I have actually used the mortgage broker you mentioned and got my fist house . Thanks so much for that . I will be filming a video on how I managed to get a house in the future
Currently speaking to a mortgage broker. I’m so impulsive and trying to get documents from my accountants etc is so time consuming and this is before I can start looking at what I can afford! Also for anyone ‘young’ and your friends think it’s funny to send you money using a reference like ‘sex toys’ or ‘drug money’. It’s not funny when you’re trying to adult 😭😫
We bought our first house in the middle of September and the pinch me moments are so real! We moved straight in on completion and haven't done any redecorating yet, but the first time we fixed something to the wall it felt almost illegal after years of renting 😂
This is the BEST advice ever!! 3 years on from you posting this and still relevant and so useful!!! My husband and I are hoping to buy within the next year so thank you for posting this video xx
Ahh this was a good video! I’m going to be buying alone in a year or so, and the thought of moving and buying a house feels overwhelming to me haha. This was informative! Xx
That’s definitely something you have to weigh up, but our mortgage broker did the maths and said it was better for us personally to keep our deposit lower. I know that won’t work for everyone though!
I imagine it works more in the brokers interest to suggest a lower deposit as they work from commission so the larger the mortgage the more they make but it’s whatever works for the individual/s really! :)
You are both right. 1. Bigger deposit means less monthly mortgage and interest. 2. I once did the calculation. With a mortgage interest of 1.47% p.a, for every £10,000 additional deposit your monthly mortgage repayment reduces by only £40. So, an additional £30,000 only equals £120 monthly mortgage difference. Think of an alternative investment option.
We bought our first house 2 years ago, the bigger deposit thing also blew my mind 🤯. We also didn't really tell anyone apart from our parents and it was so nice not having people asking about it all the time! Luckily it was pretty smooth sailing but I can imagine it would be horrible if it all fell through ☹. I also hand delivered all the documents to our solicitors and I feel it sped up the process, and I could also solve any issues there and then instead of having to wait. Super video with super tips ❤💙💚
It’s worth considering that whilst a smaller deposit doesn’t change your monthly payments massively, if property prices fall it puts you in a riskier position and can make selling on in the future a lot trickier if you end up in a negative equity situation! I worked in finance during the last financial crash and saw a lot of people caught out by that.
Brogan Tate I’m super risk-averse, it’s a bit of a standing joke with friends and family 😆 we bought last year and could have technically afforded a property twice the price of the one we bought, but having as much equity in the property (especially with Brexit and the financial uncertainty surrounding that) was important to us. If something catastrophic goes wrong with the house (touch wood it doesn’t) we can always borrow it back, and if we need to switch to interest only to reduce payments (again, touch wood we don’t have to!) then we have that option due to the lower loan to value. We were also able to fix our rate for longer in case rates shoot up, which gives us some peace of mind. And we were able to borrow over a shorter term. Lots of benefits to putting down a bigger deposit 😊
@@bettyboothroyd1 Whilst a larger deposit is beneficial, if someone decides to place the money that they earn into a mortgage from the get go instead of saving for a larger sum, it is equivalent in terms of method. (Would be a more passive approach but I think it is effective for some who find it hard to take initiatives) Although the larger the deposit, the lesser amount of time will be required to pay off the property and in turn the total amount paid in total after fully repaying it when taking into account interests rates as you stated. As a more passive individual, I would be glad to able to start the ball rolling or fill a pot and working on it as I go.
Well done I'm currently renovating our first home and it's exactly as you have explained...so happy to share this moment with my beautiful wife and yes we look at each other and say this is ours..and we have a dog that is a part of the family now..Well done and only the best to you guys..take care God bless
These are great tips!!! I've bought and sold seven houses in my lifetime and you've hit the important things! Congratulations on your year of home ownership!!! 😍😍😍 Yes, you should absolutely be proud of yourselves!!! Great job!!! 👍👍👍 Continued love and health from across the pond!!! 💜💜💜
As always this was such a lovely video to watch Brogan :) I was so happy to see this notification, it's good to hear about your experience as a first time home buyer, even though I'm not due to buy a house for at least another couple years! Glad to see you thriving, hope to see other new videos and vlogs soon :) xoxo
We have been in our house two weeks now. It took us over a year to get it. It was the 25th house we viewed and the 6th one we offered on. Ended up getting a repossession that needed a lot of love but we've completely turned it around and we love it now!
