How I Bought My First House in London Age 28

Buying a home - particularly in cities like London - has become harder and harder as the years have gone by. Houses keep getting more expensive but salaries don't seem to rise in lockstep.
But, with a few strategic, nifty moves, you can unlock significantly quicker paths to owning your own home.
Invest with us at Cur8 Capital: cur8.capital/
Remember, with investing, your capital is at risk. This is not financial advice. If in doubt, always talk to a financial advisor.
--------
💌 Sign up to our email newsletter - www.islamicfinanceguru.com/su...
🌍 Our website - www.islamicfinanceguru.com
--------
TIMESTAMPS
00:00 Introduction
00:36 Figure our your budget scientifically
05:15 Commit to Investing
06:45 Investing for a deposit
--------
Who are we:
We are two Oxford grads who have studied Islamic finance both at uni and classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world's population with their personal finances.
Islamic Finance Guru (IFG) is an Islamic finance comparison and analysis site that helps people with their investment, personal finance and entrepreneurial journeys.
We do this for one reason: to make our community better-off. We want to take Muslims from being among the poorest in society to the richest. We think that this is the most effective way to deal with problems like discrimination, under-representation and poverty. For more about the team visit: www.islamicfinanceguru.com/ab...
--------
🌍 Our website / blog - www.islamicfinanceguru.com
🙆🏻‍♂️ Our investment arm, Cur8 Capital - cur8.capital
To get 📕 Islamic Wills in the UK - wills.islamicfinanceguru.com/
👨🏼‍🏫 Our Investing Courses - www.islamicfinanceguru.com/co...
🎙Our weekly podcast - www.islamicfinanceguru.com/po...
👔 Linkedin: / islamicfinanceguru
🐦 Twitter - / ifguru
📕 Facebook - / islamicfinanceguru
📸 Instagram - / islamicfinanceguru
--------
Our most popular videos:
How to invest like the 1%: • Invest Like The 1% - C...
Is Share Investing Haram or Halal? • Is Share Investing Hal...
--------
Get in Touch:
If you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to drop us a line on our Forum forum.islamicfinanceguru.com/ - we and the muftis on the forum try to respond to every one!
#investment #startup #investing#shariacompliant #halalinvesting #halalinvestment #islamicfinance #ifg #islamicmortgage

[@imshoaib]

The most difficult part of the whole house buying journey is not saving or investing, its training your wife to cheaper gifts... Please make a video on that too...

[@IFGuru]

No comment.

[@KingEutony]

Don't get married lmao

[@kmattheonly4348]

@@IFGuru legend 😂😂

[@delightfular9200]

Too funny, with me it's the other way around 🤣

[@hakankaya]

😂

[@hamzahlubega1637]

Great great video!! As a migrant, still trying to navigate how to skip over ribah mortgages in the UK so the Islamic route guidance video will be very helpful and what the compromises we should be ready for in order to access the halal route in order to keep on the upright path. Thanks for all

[@scars5019]

Yh id like to watch a video on this too

[@mohammednokri9291]

+1

[@ObaidahNaseer]

May Allah give us all a house in this world and in jannah. Ameen.

[@hamza361]

Great video man, lots of transparency.

[@junaidashraf1835]

Amazing video Masha’Allah v much needed 🙏🏽

[@maha.b1]

Thanks for sharing your experience with us: super interesting. I would love another one on your experience getting the loan

[@OudioBooks]

Great advice. Alhumdullilah.

[@Shadyslick0408]

Would really love a video on Gatehouse. Thanks for this one. Really helpful as always brother Ibrahim. Jazakallah!

[@shadow254raven]

Great video Ibrahim! I would definitely like to see the in-depth process on getting the Islamic mortgage through gatehouse as from what I’ve heard they have a lot longer process and a lot of boiler plate hoops to go through before you can actually get something concrete.

[@nyasmin3314]

Loved this video thank you! The process video with gatehouse would be amazing too.

[@Scope25]

Excellent video! Great content for a young person.

[@husein_patel]

I will be honest I find most other IFG videos very basic and general but this video has been good. JazakAllah

[@IFGuru]

What would you like to see more of?

[@annon8880]

Good to hear about the process of Islamic mortgage and how much is needed to keep up with payments

[@spawnnpwn4166]

Yeah, I'd love to see a video on Gateway house Islamic mortgage!

