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How To Buy a House In LONDON 5% DEPOSIT 95% Mortgage Guarantee Scheme 2021


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How To Buy a House In LONDON 5% DEPOSIT 95% Mortgage Guarantee Scheme 2021

Date: 2021-03-23 16:23:45

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HOW TO BUY A HOUSE IN LONDON using a 5% DEPOSIT and the 95% Government Mortgage Guarantee Scheme (Budget 2021) in the UK. Learn WHERE YOU CAN BUY a property in London and what salary you need to afford to buy in different parts of London vs. your current salary 😀.

Grab our FREE MORTGAGE CALCULATOR:

https://thehumblepenny.com/mortgagecalculator

★★ SUBSCRIBE TO CHANNEL HERE ★★

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★★ WHAT TO WATCH NEXT ★★

5% DEPOSIT – What City Can You Afford with the 95% Mortgage? – https://youtu.be/x28pG4-nTr0

95% Mortgage Guarantee Scheme (PROS vs CONS) || HOW TO BUY A HOUSE || 5% Deposit 2021 – https://youtu.be/7lap8aUnWI8

How We SAVE 60% Of Our Income For Financial Independence UK – https://www.youtube.com/watch?v=MAC5HrmYsj4

9 QUALITIES YOU NEED TO REACH FINANCIAL INDEPENDENCE – https://youtu.be/mlKTTJatrgQ

WHY MOST PEOPLE REMAIN POOR – https://youtu.be/duyPlK8MwVQ

How We PAID OFF Our Mortgage In 7 Years – https://youtu.be/0_aWbccuZiw

How Much Money You Should Have Saved By Aged – https://youtu.be/TLFFmqIjt_A

★★ LINKS & WEBSITES MENTIONED ★★

Average London Borough Property Prices are from the Land Registry House Price Index as at December 2020. https://www.which.co.uk/money/mortgages-and-property/first-time-buyers/buying-a-home/buying-a-house-or-flat-in-london-arf8g3r8sxpp

Salary Calculator – https://www.thesalarycalculator.co.uk/salary.php

Mortgage Calculator – https://www.which.co.uk/money/mortgages-and-property/mortgage-calculators/mortgage-repayment-calculator-agbgh7r3bfhm

Grab our FREE MORTGAGE CALCULATOR:
https://thehumblepenny.com/mortgagecalculator

★★ EQUIPMENT USED ★★

Canon EOS M50 Camera – https://amzn.to/2zcz1K0
Canon 5D Mark II Camera – https://amzn.to/2xRF1XD
Canon EF 24 – 70mm F2.8L Lens – https://amzn.to/2lFwdRQ
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Manfrotto Tripod – https://amzn.to/2YC3Sto
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★★ ABOUT US ★★

We became Financially Independent aged 34 and our story has been featured on the BBC, Mail Online, Channel 5, Metro, etc.

We share content to inspire and teach others how to achieve Financial Independence and Freedom too 😊

MARY:

I’m married to Ken and we have two boys aged 6 and 4. I’m a Londoner, born in Hackney! 😎

Day to day, I run the operations of The Humble Penny as a creative – doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.

When I’m not creating, I love vegan food, travelling, working out and doing some outdoor fun things with my husband and kids 🙂

KEN:

I’m a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I’ve spent the last 20 years on a steep journey of Personal Development.

CFO by day with over 12 years experience in the investment business. I’m also a Chartered Accountant and hold an MBA from Cambridge University.

To explore my creativity, I’m a blogger and YouTuber by night. I create from my experiences as a family man and entrepreneur.

I have a passion for all things Financial Education, Business and Personal Development. I also love Photography, Music, Travel, and Sport.

★★ WANNA CONNECT? ★★

Blog – https://thehumblepenny.com
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Twitter – https://twitter.com/thehumblepenny
Facebook – https://www.facebook.com/thehumblepenny/
Email – YouTube@thehumblepenny.com

★★ OUR MEMBERSHIP PROGRAMME ★★

From 2020, we’re helping 10,000 Families achieve Financial Independence in 10 Years. Join Our Mission here:

Financial Joy Academy

★★ TIME STAMPS ★★
0:00 – Intro
01:30 – Structure of this video
04:04 – Source of all property data
04:31 – PART 1 – Average London Property Prices by Borough
07:08 – PART 2 – Salary Required For 5 Cheapest London Areas
07:51 – How much you need to earn to buy in GREENWICH
09:27 – How much you need to earn to buy in CROYDON
10:18 – How much you need to earn to buy in NEWHAM
11:04 – How much you need to earn to buy in BEXLEY
11:44 – How much you need to earn to buy in BARKING & DAGENHAM
12:24 – MINIMUM SALARY For a Property in LONDON
13;45 – Other considerations for Affordability in London
14:58 – PART 3 – 5 Salary Scenarios vs London Affordability
18:45 – PART 4 – CONCLUSIONS & TIPS To Buy In London
22:16 – FULL LIST of salary required by London Borough to buy at 5% Deposit
22:39 – Question for reflection and comment

★★ About this video ★★

How To Buy a House In LONDON || 5% Deposit 95% Mortgage Guarantee Scheme (2021)

Massive thanks for watching and following our channel 😊💛

Best, Mary and Ken Okoroafor

NOTE: For FULL Transparency, some links above may be Affiliate Links. We do NOT offer Financial Advice. Always do your own personal research.

#mortgage #firsttimebuyer #property

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