations Ellie, so proud of you xx❤🎉
HOW I DID IT video out tomorrow 6pm!
Congratulations!! 🥳 so many exciting things to look forward to! 🥂
Thank you!!
Congratulations, this randomly came on my feed, I am a sparky, I would get an electrician to have a look at your electrics at some point as the consumer unit looks like it could do with upgrading.. Should not cost the earth as long as everything else is all good.. Well Done...
Thank you Steve! I have actually had an electrician in and the fuse box (if that’s the same thing) has indeed been changed. Paid £500 if that sounds about right? They’ve also done many other jobs around the flat like wiring in bathroom mirror, extractor fan, hob, and changing pendants. It really mounts up doesn’t it 😅
@@ellssmurphy Yeah that sounds about right (fusebox is just old name for consumer unit when they used to have actual fuses but you can still use it, people know what you mean)... Welcome to the world of property ownership, people forget when they rent that you have maintenance and service charges that can add up. Its great to see young people (God im 41 and starting to call people young people) getting on the housing ladder, no matter what people say it is so much harder to do it now than at any time in the past so well done its a big acheivement...
Honestly, I buy the hob and you don’t realise you need an electrician to wire it in… I buy an extractor fan and that costs an arm and a leg to wire in… everything’s so bloody expensive 😂 but all worth it in the end! And I do agree with you. I’ve recorded but yet to edit a video explaining how I did it, hopefully it helps someone else!
Love it! So proud of you girl ❤smashing it! Xxxxx
Thank you!!
Congratulations, hard work always pays off in the end ... I have only just found you on YT, looking forward to watching PT-2 and any others that you are able to create ... be nice to watch your journey and what is to come ... Angie x
Thank you Angie, this comment has made my day! Appreciate your kindness and support! If you click the notification button on my channel it should let you know when the next upload comes :) x
Congratulations. Such a lovely video from John in New Zealand 😊😊
John, that’s so sweet 🥹 thank you!
Congrats on the purchase, I'm 23 and find myself in a fortunate situation to start looking for a flat as well, hopefully interest rates will gradually fall as the UK's economy slowly grows
Thank you! My biggest piece of advice is to not focus so much on interest rates. Mine is 5.19% and is still £600 lower than if I was renting the same flat. Focus more on the difference in repayments than waiting for rates to go down, they’ll be up and down over the next 30 years of the term so you might as well lock in your dream property asap for a price cheaper than renting, you can remortgage in a couple years! There’s also tracker rates which is where you’re not fixed in, a temporary measure while you wait if you wish to whilst still securing the property you want!
@@ellssmurphy great advice - I'm in the same boat re cheaper than renting - I'll buy no matter what, but can't help but hope for lower interest rates moving forward!
@@atkinse1719 HOW I DID IT video out tomorrow 6pm!
@@ellssmurphy In the proceeds of buying :)
@@atkinse1719 ahhh no way!! Quick turnaround. Congrats on doing what most people can’t which is identifying what you want quickly and getting out there and finding it! I’m so excited for you!!
Nice to have lots of money and you wanna show it off. Stay humble and personally enjoy it
Who has lots of money? Certainly isn’t me 😂
Very well done and all the best for the future…..
Thank you, that means a lot
Super proud of you little cuzzie 🥰
HOW I DID IT video out tomorrow 6pm!
Hi well done you keep it up you are doing a great job and having fun making some brilliant videos superstar Ali Walsall west midlands england junction 10 m6 Walsall churckery up the walsall
👏👏👏
I am from Australia how long you live in London United Kingdom and will it get a population of 10 million people
I’m not sure this is a question for me
How much was the flat and how much downpayment did you do?
Hello! It’s a small 1 bed so was less than the stamp duty threshold, so £0 stamp duty, and I only put 5% deposit down utilising a 95% mortgage 😊
@@ellssmurphy there is a 250k general threshold but 425k for first time buyers like you. About 400k for a 1 bed flat sounds quite a lot.
@@cibuya it was less than the general threshold. Do you have a question? :)
@@ellssmurphy Oh i see, i just find it really hard here in London to buy something even being much older than you. So I got curious how its possible as lenders usually just go for 4-5x your annual income as the max sum to borrow and on average people in London save up 15+ years for a deposits alone..