[@investingwithu]

Great video bro!

[@Yaasyh]

Salaam, jazakallahu khairan for this informative video, you guys are making huge strides in the islamic finance scene and it really is appreciated. Could you please bump the video for the islamic mortgage?

[@AK-rb7lb]

Great video brother, please do the video about the process of getting the mortgages with Gatehouse. Shukran.

[@suhail45678]

Definitely do the Gatehouse video. There’s not many options out there so a vid would be very helpful.

[@fahadmalik5933]

Nice video, looking forward to Gatehouse bank experience sharing. JazakAllah

[@husainpatel7683]

Nice video. Gatehouse bank experience and current HPP eligibility criteria is a hot topic. would love to see that. Cur8 capital is very appealing but out of reach for some of us due to the financial benchmark required. Are there alternatives for us ? Jazakallahu khaira.

[@omarhussein9908]

MashAllah - great content. Very informative and entertaining.

[@MI-pr8zo]

Yes please make a video on islamic mortgage and buy to let options

[@Armageddon227]

Would love to see a video about the bank negotiations

[@bekindandmerciful5145]

superb video

[@samiphysio617]

Yes please do one for gatehouse bank

[@AhmedRaza-lh4oj]

Yes please, housing videos please

[@asaslam]

Can you ask your video editor to reduce the “jumpiness” of your video. The constant caffeinated zoom in/outs really gave me a headache.

[@sahidul]

One thing to highlight with LISA is that they are limited to houses up to the value to £450,000 which limits options for those in London

[@arba9145]

Got it: 1. Calculate savings 2. Choose an appropriate home 3. Budget 4. Invest in stocks 5. Ask dad for 10k 6. Shout at gatehouse bank 7. Get a LISA

[@bilal.hashim]

please share the video about getting an islamic mortage

[@spawnnpwn4166]

Can you make a video on what ISAs are and the recent changes being made to it?

[@oscarthomson4262]

Thanks for the video. It is really a beneficial one. Which company did you choose for LISA account?

[@jefk7212]

Please do a video on Islamic mortgages and where we can look for them etc

[@DoPositiveUK]

More about Gate House plz 😊

[@beatapasierb73]

Would love to see a video on Gatehouse halal mortgage!

[@Asif-jy9op]

Please make the video on Gatehouse bank home finance process

[@straightpath8356]

How to calculate intrinsic value of a rental property(not market value) (Average Annual Rent minus Service charges Annualy) multiplied by 10 Example:- 1BHK apartment Average annual rent: 35,000 Service charges: 10,000 Intrinsic value of the property: (35,000-10,000)×10=2.5lacs Market value may be 7.5lacs, 3 times the intrinsic value of the property Note: It's average annual rent of that area for a similar property, not peak annual rent. Also you need to adjust the property price if it's an older property. Apartment prices usually follow Bell Shaped graph in Prices to Duration curve, where as Villas, Townhouses usually follow a positive linear line which is closer to x-axis line in the graph, but depends on the initial purchase price of the property

[@ArshadKhan-oc2yx]

Assalamu alaikum brother, Could cover these topics for the ones living the US too. جزاك الله خيرا و زادك في علم نافع

[@theancientsancients1769]

Are you talking about property funds in the end parts? Like owning a share of a property?

[@mustafizrahman.]

Please do make a video on your experience in securing an Islamic mortgage

[@itzKodeX]

Asalaamu alaykum, can you do a video about islamic mortgage. JazzakAllahu khayran:)

[@sajids7146]

Jazak Allah Khairan for the video brother. Really great that I watched this video and starting to see how I can look into buying a house in the future as a young adult. Could you verify that the government lifetime ISA is halal and also if life insurance is halal or not?

[@kaz4845]

Which Cur8 property deal would you recommend that is liquid?

[@mrhhh693]

Could you make videos about buying digital projects online and get benefit from them, your brother from Yemen.

[@kritakhatun]

I've managed to get myself a flat from the council but I am a renter. I want to buy my flat and have it rented so i have income that way but it seems impossible as it's a flat in London and I perhaps think investing in a bigger home is much better. But I'm not sure! To let go of my flat seems like such a waste as it took me 4 years to even get it...

[@TheFallenStrider]

Can you make a video on lifetime isa please

[@ranzerm5969]

Which LISA would you recommend?

