Well done Nanelle. You've broken this down nicely. I will like to add that maybe a long fixed term mortgage may not be the best now as interest rates which are currently high, are likely to fall over time. So,for example, if one is tied to a 5-yr fixed mortgage and interest rates fall after two years, they will be at a disadvantage. When interest rates are low, a long term fixed mortgage is a good idea but now probably a 2-yr deal might do. From looking at previous trends, and also taking into account the reducing inflation, I don't interest rates will go any higher that they are now. Secondly, there is the option of overpaying by up to 10% of one's annual payment on a repayment mortgage which can further reduce the loan amount and overall interest paid. Keep up the good work!
A landlord can always sell the house and pay off the mortgage and keep the reminder which the profit because the house would have appreciated in value.
There are 3 different scenarios for VISA applicants(Immigrants): If you do not have indefinite leave to remain or right to reside and you will be applying for a mortgage before your 2 years you will need a 25% deposit. If you are applying with indefinite leave, or right to reside then you may be eligible for 5% deposits. If you do not have indefinite leave or right to reside but have been in the country for 2 years, you may be eligible for 10% deposit Mortgages. That's an overview of VISA mortgages so deciding on when and how to apply will be important for you going forward
😢 Nanelle, bought a three newly built three bedrooms house End Terrace, close to London, good road network etc shops. That house costed £400 000, our location is extremely expensive Nanelle. last time l failed eligibility and decided to have two jobs. Now am settled:
I'm wondering if folks who went through the '08 financial crisis had a tougher time than I am having today, my plan was to work, save money and retire at 55, but high price for everything is now an obstacle *Sigh, I look towards the stock market to fuel my goal at this point.
A coworker first proposed the idea of diversification to me, hopefully for positive results to offset any negative performance, so I backed it up using professional guidance in order to avoid any fiasco. Thankfully, I can attest to the success of this approach seeing my portfolio grow from $250k to almost $600k this year alone... maybe you should do the same.
@@heatherholdingsimpressive gains! mind sharing info on your advisor please? retired and dont know what to do with my money, would love to add my cash reserve and be able to afford a house when price drops
@sergiopawson> Can't divulge much, I take guidance from a Montana-based wealth advisor 'Katherine Nance Dietz' you can confirm her deets online. Working with her in an uncertain time like this has rewired my brain to stay positive always.
Those who have professional careers like doctors, teachers, dentist, accountants, lawyers, pilots, etc can borrow 5.5 to 6.5 of their annual salary compared to other jobs. 4.5 is normally for those who do not have professional careers.
Great video Nanelle, I love the fact that you encourage our community to get on the property ladder ❤. I understand that you used those figures as an example but it could be quite discouraging for some, so just to make clear to other that depending on your area you can get properties for a much lower price tag and sometimes end up paying less then the marker rent in the area. For instance with a with a 28k salary the bank could lend you up to 125k and with a 5.3% interest and 10% deposit paid, you would only be paying around £677. Check your area and use the sources suggested for the calculations 😊
I am watching this video taking notes thanks Nanelle you are a blessing to me and others for all the info you share on this channel it’s always an eye opener I love how your videos challenge me . Asante sana (Swahili for -Thank you very much) 🎉
Nanelle thanks a lot for this. Was recently discussing it with a colleague. It's outrageous. And the sad part is that, rent just keeps increasing by the day. Hm
I had an agreement in principle with Halifax with the seller agreed to sell the house to me. At the point of commencing the process, Halifax said, they can't lend me 90% but 75% because I have not lived in the UK for two years. That was how we lost the opportunity to own our house. So what is your advice for for those who have yet to live in UK for two years?
Very nice video, so informative. Thank you. Please what is a credit score and how can it be poor? I hear credit score all the time but dont know what it means
Please this is good video. I have a question about the data analysis video. Can you recommend an app for those living in Ghana to use to be able to pay since the bank transfer is expensive Thank you
This is the reality of all western nations right now to be honest. The high interest rates are because of governments trying to deal with high inflation caused by a mix of the covid pandemic recovery & the war in Ukraine
@akinpeluoluwaseyi2596 yes you can still get mortgage with poor credit, some banks don’t use ur credit score rather they look at your credibility , they check if you have any missed payments, bankruptcy. They check your credit profile to check that the information you ve given them about your expenses such as loan credit cards etc correlate with what’s on your credit profile. They don’t necessarily need to use your actual score. E.g Barclays Bank
There's no need for all the headache, if you can't afford a mortgage then forget it.Dont starve or live uncomfortably bcos u want to own a house in the UK.
Renting forever is also useless. It's like pouring your money into a bottomless pit which you'll never get again...buying your house is still one of the best decision you'll ever make
Well done Nanelle. You've broken this down nicely.
I will like to add that maybe a long fixed term mortgage may not be the best now as interest rates which are currently high, are likely to fall over time. So,for example, if one is tied to a 5-yr fixed mortgage and interest rates fall after two years, they will be at a disadvantage.
