RESOURCES 👉🏽 SALE! Get your First-time home buyers guide at the discount price stan.store/thechiderapeters/p/get-your-guide-now-kv6ey 📌 BOOK your free initial call with a qualified mortgage advisor tr.ee/4wGwAxS0Ht 👉🏽 FREE Mortgage readiness checklist famous-moon-161.myflodesk.com/zksavweugf
Mortgage rates are dropping and the Stamp Duty holiday ends next Spring. Pretty decent time to buy right now, depending on area. Some areas of North West have really picked up recently
Girl you a favourite! Looking forward to a time when i will come back here and say Girlllllll we got a mortgage!!! In the meantime, i continue learning from this channel. Your content is so educational.
Truth. I live in london uk and have a mortgage on my flat. I wanted to sell it and with equity get a bigger one. But it’s this cost of living and all the wars i prefer nw to pay this small flat off and have more money for my own
@lovelytemenu1481 I have 3 kids 1 wife the house we bought is 4 bedroom which is sufficient for us. Maybe in the future when the kids are all grown and gone 🤔
Chidera love these videos.. but i hate the idea of having a mortgage and gives to much power to my employer. i wana buy it outright or put down like 80% of the total cost.. i know crazy but yeah thats just me
You could do that outside London if you’re set on that approach. Please also remember the market moves quickly, so you need more ££ to buy the same house next year compared to what it would be now, in some areas you could be priced out the market
@ thanks adeola x your 100% right. I’m from London ( Shepherd’s Bush ) moved to Leeds for work and love it here. Want to be based here while my family house is In London. So I’m saving crazy to buy a house up north but I didn’t think about saving more than the listed prices your right. It goes up in value. I just hate the idea of mortgage payments. But thanks for highlighting this
You forgot to add: you can start with an apartment or Flat…. When people talk about properties they tend to leave out apartments, one can start with an apartment
The longer you wait to be able to afford a house (even if it’s 2/3 bedder), the more expensive and longer it’ll take you to be able to afford a house. There will NEVER be enough properties for people to live in here in the uk 🇬🇧….so the rule is: buy what ever you can afford and live in till you’re able to move to that dream home, it’s a win-win situation, even if you don’t sell the flat you’ll make money from it for ever. Do not buy new build flats by the way.
Good points there, however flats are mostly leaseholds which means in the end you "never really" own them, because ownership returns to the land owner after your tenure ends. Usually people buy flats as investment properties by charging more rent than they pay in mortgages. I'm sure there are people who prefer to live in flats on a leasehold basis for personal reasons, however I feel if you want to own your home plus the land it's built on, I would imagine getting a freehold house would be a better option.@@Michael.P247
@@stephenjunior1215Because the majority have tiny tiny rooms which can barely fit two single beds…. And you can’t make any structural alterations eg knock two small rooms into a Marge one…. And you don’t want to share your entrance eg stairs with strangers for ever…
RESOURCES
👉🏽 SALE! Get your First-time home buyers guide at the discount price stan.store/thechiderapeters/p/get-your-guide-now-kv6ey
📌 BOOK your free initial call with a qualified mortgage advisor tr.ee/4wGwAxS0Ht
👉🏽 FREE Mortgage readiness checklist famous-moon-161.myflodesk.com/zksavweugf
Mortgage rates are dropping and the Stamp Duty holiday ends next Spring. Pretty decent time to buy right now, depending on area. Some areas of North West have really picked up recently
And that’s facts 🙌🏽
Bought our brand new home in 2024… congratulations to everyone aiming to buy theirs.
That’s awesome 🙌🏽 congratulations to you 🎊🎊🎊🥳
Thank you for this insight.
Girl you a favourite!
Looking forward to a time when i will come back here and say Girlllllll we got a mortgage!!! In the meantime, i continue learning from this channel. Your content is so educational.
Awww it will happen some time soon and thanks for watching! ♥️🙏🏽
Truth. I live in london uk and have a mortgage on my flat. I wanted to sell it and with equity get a bigger one. But it’s this cost of living and all the wars i prefer nw to pay this small flat off and have more money for my own
take with 5%, remortgage after 2 year and put more deposit again so ltv reduces every 2 year
My mortgage takes about 37% of my income and I am struggling so I agree with you.
