How We Got Free £20,000+ | How We Saved To Buy Our House In The Uk Within Two Years

Рет қаралды 21,999

Күн бұрын

Hey, fam! so good to see you here. In this video, I share how we saved for our first house in the UK and How we got over £20,000 worth of free money and incentives towards our first home. I hope you like this video, please leave a COMMENT and LIKE. Thank you♥️
How to create a high-interest savings account in Monzo www.tiktok.com/@thechiderapet...
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TIME STAMPS
0:00 Introduction
0:43 PART A: Getting our finances in order
0:48 Familiarising with the house-buying process
1:11 Determining the price of the house
1:24 Determining the amount of deposit to save
2:10 How we built our credit score
3:45 DISCLAIMER
4:25 Lifetime ISA
6:13 Top tip 1 for Lifetime ISA
8:19 Top tip 2 for Lifetime ISA
9:26 Prioritising savings
11:17 PART B: Free money and incentives
11:28 Deposit contribution scheme
12:45 House upgrades
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Please contact me hi@thechiderapeters.com

Пікірлер: 125

@Jaay2022 6 ай бұрын

First here❤🎉 Loving this series

@ChideraPeters 6 ай бұрын

As always! Thanks for showing up ♥️♥️♥️

@Jaay2022 6 ай бұрын

Sis do you still do paid coaching/1:1 sessions?

@ChideraPeters 6 ай бұрын

Yes I do. You mean personal finance sessions? I had a few slots for January which were all taken up. I’m yet to open any slots for February though 😅

@Jaay2022 6 ай бұрын

⁠@@ChideraPeters In Academia

@minaeregoba4649 6 ай бұрын

Very helpful, Chidera. Thank you for sharing.

@victoriaayilara7849 6 ай бұрын

Thanks for sharing Chidera❤️

@IAMTITOMISIN 5 ай бұрын

Thanks for sharing Chidera 💛

@ronkekomolafe2019 6 ай бұрын

Nice video👍…..thanks for sharing. Can you please do a video on how to go about the Monzo High interest savings.

@user-xv9tk8vx5i 6 ай бұрын

The developers 5% is the boom indeed. Lucky you indeed

@ednasigi1470 6 ай бұрын

Very informative video 🫶🏾..thank you for sharing these important tips!

@ChideraPeters 6 ай бұрын

You are welcome 🤗

@calebchidi2566 6 ай бұрын

Thanks for sharing this Idea

@fatimohidowuojuade8401 6 ай бұрын

You are blessed sis, very detailed information

@ChideraPeters 6 ай бұрын

Glad you found it helpful

@Askchefoge 6 ай бұрын

Congratulations again, Chidera. We got a show home which already had some upgrades like flooring, stairs was done, blinds done, garden almost done etc

@crazysexykooltchebs7057 6 ай бұрын

How do you buy a show home? Was it advertised? Please i will like to know more if you can tell. Thank you😊

@ChideraPeters 6 ай бұрын

Amazing! Love that for you. Congratulations 🥳

@sanny7476 6 ай бұрын

Great video ❤

@user-hc8sv8mt1n 6 ай бұрын

Great tips! Thank you

@ChideraPeters 6 ай бұрын

You are so welcome!

@uchennaikediashi4059 3 ай бұрын

Thank you for sharing

@joychizzy6603 6 ай бұрын

Thanks for sharing chidera

@ChideraPeters 6 ай бұрын

You’re welcome

@kimberlyosse 6 ай бұрын

Your a blessing thank you

@emakimberly6541 6 ай бұрын

Congratulations again, this is amazing Chidera, my developer did something similar, we had an upgraded kitchen, garden turf, tap outside, flooring, as well as some other things that came to a total of over £12000 + I got an extra £1500 as a key worker to go towards whatever we wanted ( we chose built in wardrobes) + almost 5% contribution towards our deposit. I think new builds are under appreciated and if anyone is watching this and is considering going for a new build- totally do! We get snags fixed whenever within the first 2 years (ps: every house comes with snags whether old or new)

@Cynthia-dv6ph 6 ай бұрын

Hi, please new build developer did you use?

@emakimberly6541 6 ай бұрын

Hi, We used Gleeson Homes.

@Cynthia-dv6ph 6 ай бұрын

@@emakimberly6541 thanks for sharing. I'm really contemplating between an old and new build. The reviews can be something else.

@Rsignatures 6 ай бұрын

Thanks for sharing

@chidinmaeriamah7691 2 ай бұрын

Pls can do a video on freehold property and lease property which is better

@empoweringmindsforgreatness 6 ай бұрын

This vid is informative. Well done Chidera and congratulations on your new home. I am the next.😁

@ChideraPeters 6 ай бұрын

Amen to that!

@osasereobaye7533 6 ай бұрын

I was looking forward to this post. I've commented before watching ..lol

@ChideraPeters 6 ай бұрын

Hope you enjoyed it!

@osasereobaye7533 6 ай бұрын

@@ChideraPeters oh yes, I did as usual.