@@cibuya I’m in a commission based role and happened to have my best 4 months line up in a row, lenders ask for last 3 months payslips. 5% deposit using a 95% mortgage for a property that’s sized for only 1 person to live in alone, small 1 bed / borderline well-proportioned studio, price in line with size of the flat. I think someone buying in a couple in regular 9-5s or wanting more space wouldn’t have been able to do what I’ve done x
greatttttttt
Congratulations on your new home! However, have you ever thought about the idea that, with a mortgage spanning around 30 years, it might feel more like renting until it's fully paid off? For instance, if your house is valued at $700k with a 6% interest rate, you might end up paying $1.5 million in total. This essentially means that the bank is making a substantial profit. By the time you decide to sell, you might only get $1 million, which could result in a significant financial loss over time.
It's important to consider how the banking system operates and how it impacts young homeowners. Often, homes are valued higher not necessarily because of their worth but due to the financial structures in place and our own desires to achieve personal and social satisfaction through ownership.
But again, I apologize for pointing this out. We all are sadly part of this financial system trap.
@@areebhasan2797 hello! It’s okay, it’s an interesting topic. Let me break down my point of view. I mentioned in an earlier comment that my mortgage payment with a 5.19% interest rate is STILL cheaper than how much I would pay renting. We all need somewhere to live, and if it’s not a mortgage payment, it’s renting or living at home forever. Nobody gets a free ride in life sadly. So if I don’t want to live at home all my life, it’s renting or repaying a mortgage payment. I only put down 5%, utilising a 95% mortgage, as I didn’t want all my cash tied up in a residential purchase. So I’m not at that much of a loss and without sharing figures, people are generally surprised at how little I put in to get to where I am. A small stake. So if my repayment with a mortgage is £600 less than a rental payment (which is 100% in someone else’s pocket), why not lock in a high yielding asset I can rent out in the future if I have a change in circumstance? I could travel Australia for 2 years and rent out my flat, funding my living. You don’t get that with renting. I think people focus too much on % and less on the actual repayment amount being paid. I’ve secured an asset for life in London while also benefiting from £600 LESS to pay per month in London, and for me on my own, that’s a BIG saving. In my position, I am saving money. London is a funny market and interesting one to be in, but I’ve definitely made the right decision and essentially set myself up for life in my view. And let’s not forget that London capital appreciation… I bought under market value to begin with 😊
this is such a silly way to look at it. Like, I feel like it's trying to come across as smart, but it's just really silly.
For someone so young you really come across as very mature in your comments and analysis. Well done, keep it up. Hope you enjoy your new home.
@@catmou9225 thank you, I really appreciate your comment 😊
Why is the house so cheap i look like a well maintained
I definitely got lucky with this one but they are out there! The lady that owned it previously was elderly and I believe she went into a care home. I paid asking price as it was still in my budget to do so, they got what they asked for and I secured the property. Buying a property under market value doesn’t always mean getting money off the asking price, check out what others have sold for in the building like it in the last few years then make your judgement 😊x
😂😂😂the day you pay off your mortgage is the day you will be a home owner 😂😂😂enjoy the compound interest and dont miss payment your officially in debt for 30 years
woow how envy u r just say congrats she knows what she doing u think you are smarter
There are two ways to respond to this comment. I can match your energy and tell you to enjoy renting for the rest of your life with nothing to show for it… or I can educate you. Let me know which you’d prefer.
For example, my mortgage payment is £600 less than what I could rent it for in the London market, so sure, I’ll enjoy it alright. May even book myself a spa day or two with that saving…
Be kind, especially when you’re clearly not as clued up as you think you are.
Well done! Make sure you over pay for a few months in a year so you can forego those horrible interest payments.
Also @jordanboyd306 is a hater
I'm not a hater but you making out to people that what you doing is a good thing lolol compound interest will destroy you and every 1 who takes a mortgage out with a bank !! By the way I own a house mortgage free I'm 39 every penny I get goes in my pocket my 11 year old car is payed out right and was bought with cash my insurance is payed upfront I just bought a 10k kitchen for my house with cash no finance I dont have a single direct debit mugs like you cant afford it that's why you loan everything enjoy those payments and dont miss any or you lose the lot sucker
@@swrv_sounds Thank you, I really appreciate that! It’s good advice and advice I’ve heard before. I believe you can overpay up to 10-20% a year depending on your lender before you encounter an ERC (early repayment charge)?