When interest rates are low, a long term fixed mortgage is a good idea but now probably a 2-yr deal might do.
From looking at previous trends, and also taking into account the reducing inflation, I don't interest rates will go any higher that they are now.
Secondly, there is the option of overpaying by up to 10% of one's annual payment on a repayment mortgage which can further reduce the loan amount and overall interest paid.
Keep up the good work!
A landlord can always sell the house and pay off the mortgage and keep the reminder which the profit because the house would have appreciated in value.
There are 3 different scenarios for VISA applicants(Immigrants):
If you do not have indefinite leave to remain or right to reside and you will be applying for a mortgage before your 2 years you will need a 25% deposit.
If you are applying with indefinite leave, or right to reside then you may be eligible for 5% deposits.
If you do not have indefinite leave or right to reside but have been in the country for 2 years, you may be eligible for 10% deposit Mortgages.
That's an overview of VISA mortgages so deciding on when and how to apply will be important for you going forward
That's so "factually accurate"
These are not the only scenarios, get a mortgage advisor and be properly informed.
If you know more, why don't you add to educate people.
You have put in a lot of work in this video. Well-done Nanelle
Thank you 🙏🏽
Waah I have just checked out houses online then this video... I really need a house one day I will testify to be a home owner.
Amen
The last point really hit hard 'no multimillionaire has one source of income, if you have one source of income you are a joke'
👍🏾
Thanks Nanelle,this is very informative and timely.
😢 Nanelle, bought a three newly built three bedrooms house End Terrace, close to London, good road network etc shops. That house costed £400 000, our location is extremely expensive Nanelle. last time l failed eligibility and decided to have two jobs. Now am settled:
Awww
I'm wondering if folks who went through the '08 financial crisis had a tougher time than I am having today, my plan was to work, save money and retire at 55, but high price for everything is now an obstacle *Sigh, I look towards the stock market to fuel my goal at this point.
08 was terrible for certain industries, trades and professions. Dial debt back and you’re fine.
A coworker first proposed the idea of diversification to me, hopefully for positive results to offset any negative performance, so I backed it up using professional guidance in order to avoid any fiasco. Thankfully, I can attest to the success of this approach seeing my portfolio grow from $250k to almost $600k this year alone... maybe you should do the same.
@@heatherholdingsimpressive gains! mind sharing info on your advisor please? retired and dont know what to do with my money, would love to add my cash reserve and be able to afford a house when price drops
@sergiopawson> Can't divulge much, I take guidance from a Montana-based wealth advisor 'Katherine Nance Dietz' you can confirm her deets online. Working with her in an uncertain time like this has rewired my brain to stay positive always.
Those who have professional careers like doctors, teachers, dentist, accountants, lawyers, pilots, etc can borrow 5.5 to 6.5 of their annual salary compared to other jobs. 4.5 is normally for those who do not have professional careers.
Thank you Nanelle for making this easy to understand. Very insightful video 💜
Glad it was helpful!
Great video Nanelle, I love the fact that you encourage our community to get on the property ladder ❤.
I understand that you used those figures as an example but it could be quite discouraging for some, so just to make clear to other that depending on your area you can get properties for a much lower price tag and sometimes end up paying less then the marker rent in the area. For instance with a with a 28k salary the bank could lend you up to 125k and with a 5.3% interest and 10% deposit paid, you would only be paying around £677. Check your area and use the sources suggested for the calculations 😊
Did you see the part I showed £100k houses
@@NanelleGriseldayou can just tell you it’s your video. Lady is also trying to make her meaningful contribution.
Sis, Your video are alway educative.
I have been trying to wrap my head arround this morgage stuff. Thk you so much
Thank you so very much, Nanelle. God bless you
You are so welcome!
Thank you so much for this Nanelle. Honestly, it’s chocking to think about owning a property as a single person in the Uk😢
You can do it!
I think you should have more children so you could split the interest
@@NanelleGriselda Thank you sis
May God help me🙏🏽
I am still a joke honestly in your voice😁. This video is really great, weldone sis. Nightingale is proud of you lol
I am watching this video taking notes thanks Nanelle you are a blessing to me and others for all the info you share on this channel it’s always an eye opener I love how your videos challenge me . Asante sana (Swahili for -Thank you very much) 🎉
You are so welcome!😘
Thank you N, this is very informative and encouraging ❤
I love your explanation girl. Good advise. Thanks for the video.
I would like you to interview
your mortgage advisor.
Thank you! Will do!
Thank you so much,i have learnt alot from this video,is an eye-opener ❤❤❤I have to go and buckle up
❤️❤️❤️
Thank you for explaining well
You are welcome!
Very insightful video👏👏
Glad you think so!
We want an interview with him🎉
Ok dear
Nanelle I admire you alot!!!! I'm coming to the England this ending but I would move to northern Ireland just because of you, massive love 💕💕💕💕💕
@@kimsmith9229true. And Northern Island has beautiful houses compared with Birmingham where I am.
