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Way to go Chidera! A few points to add from my experience… Any new home always come with a “new house premium” which means it’s on average 15- 20% more expensive than similarly sized fairly older homes. This may normally take at least 5 years to “equalise”, i.e. achieve actual market value. Not an issue if you intend living there for at least 7 years to have any decent equity. Another thing is the overpayment calculation can be misleading. Regardless of how much you actually overpay, because you are most likely on a fixed deal /term at the moment, your overpayment is definitely going towards your overall mortgage amount reduction, not your total term. You’d likely achieve term reduction when it’s time to remortgage, which is when you will look at your balance by then and decide to lower your new mortgage term, assuming you have a lot more income to throw at it by then. Most of the overpayment calculators used assume you stay on the same rate, for the 25 or 30 years, which is rarely the case. Another thing to consider is that on average, people tend to move homes 2 - 3 times or more during their lifetime, with around 7 years max living in one house. Meaning that “ever-after” home now may not necessarily have the same tag few years later. Better to always assume you’ll move, so keep your options open and avoid over-spending on it especially if you’re both young and early on your careers. Lastly, a house is a psychological investment/asset, not necessarily a financial one (until you start earning from it). Whatever equity you have is worth nothing until it’s realised (via sell, equity release, etc.). So better to, again keep your options open when it comes to properties. Cheers.

GREAT VIDEO....! THANK YOU CHIDERA

Thank you for this video! I pray I don’t experience buyers remorse cos the way every time I look I see something else I like is crazy! Completely agree with you on not then spending 50-70k extra to renovate but I have found the new build homes can be small in comparison. Thankfully I have found some homes that don’t require too much repair so it’s defo about finding the gems amongst the overgrown weeded garden. Appreciate this series and your candidness Chidera!

This was suuuccchhhh a good video. THANK YOU SO MUCH CHIDERA!!!

You are looking great. Valid points you've raised. I love new builds for a personal property too. Thanks for sharing.

Thanks for ur advice, I'm thinking of buying a house as well . Ur husband is my Ghanaian brother and I ve watch all ur videos, very open minded . I'm thinking of doing the same thing , I'm single and searching, I don't mind crossing boundaries as the world revolve around as . I wish we could sit down one day and have dinner with u guys .

So is it good to still search for property after you make a purchase

Hey Chidera I'm first here!!😊😊

You are the best ❤

1❤ Beautiful Chi😘

You mentioned early repayment in your video. Does that come with an Early Repayment Charge?

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Can I use a student visa to buy a house 🏠

Have you hung or nailed anything on the wall? I heard you're not allowed to do that for the next two years just in case a crack appears, your developer will fix it. Please correct me if I'm mistaken.

Wisdom has spoken .........🎉

What kind of jobs have you and your husband ? Because new build houses are very very costly and morgage rates are insane huge, and top of all the bills, counsel tax, car taxes and living costs extremely huge !! Even the new build houses and old houses these are not worth the amount of money they selling it for !!