I love your video, thank you! We are also in the process of buying our first home, we’re currently just over 2 months in & at that ‘waiting’ stage! We so hope we’re in before Christmas 🎄 going to go back and watch your older videos to get some inspiration!
Great tips! Congrats on your new home! Although mortgages is not something I thought about, especially when I am still in education, I decided to look into it and research (mainly due to the family). Hearing that you are in your mid twenties are achieving this feat (or some call it positive debt XD) is quite inspiring! I am a few years younger but these things are never too early to start, it is a positive commitment after all. The "having a current property, spent amounts to renovate but still have plans for the future home when capable" is a mood. My aim is to mainly take the first step and slowly build my way towards that future house goal. Setting the ground early means I will be motivated which is a good thing!
Hey Brogan! I’m still dreaming of my future house. Your videos are always helpful and it’s great advice. I saved this one as well as the mortgage one so that when I’m ready to start that process, I know who I’m turning to first. Lots of love to you & Benji!
As someone who is 18 and going to look at buying early next year this has really helped - I imagine the process will be more tricky due to banks/age but this will help me this other obstacles!! X
Hearing people managing this feat 20 years ago (current 40 year olds) was shocking in itself, but seeing it happening now is also a pleasant surprise. I am considering it but I assume my main obstacle will be deposit and possibly the income/show you can pay your bills on time eventhough I have had rented for 3 years now. How has your adventure been? I assume it is likely easier if it was a property from the midlands and northwards.
One thing I've learnt is that if you simply have two incomes, no point using a broker. You can go direct and get the same deals. They won't get special rates that you can't get yourself. Infact the broker we went with didn't even find the best deal for us. They were supposedly whole market too.
Can't believe it's been a year already from when you got your keys! These are great tips, we are second time buyers having literally just accepted an offer on the flat we bought 4 and a half years ago, and are off house hunting on Saturday. Selling and buying is a whole new ball game! Xx
Congrats!! I’m not sure I’m ready for that experience haha, but nows the time with the stamp duty scraped! Wishing you the best with your love my lovely! xx
Thank you!! The stamp duty holiday is a huge factor to doing it now (and the fact we're having a baby in Feb - nothing like doing the two most stressful things at the same time 😅) Your house related content is so useful, I wish I'd had it when we were first time buyers xx
im going through the process of buying a house right now and I've actually found it really stressful my solicitor has been great but my mortgage advisor has been terrible he's so unorganised and he's the reason for the stress tbh feel like as a first time buyer there just isn't enough support from my personal experience.
I think the scheme that the government laid out may have contributed to an increase in workload for those whose profession is in this field. Although organisation should be imperative when they received a request or contract to be honest, especially if they could only WFH. Hope all went smoothly in the end! I am considering doing so by myself so it would be cool to hear your experience!
Me and my boyfriend are currently saving for a house looking to hopefully get one before 2022 that is our aim but if not then that’s fine. This has really helped me thankyou Brogan❤️
Thanks for such a great video... I'm in the middle of buying my first house, on my own sadly, and it has been taking forever but finally had mortgage offer approved and now things are starting to move on!
We bought our first flat about 45 years ago then our first new house 5 years later we are currently in our third house which we have lived in for about 35 years it was a old house which needed everything done to it but like you we enjoyed taking our time we are redecorating the rooms for the second time now it's nice to refresh them change colours and designs ect we will be downsizing next this will be the last one as there is only 2 of us, good luck with everything you and benji do for the future xxx
Me and my boyfriend are currently in the process of finding a house. It's overwhelming the amount that needs to be done but deffo exciting!! Your videos are so helpful and we are noting down all your tips! Thanks Brogan :) x
I was all ready to buy my house a few months ago and found one I really liked, then my circumstances changed (in a good way! 💍) and now I’m not buying one, but I still enjoyed watching this very much 😂 and totally agree on all your points! Xxx
Just had an offer accepted on our first place!!! Would agree will all except the bigger deposit, unfortunately with Covid Lenders are no longer accepting anything less then a 15% deposit for first time buyers☹️. So at the moment bigger deposit is better at the moment!
