How To Buy A House! House Buying Process From Start To Finish 2020! (UK) Mortgages, Help To Buy etc.
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- Опубліковано 17 жов 2024
- If you're first time buyers like us you might be wondering how to buy a house - I know I was!! This video will show you everything you need to know about the house buying process from start to finish, including mortgages, help to buy, new builds and more!
We have been documenting our first time buyers house buying process on my channel and lots of you have asked for a guide on how to buy a house * disclaimer - I am not a financial expert, this is our house buying process and experience for us, so it will vary depending on your situation and your financial situation - we are first time buyers and I will chat through the help to buy briefly, as well as new build perks and negatives.
Have you recently bought your first home? I'd love to hear your first time buyers tips and tricks, and any thing you've learned along the way!! We have been looking at buying a new build home so a lot of the process is buying a house using the help to buy scheme but we are looking through the normal mortgage process so I will be showing the documents you need to take with you to the mortgage in principle meeting.
You may like the rest of my no buy year series, which would can watch here, plus budgeting tips and money saving ideas -
• Budgeting and No Buy Year
And our house buying series here -
• First Time Buyers, Hou...
Facebook group for support and encouragement for no buy year, saving to buy a house and money saving tips and advice - / 623337218454605
Come and find me on Instagram if you want to see things like my budget outfit ideas, ways to make your money go further and more of what I get up to. larajoannajarvis
Thank you from the bottom of my heart for being here this year and supporting my channel, it means the world to me! I hope 2020 is kind to you all.
Thanks for supporting me and being a part of this amazing community, it would mean the world to me if you would like to subscribe to see more from me, I appreciate every single one of you!
Lots of love, Lara x
NB : The links above could be affiliate links, which means if I have inspired you to make a purchase and you choose to buy something through one of these links, I may receive a small commission on the sale, as a way of thanks. It makes no difference to you as a buyer or the cost you pay, but I may receive a small compensation from the brand via rewardStyle or Amazon etc.
I love watching personal finance content from women, it’s so important that we have those skills 👏💕
Thank you!! Yes I agree, I love hearing about it too xx
I'll second that! I don't even live in the UK, but still some tips are just useful overall! Also, it's very empowering!
Lara Joanna Jarvis absolutely find all your advice so necessary. Thank you so so much
Just discovered your channel and binge watched videos. This is super helpful as I'm looking to buy this year and it's difficult knowing what to expect/where to start! ❤️🏠
It would be great if you could do a video on help to buy 🏴👍
Very informative vid. When we bought our house (we had bought before so we should hav known) - the walls everywhere were lovely and smooth and painted perfectly lol; we moved in and the pictures frames had all gone - they were hiding holes of bad DIY EVERYWHERE!! When I next buy a house I will ask for all frames on the walls to n taken down in 2nd viewing. Beware!!! Xxxxx.
Oh wow that is so interesting! Thanks for sharing that tip!! X
It’s really interesting to see how it’s worked for you. We didn’t have to show bank statements at all for our mortgage, with one of us self employed and one employed. For my boyfriend who is self employed he had to show 3 years end of tax which thankfully we’re all very similar: then for me being employed I only needed 3 months payslips.
It’s amazing how different everywhere is with what they need to see from you. We’re just waiting for the solicitors to sort out questions then it’s time to pay for everything (deposit, stamp
Duty, solicitors fees) and then complete:
Good luck with the next steps for you guys buying. I’m very much a believer that if something doesn’t work out it isn’t meant to be and something better with be out there for you
Hi Rhian ..I'm interested in buying a house in Liverpool..but I would like to know how much did the solicitor charged u? Because I would like to know their price range
I cannot wait to buy my house. Currently finishing my degree and saving up for the deposit and extra costs, can't wait! This video is so informative thank you!
Mortgage Loan Officer for a credit union in the US here... yes, what your income says you can afford and what you actually WANT to afford are usually two very different numbers and it’s something we definitely highlight! Most First Time buyers get excited about their preapproval amount, and it’s my job to visit with them about what they’d pay per month if they purchase up to their preapproval amount. Once you’re looking for your 2nd, third, etc house, most people are much more keen on not wanting to be ‘house broke’. I get nervous for people that choose to purchase at their full preapproval amount.
