Live Q&A for First Time Buyers on Shared Ownership, Help to Buy and mortgages

[@SelfInvested]

CLARIFICATION 1) The government has committed to abolishing ground rent for new leases (not all existing). Watch this video to find out more - kzbin.info/www/bejne/pZqpkGeBYq99hs0

[@uk-aymamavlogs4731]

Really appreciate you mate guiding us to this matters

[@LeeEverittProperty]

Well done mate! Really good! You're going to help a lot of people with these!

[@SelfInvested]

Thanks, Lee! :)

[@patriciahill6839]

My daughter is going through the shared ownership process. I was extremely worried but your channel has clarified so many issues in this regard. This route is better than renting in my view so long as you really look into all aspects of the scheme. As a single person you cannot get the banks to lend you enough to buy anything so this scheme suits the situation. Thank you so much and congratulations on the new child x

[@SelfInvested]

Hi Patricia 👋🏿 Thank you! I do think you need to be careful with shared ownership. Have you watched the videos in my shared ownership playlist: kzbin.info/aero/PLUG_SDz9gLQI3lKk_GIxi9Kgn_GeCaDDp Also, I’ve interviewed a number of shared owners: kzbin.info/aero/PLUG_SDz9gLQKqInQrRbCC21S4pZpp4JrN

[@fungirl0123456]

Gutted I missed this! Awww congratulations on the second child and safe delivery. Blessing to you and the fam.

[@SelfInvested]

Thank you! Did you miss the post I did promoting it? I’ll do another in the future but not sure of the best way to promote it...

[@AB-ny4pf]

Yeah not all of us use other socials like Instagram. I would suggest also making a video the day before it you can to announce you will be hosting a Live QnA. Congratulations as well!

[@stellatoweett1201]

Bless your are best advisor

[@paulthorp3239]

You are doing good from yr life experiences on shared ownership as 65 yr old never heard of it and a good start for younger genarations 😷👍

[@SelfInvested]

It works for some, but buyers need to do their research before going for it

[@nitrot8758]

Thanks for the great content

[@SelfInvested]

You’re welcome, Nitro 🙏🏿 Thank you for watching!

[@gabrieladias6651]

Great live! Thanks for asking my question on renting a Help to Buy/Shared Ownership property. Please do share the links in the video description. On a side note, just wanna remind your audience that Help to Buy ISA is no longer offered to new account openers. New joiners can only open a Life ISA.

[@SelfInvested]

Yes, you're right! Thank you for clarifying and for watching 🙏🏿

[@SelfInvested]

The links are now in the description btw ;)

[@STATEC1RCUS]

Great video, very informative

[@SelfInvested]

Thanks, Dom! I'm glad you think so :)

[@watchingwatcher5821]

Congratulations on your new pregnancy! Wishing you and your family all the best!

[@SelfInvested]

Thank you! ☺️

[@SelfInvested]

It’s not so new lol! It sounded like I said 9 weeks because of the bad connection, but she’s actually 39 weeks and due this Tuesday coming lol!

[@uk-aymamavlogs4731]

Hello mate questions please,about staircasing on shared ownership on a house property

[@MegaMrjoa]

Could you make a video on Right to Acquire on the housing association? and possible ways to buy or leave to buy a house?

[@SelfInvested]

I’ve got one in the works, it’s coming!

[@bouchraelfalahi3658]

Very helpful information thank you 😜

[@SelfInvested]

Haha! Thank you 😉

[@segbenugbenga7450]

Well explained. Thank you 👌🏽

[@SelfInvested]

You're welcome! Thank you for watching :)

[@billybillymartin]

Hello, thank you so much for your video. Just a quick question, I’m sorry if this has been answered before. If I buy a house through the Help to buy scheme, am I allowed to rent out the property once the government loan is fully repaid? I would like to live in a flat for 5 years and then upgrade to a house. Thank you!

[@SelfInvested]

Hello, Ella 👋🏿 Once you own 100% of your property, having paid back the loan in full, you should be able to rent it out - as long as there’s nothing in your lease agreement to prevent this. Good luck with your property hunt! I have quite a few videos on the Help to Buy scheme if you haven’t watched them: kzbin.info/aero/PLUG_SDz9gLQJIBs_0uHERF90GRFLamKv_

[@nettelast]

Really informative thank you😉

[@SelfInvested]

You’re welcome. Thank you too! 😉

[@Chocoecstasy]

Hi bro I love all you videos. I am new to this house buying thing and in process of saving. Could you guide me I am going to open Lifetime ISA and planning to save 4k over a year. My wife who doesnt work at present can she open Lifetime ISA as well? And then once we have enough saving can we both use our Lifetime ISA funds to buy one property? Keeping in mind she doesnt work/earn can this affect our mortagage in a sense that they may say since she is not earning thay how can she contribute towards mortagage? And then not allowing her to contribute her Lifetime ISA. Because I dont want to fix 4k in her Lifetime ISA if we will not be able to use it.

[@SelfInvested]

Thank you for watching and leaving me a comment, I really appreciate it. So, to use a lifetime isa bonus to buy a house, you need to be a first time buyer and buy a property for £450k or less. I don’t think it makes a difference whether you’re employed or not. Your employment status should only be an issue when a lender is considering the affordability of a mortgage. Typically, lenders will lend a maximum of 4.5 times someone’s income. Hope this answers your questions. Here’s a video I did on lifetime isas: kzbin.info/www/bejne/d6OxoYuIhJygadk

[@paulthorp3239]

How or where can I get a long term fixed mortgage as in usa from my past in usa we could budget to a fixed mortgage and not worry over the end of say 2 yr fixed

[@SelfInvested]

Are you based in the us? Don’t know much about mortgages over there. In the UK, I’d say speak to a mortgage broker

[@paulthorp3239]

@@SelfInvested no we moved back to uk in 2017 and still looking for a good deal but will ask around for a mortgage broker good advice by the way thanks

[@SelfInvested]

@@paulthorp3239 check out my latest video, I spoke to a broker on there

[@uk-aymamavlogs4731]

Hello mate

[@e2nyb760]

😉

[@SelfInvested]

Thanks for watching all the way through! ;)

[@e2nyb760]

You’re welcome! Keep making these very informative videos 😊

[@SelfInvested]

Will do 💪🏿

[@STATEC1RCUS]

;)

[@SelfInvested]

Good man ;)