Congrats!! Ah yes, this is true. Does it still apply if you compare 15% and 20% do you know? Either way, that’s a shame about the bigger deposit now, but amazing you’re buying! I know some people are benefiting from no stamp duty right now so some pros and cons I guess!
Not sure of the rules in the UK.. but I think you can. If you can get a mortgage where you can payoff the loan early, you can save A LOT on the interest you are paying. Especially at the begining of the loan, if you make extra payments. Good tip on buying things and opening/installing items... We bought tiles.. by the time we installed them.. 7/8 years later 😁 ... They really had gone out of style... We could of installed them.. but got new ones. We did donate the old ones in the end. Work Never ends... We lived in a house for 14 years and never really stopped working on it... We could of.. but kept wanting to do updates ourselves. We were working on it even until the night before the 1st showing (sale)!! 😁
For our mortgage, we are able to pay an extra 10% off per year which will definitely help, but it’s not on ALL mortgages! Oh wow!! Everything is such a real learning experience xx
Something that isn’t mentioned is if you buy a new build or newish house/flat a service charge is added on which some estate agents /or sellers don’t mention 😔. So always ask when viewing a property not waiting until you receive the survey .
Thank you so much for this video. My boyfriend and I recently got the keys for our first house together and watching this has made me so excited to get started on it and make it our own. We have found a few things stressful but this video has reassured me that some things will be hard but it’s an amazing experience overall and I can’t wait ☺️
People generally have two options when it comes to where they live and ultimately call home. One is to rent a home that someone else owns and the other is to purchase a home to own themselves. There is no correct or incorrect choice when it comes to the decision of whether to rent or own a home. Because buying a home is an enormous investment for most people, people mustn't rush into a hasty decision. Instead, they will want to make a well-thought-out decision based on their personal circumstances. Great video! It was informative and is a really helpful video. Thanks for your information.
We are currently in the process of buying our first home which is a new build so we can definitely relate to having to wait!!! Great video, we both enjoyed this, thanks! Xx
Aww, Happy 1st house Anniversary!! I have loved watching you fix it up and make it yours. You are totally right in the fact that you will never be finished, but that's the fun of it. I wish you many happy years there!!
wow has it really been a whole year for you both . 3 years next month i moved into my home near the sea as i needed bigger space and i've finally got it how i like it as i was forever changing my mind on things x
Love your videos Brogan! I am currently in the process of buying a house. One thing I would highlight is to make sure a survey is done. Our mortgage adviser said it wasn't necessary but having spoken to a lot of people it really is. Helps to avoid expensive and unwanted surprises in the future!
Hiring a building surveyor to check the property out fully before signing? I wonder if the seller is obligated to do that or it is something that can only be done after purchase. (which is also good for when the property is going to be sold to another buyer, lower renovation and maintenance for energy efficiency related things )
Ahh I really enjoyed this. The first video I watched of yours was the one where you were giving tips of the process etc. and I've been binge watching your videos ever since! We have had some house disappointments through the pandemic but I know it can be done and your videos give me some hope so thank you! X
Love this kind of vlog, I agree with all of it, we’ve just moved into our ‘forever home’ and we still have wishlists of things we would love, your home is always evolving! Love it! 🏠 great Vlog as always xxxx
It's worth noting that due to the pandemic, a lot of mortgage lenders are tightening up their requirements and have taken a lot of products off the market. Thereby making it very difficult for a lot of people to get a mortgage especially first time buyers. As Brogan said, speak to a mortgage broker, your bank, basically anyone financially qualified to give you advice about the current state of the housing/mortgage market.
I'm currently saving up to buy a house independently. I'm 25 years old. With the way things are with interest rates and inflation at the moment, I am holding off while saving for a couple years. I'm saving £900 per month, and I aim to save around £20-25k total, and I definitely want a place that needs some work, so I can make it my own. Please wish me luck!
Cannot wait for this moment to be sat in my little home! 🥰 currently in the process. Cant wait to do a family tour and have family stay over when all this is over!
Loved this video and some really good tips. My boyfriend and I are just saving for the last bit of our deposit and hopefully buying somewhere next year 🤞 thanks for sharing 😊 x
Wish I had seen this video before we bought our house, so helpful 😫 this was really helpful! We bought our first property recently and it was such a wild experience...
