Homeownership Truths & Costs 🏡🤑

[@blaqdiva82]

Thanks Harleigh! Valid point about mortgage costs being relative. We forget that this is based on our current earnings and you can't copy and paste.

[@HarleighReid]

Glad you agree! It would be impossible to compare in the current economy too as my financial products were secured pre-pandemic and no longer are even offered

[@lx4958]

Such a helpful video :) I've cleared my debt and now I've opened a lifetime ISA to start saving for my first home, so loving watching any form of home content. super excited!

[@HarleighReid]

That’s amazing - well done! 🥰

[@ElizabethxShade]

Great video! I think a video on the cost of living would be interesting too! Maybe one on how to figure out if you can afford to purchase a home (affordability + living costs).

[@HarleighReid]

Okay great - good to know 📝 🤔

[@1chellamae]

Great video.Harleigh! Thank you for the tip around some occupier discount - didn’t even know that existed 🤦🏽‍♀️ I’ve just recently bought a 2 bed flat and this will come in very handy!

[@ayoadeyo]

Thank you so much for sharing your costs! Super helpful!

[@HarleighReid]

Glad it’s useful for you 🤓💖

[@TheMalcolms7]

Great video Been following your content for a while. Love your drive and level headedness. Keep it up girl .

[@RockyApplebee]

Thank you for sharing all of this info - it's SUPER helpful! I'm a very very long way away from thinking about buying a house but it's great to hear about all the financial stuff involved x

[@HarleighReid]

Better to learn before hand than get shocked in the process!

[@sesethud]

Love this. Would love a video on the cost of living. Adulting is a challenge!

[@farellwilliams1341]

Big up you man am learning alot from your videos thank you so much for these!

[@audreym4425]

Thank you so much for your transparency and breaking everything down! It’s helped me to realise just how much more I need to save for those random deco essentials like paint and locks 😩🤣 Lockdown = no holidays = more savings I guess... 🥲. Another motivational Sunday post as usual 🙌🏼👏🏼 thank you Harlz! 💛💛

[@HarleighReid]

Happy Sunday 🥺🥰

[@audreym4425]

@@HarleighReid happy Sunday beaut! 🥰💛🌸

[@eamonncrowe1182]

I don’t even remember submitting this question omg 😂 but thanks for answering! V useful

[@HarleighReid]

😂😂😂 must have been your social media manager x

[@gregoryshillingford7930]

Great video very transparent and informative love the figure breakdown. Keep it up 👍🏾👌🏾

[@natashas.o.6380]

Great video! Which other UK KZbinrs do you follow that create content on interior design/decor/furniture/etc? It seems like all KZbinrs that talk about this are from the US and obvs I can’t go to their shops and buy there, so I really want to get tips/advice on furniture/home decor in the UK!

[@TheCreativesUK]

Sweet video. Resourceful and alot gained

[@doseofdionne]

First of all, congratulations harleigh on being a solo home owner! Within greater London is a huge achievement👏🏿 The renovation cost did you budget for that when you were saving for your home? If not , is that slapped on credit card or actually saved separately alongside deposit?

[@HarleighReid]

Hi thank you! No I saved as much as I could for “extras” ahead of time, but I was doing this across 3 months. So in terms of the timeline I had 4 additional months of salary coming in throughout the time of decorating (not to mention this was May-August so mid pandemic not spending £250 a month on my travel card or other usual expenses was very helpful!)

[@GrowwithPilar]

Wow wait I also bought my home at 24 and so want to do a series on young home ownership (in the US tho). This is inspo 😍 So glad to have found your channel!

[@HarleighReid]

You should! I know the process is very different over there ✈️

[@GrowwithPilar]

@@HarleighReid 🙌🏽🙌🏽 do you have a video about filming equipment/how you film/edit?

[@jessicaagwa]

On the watching list for tonightt🙌🏾💖

[@maryallen5713]

Thank you for sharing this video, you've beautiful home, continue being safe, continue being blessed..

[@PurplePinklala]

I really needed this right now..thank you for sharing!

[@chanteltamara9273]

Not only are there running costs for things, like with the example of the dishwasher, can you also afford to fix it or replace it if it suddenly needs repairs.

[@HarleighReid]

Absolutely!

[@GD_02]

Another excellent video 👌

[@amandajohnson4428]

Great video!💕

[@HarleighReid]

Thank you Amanda! 💖

[@mizzkattie101]

I love this type of content

[@missakua1]

Very informative 😊, thanks so much.

[@myafrosheen]

Surely the 5% mortgages wouldn't be applicable from a portfolio standpoint since you need to have a 25% deposit for Buu-to-Let mortgages. Unless you mean that you'd move into a new property and let out the current residence

[@HarleighReid]

Yes the 5% mortgage scheme is only to make it your residence anyway. So yes, it would mean moving into the new one and renting out this one

[@Olivia0927]

great video... side bar though, where are your glasses from?

[@HarleighReid]

Thank you! Oooo they’re new and I love them. They’re the “Matt” frame from Ace and Tate 🤓

[@crimsonbride]

Those maintenance costs..... Yikes sis.

[@audiosolutions201]

Just dont re-mortgage - ITS A TRAP!!! By the way, they will come to you and ask you to do this - dont do it

[@HarleighReid]

I’ll definitely be considering re-mortgaging at the end of my 2 year fixed term as the interest rate jumper offered in my current mortgage isn’t one I’ll be happy with. I can’t imagine the rates are very competitive at the moment in your position, but my remortgage will be next May 🙂

[@audiosolutions201]

@@HarleighReid you should look up amortisation. They basically reset the clock and guarantee that by the time you finish paying your mortgage, you would have paid more than the cost of your property in just interest alone, regardless of what your interest rate is. I hope you have already spotted that something like 40% or 50% of your repayments is actually going towards the property payments and the rest is going into your banks pocket, if you are fortunate. If you calculate it, that's way more than your interest rate. Find the cutt of point for where your principal payments increase and interest payments decrease - this will make sense when you understand the whole process. It's very very sneaky how they don't tell you all this

[@Joeyyy1006]

I think I love you