@Ellasfam1 6 ай бұрын

Well explained I remember paying £4k. In 2019 in moneybox only to find out we can’t get mortgage because my husband was still studying when I withdrew the money 😢I was sad because as that time I did not know the money must be use in getting a house I think I got £3k plus it was a big loss for me then 😅 is really important to watch videos before making any decisions …

@ChideraPeters 6 ай бұрын

Oh that sucks, sorry about that

@tosinariyo4837 2 ай бұрын

Thank you for the information. You didn't mention that the ISA you used is age limited. I tried this but 40yrs and above cannot do it.

@ijeoj 5 ай бұрын

Very helpful as always!

@biggggieeee5195 Ай бұрын

so what are the options of free money for over 40s, apart from LISA account. thanks

@user-br5bm8tw9o 6 ай бұрын

@Chimera peter, please what's the line to open an ISA account....

@Successminivlog 5 ай бұрын

congrats again chidera, i am so happy for you. What is the name of your developer if you dont mind me asking. like how much should our salary rrange be to get a good mortage. i mean How much should i earn to be able to be able to get a mortage of 300-450k

@nwadikeikechi3415 5 ай бұрын

Do I need to put in £4,000 every tax year? Or the initial 4k will accrue interest the following year

@Brown6031 6 ай бұрын

Wow, 20, 000 Free never heard of this much free towards house let me listen up

@melvinaalaoma7239 2 ай бұрын

Hi Chidera… The high rate savings account can a non uk resident open the account?

@chinenyennamdi4926 6 ай бұрын

Hi Chidera, thank you for the breakdown and congratulations on your new house. Can I put more than 4,000 in the lifetime ISA

@YaaAfrahEssentials 6 ай бұрын

No, maximum 4000 every tax year

@jamesobodoeke741 6 ай бұрын

Hi, please what credit card did you use ?

@oladayoalexabiodun5220 6 ай бұрын

Congrats Chidera, you have given me the boldness to give this LISA account a go… i have opened a moneybox account for almost 1 year now, but could only pay in 10£ 😂…. Can I ask how long it took for money box to credit the solicitor?… I am concerned they might be very slow with payment and it could lead to loosing your mortgage deal as a result.

@ChideraPeters 5 ай бұрын

Oh they aren’t slow. It took about a day or so

@RhodaChidiebere 5 ай бұрын

Hi Childera, can the 4k I put this year serves for the next tax year?

@Cynthia-dv6ph 6 ай бұрын

Thank you, Chidera. What developer did you use please?

@ChideraPeters 6 ай бұрын

Barrats Homes

@africansister 2 ай бұрын

Who was your developer if u don't mind sharing. And which bank did u open your lifetime Isa. Thank u

@mtlanre3820 6 ай бұрын

Hi Chidera, thank you for this video! Please would you mind sharing the name of your developer?

@ChideraPeters 6 ай бұрын

Sure, it’s Barrats Homes

@chiagoziembera8642 6 ай бұрын

Can a student open moneybox ISA account?

@user-xv9tk8vx5i 6 ай бұрын

Thanks Chidera. Can you share how to see the developers site/

@ChideraPeters 6 ай бұрын

I already mentioned this in our video on how we bought our first house. kzfaq.info/get/bejne/pLOYasiQy5aZd4U.htmlsi=ZlzVVmGvh6yqjQJK But a good website is newhomesforsale.co.uk

@ChinasaDorathy-xb6eq 6 ай бұрын

Thanks Chidera for this well detailed info. Please I want to know the maximum amount to save in the ISA account

@Soniaogbeide 6 ай бұрын

It’s 4k a year and you get 1k in April.

@Soniaogbeide 6 ай бұрын

You get 1k for every 4k you save in a year.

@dosesofdeola3829 6 ай бұрын

If they plan is to buy in 4 years is it still wise to use money box?

@user-sd9gg1bx9j 6 ай бұрын

Hi Chidera, your glow is really glowing 😊. My question is on the LISA, you mentioned that it is only open to those under 40, In a situation where someone opens the account when he/she is 39, does it mean that once the person clocks 40, he can’t renew it for another tax year?

@agirlikme 6 ай бұрын

No you'll be able to keep depositing money in it

@ChideraPeters 6 ай бұрын

As long as you open before 40, you’ll be able to continue paying into it yearly

@uchennaikediashi4059 3 ай бұрын

What if you are above fourty years but a first buyer can you attempt opening an ISA account.

@chidinmaeriamah7691 2 ай бұрын

Pls what is the name of ur developer

@ijaylovesluxury 6 ай бұрын

Thank you for sharing Chidera. For the money box, do you have to put in £4k by the end of each finanacial year to get tge £1k or doee it have to be any mount to get the £1k?

@saint1210 6 ай бұрын

@ijalovesluxury 25% on any amount up to a maximum of 4k. E.g 1k = £250, 2k = £500

@ChideraPeters 6 ай бұрын

Hi 👋🏾 it’s 25% bonus on any amount. So if you have just £500 in it, you’ll get 25% which will be £125

@lydiaokaforbucci8373 2 ай бұрын

For the lifetime ISA, can one exceed £4000 ?

@adeyeyeyinkagbonjubola5291 6 ай бұрын

Can someone above 40 safe for house on moneybox?