We’ve been in our house a just over year now too and totally share your excitement! I’m glad it’s not just us that do the whole ‘we own this house’ thing still 😂 sometimes it feels silly, but we’re totally proud too and still get so excited about it all - even a year on! 💖
Ah Brogan I love this!!!! =) I genuinely love watching people buy houses/flats and do them up and talk about them! So exciting! I doubt I'll ever own my own place so I love to live vicariously through other people who can!!! =) Such an amazing stage for you to be at and I've followed you since the beginning, so to see you here now genuinely makes me so happy for you! (& Benji!) Congrats on 1 year! That's crazy! Sarah xoxo
I'm currently buying a house and I found your channel by looking for house renovation content! Hopefully I'll be exchanging in the next few weeks. It's so stressful but hopefully so worth it!
Fab video me and my other half are doing a house up at the min going slow but getting there we also have a join account for are bills it soo much easier keep safe xx
We moved in straight away and we've been in nearly 2 years, we are almost finished but it's been such a hard slog, we've got one more bathroom to replace and the converted garage to decorate and a patio to replace and then we are done! I feel like I want to start again though like the lounge is now nearly 2 years on and needs an update haha! Love this video xx
Great video! We’re in the middle of buying our house now and it’s been an endless stream of signing stuff. We live in Japan and are buying in the States and the time difference alone is a huge challenge. We have our “closing” next week and our daughter is our representative. With COVID restrictions I don’t know when we’ll even actually be able to see it in person. We made the decision via FaceTime. It’s been a lot!
Congratulations on it being a year! That’s gone by so quick! Loved this video and so helpful and also lovely to hear all your experiences with it! Ps- you look so gorgeous! Xx
Great advice to try and keep things private. Me and my boyfriend house buying was feb-Sept for one property.Got one week away from completion and the sellers withdrew.. devastated didn't even come close :( and we lost a lot of money. And was a pain the arse having to tell everyone the story x
Helpful video! We are in the process of buying our first home together which is a new build and it’s my dream home! Completion date is 18th December so hoping to be in for Christmas! We just sale agreed on my fiancé’s apartment yesterday so the ball is rolling!
a 0.4% difference in interest rate, could mean an extra £4000-6000 interest across 5 years, so I would recommend going for the highest deposit, unless you plan to have other loans ( like buying car on loan, solar on loan etc) as any other loan will be an higher interest rate. but if you arent planning in getting anything on credit after buying the house, go as high as you can
Absolutely loved this video! You helped put into words many of the feelings my wife and I have been having these past few months in our new(and first) home.
I just came across your video on Bournemouth where you live,I have been there just the once its such a Beautiful place ,I could actually see myself living there ,looks quite flat as well although Im sure it has its slopes and hills, I just think it would be good for me as a disabled person, although not in a wheelchair I find getting around hard ,Chippenham in Wiltshire where I live is an absolute nightmare for disabled people
Congratulations on your key anniversary!We bought our first house in May this year. Our biggest recommendation to anyone looking to buy would be to get a mortgage advisor. Ours was fantastic, and project managed the whole process and took so much of the stress out of it. Best of luck to everyone starting this journey 😊🏡
Excited to watch this! I’ve been thinking for a while now about my future and the possibility of buying my own house. I know the help to buy scheme has ended now but I’ve noticed people mention a LISA, I’ve looked on the websites of different banks and most of them just explain what a LISA is, a lot of banks state they don’t do them which is frustrating. I do have a savings account though. I currently live with my dad at the moment. We go halfers on the bills etc and I have my own car so I pay for things that come with that too, which is fine, of course. I do try to limit ‘treating’ myself but let’s be honest, it’s good to have treats sometimes, right? I make sure I’m putting some money into my savings and I don’t touch that money. I’m not going to lie the future does scare me a little bit. I really do hope I get my own house some day and I hope I’m happy🥰 Enjoy the rest of your week and have a good weekend!🥰🌟
Put an offer in on my first flat last month so starting the process. I am buying in Scotland which is more straight forward than England. It is quiet at the moment while they work on my mortgage but guess it will be all go in a few weeks!