[@ug24axm]

yes yes yes please

[@OptimizedMuslim]

Not interested in buying but enjoyed the video nonetheless

[@aqeelarmani]

What are your suggestions for EU residents who do not have that much options for islamic home financing?

[@nafeesulhaq1]

Hi. Does lifetime ISA work with all sorts of islamic mortgages or is it only for conventional mortgages?

[@AD-jw7gf]

Please prioritise Islamic halal mortgages. I have been put off buying simply because I have been too wary as to whether products are fully compliant.

[@fbashipuk8476]

Lots of issues with so call islamic mortgages... look up way home or crowd 2 live shared ownership

[@smaakmirza3553]

Which LISA schemes are sharia compliant?

[@mohammedhussain2472]

Salam, looking at value investing in stocks but finding all the ones I have my eye on are NON shariah compliant according to Zoya. Is it a reliable app?

[@abdullahihsan6493]

Dont you have a group channel, i need a mentor in money games. I need the money, working is not enough in the world right now. I really hope you can help. May allah bless you. 🤗

[@Zaitoon15]

Excellent video, I found it very helpful. Could you advise me on the following- My husband bought our second property via shared ownership and it’s in both our names. Would I be able to use the ISA as I didn’t purchase our current home and be considered a first time home buyer?

[@afrosaafsar]

If your name is already on the deed for this property, then you're already considered to be a homeowner. You will not be eligible for any of the schemes for first time buyers.

[@Zaitoon15]

@@afrosaafsar thanks for the informative response

[@MrAsgharbukhari]

How do I meet you brother, I live in Ilford

[@muhidraihan1755]

please talk about the halal mortgage

[@arafatul86]

Living in Dublin, Ireland. Is there any way to apply for Islamic mortgage from UK Islamic Financial Institutions?

[@zs4835]

Brother Ibrahim, if I need an islamic home loan in UAE, which bank do you suggest.

[@TheTenners]

What's your interest rate on that £300,000 loan?

[@masbuleinlondon]

Assalamu alaykum. I read in several places that LISA are not halal. Could you please explain. Is it restricted to specific banks?

[@sheriffsalisu8428]

Salaam alaykum WARAHMATULLAH WABAARAKAATUHU. I am in South Africa. How can I invest in cu8 capital?

[@nyasmin3314]

Also… LISA… and it being halal? I know you used it but I didn’t know it was halal.

[@straightpath8356]

One landlord bought 1bhk flat for 7.5lacs on home loan of 25yrs for two things, rental income and capital appreciation Let's see the maths! Made down payment of 1.5lacs along with 40,000 extra costs. Total 1.9lacs EMI of 3500 and Service charges and maintainence of apartment 1000 per month Rent per month in years:- 2019=4000 2020=4000 2021=2000 2022=2300 2023=2800 Property bought for 7.5lacs is now worth 4lacs due to price correction (which is still costly as it must be below 10 times of average annual rent, not peak rent) Conclusion:- Stuck with property with monthly loss of 2000 and loss of capital of 30-40% adjusted to inflation

[@hakankaya]

🏠 👀💡🚀

[@g.p616]

Wow, How things have changed. Bought my fist house 45 years ago (4 storey town house in Hackney N1) at age 21 for £22k ! …And with a GLC mortgage; yep the GLC did mortgages! The country is ruined!

[@theancientsancients1769]

Why would anyone on a average income want to buy a house in the UK which has extremely expensive houses? This is debt liability!

[@kaz4845]

Because it is often more expensive to rent

[@the.shahjahan]

Are ISA's halal?

[@shoaibhalimi6235]

made about Islamic mortgage

[@justinlan8739]

Just sayin, had you put a little in doge around that time 😌

[@IFGuru]

😅

[@MIH1999]

Hey what’s wrong with goodmayes 😂

[@IFGuru]

Nothing 😉

[@shabzix5659]

How can an 80k salary afford u a saving of 2k a month? Sorry,i'm just scratching my head on how that is possible. Could you please shade some light on that?

[@IFGuru]

No rent - we were living at home

[@shabzix5659]

@IFG oh I see,rent is really a killer. Thanks for clarifying. I thought i was missing a trick

[@riazhoque8312]

halal mortgages ? And stock and shares .. … invest in your akhira not on this man’s advice 🤦🏽‍♂️