The Truth About Buying a Home in UK: 10 Rules to Avoid Going Broke

Buying a home can be a risky financial move if you don’t plan carefully. With rising interest rates and fluctuating house prices, it’s essential to follow these 12 must-know rules to avoid going broke during the process. In this video, we cover everything you need to know—from budgeting tips and mortgage strategies to reducing hidden costs and safeguarding your investment.

🔑 Here’s what you’ll learn:

✔️ How to stick to the 28% rule for housing costs and avoid stretching your budget too thin.
✔️ Why you should avoid buying the most expensive house the bank says you can afford.
✔️ How a larger deposit can lower your monthly payments and save you thousands in interest.
✔️ The real costs of buying a home, including stamp duty, solicitor fees, and moving expenses.
✔️ Why it’s crucial to choose a fixed-rate mortgage in today’s unpredictable market.

Don't miss out on these crucial tips—watch now to protect your finances and make a smart home-buying decision!

Please let me know what you think, leave a comment, and like this video; thank you♥️.
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RESOURCES
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DISCLAIMER: This is not personal finance advice. Always speak to your personal finance advisor for tailored financial advice

#chiderapeters #HomeBuyingTips #firsttimebuyer
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FOR COLLABORATIONS/SPONSORSHIPS
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MY GADGETS
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TIME STAMPS
0:00 Introduction
00:36 Rule 1
02:17 Rule 2
03:26 Rule 3
04:46 Rule 4
05:56 Rule 5
07:06 Rule 6
08:12 Rule 7
09:56 Rule 8
10:49 First-time home buyers guide
11:05 Rule 9
12:07 Rule 10
DISCLIAMER

Thanks for watching!

[Michael.P]

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

[ssmufc]

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

[mbogitechconpts]

My mortgage takes about 37% of my income and I am struggling so I agree with you.

[yvonnenamwila]

Girl you a favourite!
Looking forward to a time when i will come back here and say we got a mortgage!!! In the meantime, i continue learning from this channel. Your content is so educational.

[tsitsih]

Everything you said is what I was thinking especially being mindful of not losing disposable income for ideal lifestyle

[staedlerok]

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

[mbogitechconpts]

Your residency has a lot to do in the way of securing a good rate.

[Msunsungdots]

can you share details of your mortgage advisor

[mbogitechconpts]

I negotiated my property down to a good value. So, yes, negotiate.

[emmanuelkassi]

Youll own nothing and youll be happy agency lol

[albertomatambo]

By the way things going not even next year. 😅

[afrofy]

Bought land 50k & built 250k mortgage, now 850k 2 3 bed houses🏠 built🫡👍🏾🫵🏾

[SusanEsumei]

Can you share the name or details of your mortgage advisor. I sent you a message on TikTok but you never responded