BUYING A UK PROPERTY WITH A SALARY OF £25,000 |FIRST TIME BUYER | 5% DEPOSIT| UK PROPERTY INVESTMENT

Hey Everyone,

Here is a video of properties across the UK that you can purchase with just an annual salary of £25,000.

Hope it's helpful 😀

Please don't forget to like, comment and subscribe!

[bambobamgboye]

Thanks for this video girl, shedding light on this area x

[luckyshotjpg]

I don't understand how this can be considered good financial advice. Feels like an extended estate agent ad. Regarding the houseboats, those are certainly not the only charges. You have to pay council tax if you're permanently moored, boats don't have normal gas and electric facilities so you have to purchase more expensive means of heating and electrifying your boat (coal, wood, diesel, gas bottles) etc. Plus licencing, insurance, regular maintenance and hull sealing. The monthly expenses really add up on a boat! More so than a house. You have to be happy having your poops going into a box under the toilet and emptying it out too. Or having it pumped out. Lovely.

Some of these house prices are too good to be true too. 5 bed for 110k? What are the crime rates, is it shared ownership, is it asking for cash only buyers (because if so, there's probably something wrong with it). Regarding the flats, these are often cheaper if the leasehold doesn't have many years left on it. Leaseholds of <85 years are harder to sell on afterwards! Service charges and grount rent can also be ridiculous in some cases. I don't see the benefit on essentially reading off RightMove's sorted by lowest price. Cheap housing is cheap for a reason. They don't represent value for money. 95% LTV also represents more risk, even if there's guarantees for the government, interest rates will still be high. I could go on to be honest.

[omikandre]

I'd advice working with a mortgage broker for professional advice on how to go about investing in real estate ... just to avoid regrets

[roseyk]

You haven't factored in the housing crash and how inflated houses, are at the moment. If people are FOMOing in and paying 20k higher than the home is worth, then they are already on a back footing.

Then consider the fact the interest rates will rise, and the government being able to change and alter the 'low interest' rules whenever they want under the guise of a 'crisis' ( if they can lock you down, they can change the rules with anything; even fixed term interest rates!!)

Then, Gas prices are now rising which means £400 a month is factored in to the cost involved which will cause huge financial stress. Just do the math!!

A house worth £120k, is now on the market for £140k (20k over asking price) the market then crashes and the house is worth 90k (50k loss) then interest rates go from 6% to 9% and

The property is not only in negative equity, but the mortgage costs still have to be paid off meaning, that the interest will therefore also be applied to the full Including the inflated amount (paid over and above the homes worth) yet the home does not have that equity left in it due to the

Crazy to buy now... Wait for the dip then cash in!!!

[MDPaulo]

This was cool. If your budget is under £150K and happen to read this, my advice is to bide your time - be patient. Barking, Gillingham, and Peterborough etc are not it. As the saying goes, “you get what you pay for.”

[simpleali]

Houses almost always sell for 10-20 k more than the listed price after bidding so not very realistic

[xjay]

Now some lenders will multiple your salary by 7 if you're a doctor, lawyer, nurse, teacher or vet.

[MrSebastianBlake]

Loved your video. Basically what your saying is that you will need to move up north to get the best value for money. Unless you want to live on a boat 🚤 in london. 😂
The affordability is main issue if you can only borrow 4.5times then most houses in london are out of budget. ( It’s why I moved out of london to leeds)

[stevomagnam]

25k will get you on the property ladder as in the grant scheme of things 25k isn’t that bad but it’s also not great so it would take a while to pay off your mortgage, obtain equity and interest rates will be through the roof. However this is a good video as it does show people how to get your foot in the door.

[agfagaevart]

Those prices are just estimates really. They would've sold for much more.
Do the flats come with maintenance fees?
Plus, its nice to have a station nearby, but how much are the fares? Even Luton to London is about £6, 000 per annum!
And what about future rail strikes?

[cbflazaro]

missing the fact that those £100-120k places she linked were probably sold for 150-160 to some landlord after a bidwar.

[bananagumboot]

Good vid. The last property in Birtley is next to my town and its actually an OK area. 5 beds for 120k is a steal.

[andysidorczuk]

Hi, this is great information thank you. Im mid 40s and I really feel for people getting onto the property ladder now. 30 years ago, Outside of London it used to cost 3 or 4 times annual salary to buy a house, now it's 8 or 9 times annual earnings???!!! If I was starting out I'd either have to move to a cheaper area or buy with a friend ideally. I feel sorry for people starting out now trapped at home or trapped in private rentals. A decade from now my son might be thinking about first houses, I'll do what I can to help with deposits and free accommodation to help him save up.

[johnramos]

London is london but is too expensive to get into the property ladder in the open market, I brought a property in cardiff but sometimes I'm reconsidering to move back to London but I'm not too sure .

[TheMalcolms]

Great video. I would encourage people to go elsewhere where you will get more bang for your buck. Apartments are good but houses with gardens are better 😅

[elana]

U earn 33k and tired of paying £950 in rent alone in London. There has to be a way to buy a home, I'm actually looking at Colchester, a friend of mine bought 10yrs ago there a 3bed house garage dining room under 200k and it's now worth 345k. I been told about the 95% mortgage, anyone done this? I have no savings but refuse to justify paying 950 when I could be paying less per month in my own home.

[Alxmsuk]

You showed us just flats with leasehold, is something like you pay entire life for it and is not yours...just for 99 years contract

[lucy]

What a queen 👑 thanks for the information good bless and good luck on your journey 💓

[finanzferdinand]

My advice. Treat this salary as an insult and keep looking around for jobs as buying a house might tie you to that job.

[nelsonayodeji]

Thank you for the video. Pls what's the current price of 3 beds house in Sheffield? Is it possible to pay cash when I want to buy a house?