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How I bought a flat in London at 25 - it’s a £315k 1 bed new build flat that I got through the shared ownership scheme. In this video, I talk through how I saved up a £22k deposit, how much I pay monthly for bills, and how much it cost in total to buy a new build off plan flat in London (after taking into account deposit, solicitor fees, mortgage broker fees, etc)
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My Empty London Flat Tour:
• I BOUGHT A FLAT IN LONDON
My Moving In Vlog:
• MOVING INTO MY FIRST A...
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Shared Ownership Calculation from the Government site:
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Timestamps:
00:00 Intro
00:12 Main Figures: Property Price, Deposit & Mortgage
01:15 Monthly Figures: Rent/Mortgage/Service Charge/Bills
01:57 Why I Bought this Flat
03:05 Shared Ownership Calculator
04:08 Pros of Shared Ownership
05:14 How I Saved £22k for the Deposit
08:13 How Much it ACTUALLY Cost to Buy This Flat (Reservation Fee, Mortgage Broker Fee, Solicitors and Other Fees)
11:05: Conclusion