Oh there’s no limit to how much you can earn. So your income can still go up and then it’ll take up less of your disposable income ✨🙏🏽
@@ChideraPeters Yeah that's my prayer but the times are difficult
Do some Airbnb if you extra room and don't have children
@lovelytemenu1481 I have 3 kids 1 wife the house we bought is 4 bedroom which is sufficient for us. Maybe in the future when the kids are all grown and gone 🤔
So you have an income problem. Which you could fix. Or did you buy a property at the top of your budget
Everything you said is what I was thinking especially being mindful of not losing disposable income for ideal lifestyle
Exactly 🙌🏽
Many thanks 🎉🎉🎉.
Chidera love these videos.. but i hate the idea of having a mortgage and gives to much power to my employer. i wana buy it outright or put down like 80% of the total cost.. i know crazy but yeah thats just me
Good luck to you.. if you have the money...
I agree but not everyone have vision or desire to buy outright. I’m on the same page.
You could do that outside London if you’re set on that approach. Please also remember the market moves quickly, so you need more ££ to buy the same house next year compared to what it would be now, in some areas you could be priced out the market
@ thanks adeola x your 100% right. I’m from London ( Shepherd’s Bush ) moved to Leeds for work and love it here. Want to be based here while my family house is In London. So I’m saving crazy to buy a house up north but I didn’t think about saving more than the listed prices your right. It goes up in value. I just hate the idea of mortgage payments. But thanks for highlighting this
@Bakesonline I was born up north and now live in London. I wouldn't ever want to live up north again.
You forgot to add: you can start with an apartment or Flat…. When people talk about properties they tend to leave out apartments, one can start with an apartment
@@newworldorder7not anymore with influx of people flats are going fast you can get a flat first then move to a bigger one.
The longer you wait to be able to afford a house (even if it’s 2/3 bedder), the more expensive and longer it’ll take you to be able to afford a house. There will NEVER be enough properties for people to live in here in the uk 🇬🇧….so the rule is: buy what ever you can afford and live in till you’re able to move to that dream home, it’s a win-win situation, even if you don’t sell the flat you’ll make money from it for ever. Do not buy new build flats by the way.
Good points there, however flats are mostly leaseholds which means in the end you "never really" own them, because ownership returns to the land owner after your tenure ends.
Usually people buy flats as investment properties by charging more rent than they pay in mortgages.
I'm sure there are people who prefer to live in flats on a leasehold basis for personal reasons, however I feel if you want to own your home plus the land it's built on, I would imagine getting a freehold house would be a better option.@@Michael.P247
Why is it not good to buy new build flats?
@@stephenjunior1215Because the majority have tiny tiny rooms which can barely fit two single beds…. And you can’t make any structural alterations eg knock two small rooms into a Marge one…. And you don’t want to share your entrance eg stairs with strangers for ever…
These are really insightful. Especially negotiating, I never knew one could.
Glad you got value ✨
I’m very interested in the video on ISA, looking to get one so bell 🔔 on
At what point can one negotiate the price
All great advice
For a salary of 23000 … we could still qualify?
Thank you for this. God bless you.
Amen 🙏🏽- thanks for watching
Your residency has a lot to do in the way of securing a good rate.
Yes yes it does!
Thank you!
You're welcome!
Great job @Chidera, please can you also do a video of shared ownerships?
Thanks
Dreadful trapping schemes...do your research
can you share details of your mortgage advisor
Hi 👋🏾 you can book a free initial call with the Mortgage advisor I mentioned here tr.ee/4wGwAxS0Ht
Leasehold an extra expenditure
lol 😂
Okay
Thank you
You're welcome
Thanks
Welcome
Bought land 50k & built 250k mortgage, now 850k 2 3 bed houses🏠 built🫡👍🏾🫵🏾
Please explain.
I want to buy land and build. How do you get a mortgage for this?
Wow 🤩
I negotiated my property down to a good value. So, yes, negotiate.
Oh that’s amazing! 🙌🏽
First here ❤❤
Yay! Thanks for showing up ♥️♥️
Youll own nothing and youll be happy agency lol
By the way things going not even next year. 😅
lol God abeg 😭😂😂
Third today 😅
Hahaha 😂, you still made it - that’s all that matters 🎊👏🏽👏🏽♥️
❤❤❤❤❤
♥️♥️♥️♥️
Can you share the name or details of your mortgage advisor. I sent you a message on TikTok but you never responded
Hi 👋🏾 here’s the link to speak to the ones I mentioned in the video tr.ee/4wGwAxS0Ht
Thank you sis. Pls can I send you an email? Pls provide me with details if you dont mind.