Regarding documentation needed for preapproval, it’s going to depend upon the borrowers unique situation. Nice video!!!
We are going through this process right now and it's a scary time...thanks for the video to help us along x
I love your videos lara I am currently sitting my Cemap (certificate mortgage advise and practice) I just want to say the house buying process is different for those buying in Wales and Scotland things like stamp duty land tax are very different! Great video can’t wait to follow you and your family on the rest of your journey 😌💗
This was so helpful! We have just got our MIP and started booking viewings- so exciting 😁
Yes please for the HELP TO BUY🙏🏽
This is really useful. I couldn't find a mortgage based on my job as it was fixed contract and not permanent, so I'm just renting now. I would like to buy one day though, not sure when I can
Would love you to do a help to buy video as this is what I’m looking into at the moment. X
The scheme seems good at first but the bills increase massively after 5 years or a period of time.
How would you go about comparing rates of different lenders? Is there a compare the market kinda website or do you have to check each place individually?
This was so helpful!, Amazing explanation!! Thank you so much
This was really helpful, thank you. Some more info on Help to buy would be great.
Some confusing parts in this. Your deposit is partly linked to how much you can borrow, if are 'accepted' for a 300k mortgage and have a 50k deposit, you wont have 350k to play with at all lol; you'll have the equity the bank will loan you based on the downpayment/deposit. So you'll still have effectively 300k~.
mortgage advisors can also access financial aid/loans that aren't available to banks/other people through certain underwriters - so it's always worth going to an independant advisor first, and your bank last.
Nah she’s right, if you get a 300k mortgage which is the amount the bank are willing to give you and you also have 50k deposit then essentially you have 350k to buy a house, 50k in this scenario would be roughly 14% deposit which is acceptable for most lenders!
Was it a three or four bedroom house? Hows the new build?
Hi Could I ask when the house fell through did you get the money back or did you loose it?
So helpful, thank you !
This fully put me off buying a house
Very nice Video! Very nicely explained
Thank you for the helpful information.
Why is it important to take a mortgage advisor when you can easily get an AIP online with some of the banks.
Informative video there Lara, thank you.
May I check with you how does the stamp duty works if we are buying a house in part exchange with a builder for a new house ? Do we pay on full price often house or difference of the part ex or we do not pay ?
Please do a video on the help to buy scheme , that would be so appreciated!!
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Who's this professional everyone is talking about I always see her post on top comment on every UA-cam video I watched, I think I'm interested how can I get in touch with Mrs Patricia
Thank you. I just found you and have subscribed.
Thank you and welcome!! There's a whole house buying video series on my channel!! Xx
Would love a help to buy video!
Please can you upload a video on help to buy scheme, thank you xx
Love the colourful and warmth background you have as well as the colour of your outfit and make-up. So tired of looking at minimalism, all white, light grey and oh, now they go into dark blue or black too, so predictable and boring.
Ah thanks so much!! X
Hi .. I have not completed a year in UK ... after an year completion we are looking to purchase a house .. would that be enough documentation / years spent to get a mortgage ?
Great video, thank you very much!
I don't have any credit cards. Do i need one for my score?
Video actually starts at 2:19
If i go for a house thats 650k, and i dont need help buying, would i still have to go through a mortgage process?
But not all houses needs stamp duty
Why would you be paying your mortgage back to the Government?? Could you explain please !!
Help to buy scheme I think Lara was talking about.
If you do help to buy you borrow up to 20% of the property price from the government, after 5 years interest free this then needs to be paid back to them, (usually by remortgaging) unless you choose to continue the loan with interest. The mortgage is a separate debt and is paid off normally. Hope that helps
@@LaraJoannaJarvis We went for help to buy and our mortgage broker advised overpaying our mortgage (within the lenders allowance of course) and using that money at the end of the 5 years to pay the government back.
Lara Joanna Jarvis ah right Lara . Thank you so much for explaining it .
💙💙💙
Thank u so much
Help to buy video please 😊😊
Did u buy another house? X
No, not yet. Soon!! I say towards the end the point which we got to. X
@@LaraJoannaJarvis im bad for skipping bits in videos ive not much of a attention span 😂 x
I know someone called Lorna Jarvis...
Cool!
Lara Joanna Jarvis