@@kudaandthetwins coming to st Ives but I'm a northern Ireland girl by heart 🤣
Skillshare is what I've been using to self improve
i learn something from this video, thank you
This is one of most informative video I have ever watched. So detailed and well delivered.
Weldone Nanelle.
🙏🏽
Oh Nanelle, bless you! You’re a gem!!❤❤❤
This is the best explanation have ever listened to
Thank you Nannell, highly informative.
Glad it was helpful!
I love the analysis. Good job.
Nanelle thanks a lot for this.
Was recently discussing it with a colleague. It's outrageous. And the sad part is that, rent just keeps increasing by the day. Hm
Hmmm
You’re doing the Lord’s work tbh! God bless you and bless your home, including everything you touch
Thank you paaa, still we go sail through ❤❤❤
Always welcome
Very educative and informative. 🎉
How did u do this research? U are so intelligent. I nevertheless regret buying data to watch u .
🙏🏽
Thank you for clarifying.
You are welcome!
Thank you Nanelle
Na wa oo, justice for the singles😭😭😭 where do I get someone for joint mortgage like this?
U are amazing... Love your videos
Thank you
I had an agreement in principle with Halifax with the seller agreed to sell the house to me. At the point of commencing the process, Halifax said, they can't lend me 90% but 75% because I have not lived in the UK for two years. That was how we lost the opportunity to own our house. So what is your advice for for those who have yet to live in UK for two years?
I think that’s what most banks will say. I’ll say use this period too save more towards you deposit
What?! Why so violent? “...honestly you’re a joke. You are a joke.” 💀Didn’t expect that at all😂 but you’re totally right! ❤️
Solid content!
Thanks for sharing.
Thanks for watching!
NHS workers can always check with their HR for free mortgage advice and solicitor. I know some Trust offer this.
Well done Nanelle
❤
This is so true
Thank you sister am going there for what if I we be going there with my family I just a week off
Thank you so much 💓
You're welcome 😊
Whaaaaat??It is so much discouraging, 😢😢and here i thought mortgage is like £500 per month😢
The interest rate these days is the cause
Really educative😊
First here🎉❤
Why the uk? What is it about the uk as apposed to other countries?
I can buy an let for people only that saying there doing what hmmm 🤔
this video was quite long though, but great job done
Thank you
Microwave society want fast fast. 😅 Video has good detail, screenshare examples. What less do you want 😂
You’re a smart woman 😍😍
Me calling your solicitor to say can I get the Nannelle package 😂😂
🤣🤣
Very nice video, so informative. Thank you.
Please what is a credit score and how can it be poor? I hear credit score all the time but dont know what it means
Thank dear pls how to increase credit score you have to do video about this.
Ok soon
Thanks for the video...very educative. Please how can i join Shareskill?
I want an interview with your mortgage advisor
Hi Nel, good day. I love your work . Please can a dependant school as a normal UK student? Not paying fees as an international student
Thanks ❤❤❤
You're welcome 😊
Please this is good video. I have a question about the data analysis video. Can you recommend an app for those living in Ghana to use to be able to pay since the bank transfer is expensive
Thank you
Let me check
then what is essence of going to the UK, seeing all this headache
Hmmm
Really,what is the point
This is the reality of all western nations right now to be honest. The high interest rates are because of governments trying to deal with high inflation caused by a mix of the covid pandemic recovery & the war in Ukraine
Yes yes very carefull
Is it wish to buy when the monthly interest in the house you are buying is higher than your current house rent
What if your friend defaults would the bank give you another joiner
Sis Nanelle please find me a physics teaching job. I have 12 years of experience and a professional. I'm also open to elementary school teaching.
❤
Hi Nanelle, does poor credit score still get to be able to buy a home ?
No please
It means you're not credit worthy. The lenders won't mind you.
@akinpeluoluwaseyi2596 yes you can still get mortgage with poor credit, some banks don’t use ur credit score rather they look at your credibility , they check if you have any missed payments, bankruptcy. They check your credit profile to check that the information you ve given them about your expenses such as loan credit cards etc correlate with what’s on your credit profile. They don’t necessarily need to use your actual score. E.g Barclays Bank
What is the age limit of buying a house in UK for foreigners
Once you’re an adult you can purchase a home, there’s no age limit. So at least 18 years old.
Skill share is not free
Get them out
to much yapping, just get to main ponts
There's no need for all the headache, if you can't afford a mortgage then forget it.Dont starve or live uncomfortably bcos u want to own a house in the UK.
Renting forever is also useless. It's like pouring your money into a bottomless pit which you'll never get again...buying your house is still one of the best decision you'll ever make
@@samuelduncan3489 nobody mentioned anything about renting forever. It's not advisable to buy a house when you're still struggling to meet your needs
@@bolu101and one will still be in debit for up to 30yrs ,can you imagine?
What if you want to buy outrightly.. can sellers still.sell to you?
Yes definitely
Billionaire onye ji cash spotted 📸😜
Ofcourse
Thank you 💯👌
You're welcome 😊