@kimberlyosse 6 ай бұрын

Hello friend ❤

@uncensoredjessica 6 ай бұрын

Hi Chidera, thanks for this very informative video . Please: Is this 2k you got from the bank, part of public funds? Is this ISA also applicable to students or their dependents? What if the individual is above 40 years after graduation, is the person still eligible to apply?

@ChideraPeters 6 ай бұрын

Hi 👋🏾 the 2K I.e. 1K yearly isn’t considered public funds 2. Yes it’s applicable to students and dependents. But I wouldn’t suggest a student to open one yet until your stay is a bit more certain with a work visa 3. No, once you’re above 40, you cannot open a lifetime ISA

@joselynekahungu2853 5 ай бұрын

Hey chedera,congs on your new Home and thanks for the info.just to ask about ISA account,if one open the account when 39 years,does he benefit from it even at 40 years? Thanks.

@gratefulmuah6480 5 ай бұрын

Nice info. But my worry is , for example if I deposit 4k now before 5 April 2024, and then deposit another 4k say by June. Will I get the 2k add-on? And do I have to keep the act open for 2years or 1year before I can use it to buy a house? I'm just confused because I've got the app but I havnt deposited anything yet.

@victoriaAdediran 5 ай бұрын

That’s correct, you will get 2k. Don’t fear it works

@gratefulmuah6480 5 ай бұрын

But how long will I keep the entire money before I can use it? 1 year or 2years?

@RBLX_SlayThatHair 4 ай бұрын

Which app is this please

@jimmemo090 24 күн бұрын

@gratefulmuah6480 your LISA should be at least a year old to be available to use to buy a property

@benedictsalako9754 6 ай бұрын

Your colour today is bright..

@ChideraPeters 6 ай бұрын

lol it’s the light I used 😭😂

@andersonallagoa298 6 ай бұрын

Congratulations chi.please I am above 40 and my wife is in her 30’s.If she has an ISA account and we want to buy a house together can her ISA account be used to buy the house jointly

@ChideraPeters 5 ай бұрын

Hi 👋🏾 yes her ISA can be used. As long as she’s a first time house buyer.

@andersonallagoa298 5 ай бұрын

@@ChideraPeters thanks

@toyinkazeem5284 6 ай бұрын

So what options do 40 and above have please?

@RBLX_SlayThatHair 4 ай бұрын

I wonder ooo

@Brown6031 6 ай бұрын

Love you hair

@ChideraPeters 6 ай бұрын

Thank you!

@hopeezurike8587 6 ай бұрын

Please is the ISA bonus a public fund?

@agirlikme 6 ай бұрын

@ChideraPeters 5 ай бұрын

No it isn’t public funds

@desoz4043 4 ай бұрын

On gov dot UK, there is a list of what public funds comprises of, LISA is not public funds, benefits are

@chinwendusophie1414 6 ай бұрын

❤❤

@Value357 6 ай бұрын

nice video, are you a nurse Chidera

@ChideraPeters 5 ай бұрын

No I’m not 😅

@chinasaabasilim 6 ай бұрын

Wow...congratulations... This developers 5% addition to your initial deposit, is it a loan you have to pay back or its free???

@ChideraPeters 6 ай бұрын

It’s 100% FREE, not a loan. We don’t have to pay it back

@Djogentertainment 6 ай бұрын

No. You don’t. We got 5%, £10k cash discount and kitchen upgrade. Every developer have a different deal, you have to dig to get more from them.

@chinasaabasilim 6 ай бұрын

@@Djogentertainment that's nice....thanks a lot... il keep this in mind

@amusaedikan7309 6 ай бұрын

Hi Chidera,thanks for the insight, i work around Houghton regis, and will really like to get a property like yours, can you give me your mortgage advisors contact?❤

@oluwaseyiyussuf2194 6 ай бұрын

Hey Chidera, love the content.. I just wanted to ask. What if I have more than £4,000.. can I put it there or it must just be £4000.. Regards

@saint1210 6 ай бұрын

4k max per tax year

@ChideraPeters 6 ай бұрын

You can’t put more than 4K per year. That’s how the account works. The Govt set a maximum of 4K for that account. If you have more than that then put the rest in a High Interest Savings Account. There are many out there

@adarighofuaelizabeth7015 6 ай бұрын

@ChideraPeters Hi, pls can you give an example of high interest savings account. Thank you

@kcasunxion 6 ай бұрын

How did you enrolled to electoral when your not permanent or ILR yet?

@ChideraPeters 6 ай бұрын

You don’t need ILR to register to vote. Just call or let your council know you want to register to vote. You only need to reside in the U.K. to be eligible to vote

@mauversmultibiz6711 6 ай бұрын

As a commonwealth country,you're eligible to vote if resident in the uk

@rukyakpowaye967 6 ай бұрын

Does this mean that if I put in £4000 this year, I can put in another £4000 next year?

@ChideraPeters 6 ай бұрын

Yes you can. As long as it’s another tax year. The tax year resets every April

@samuelnwaobi5125 4 ай бұрын

Please wat if I don't have up to 4000 for the following year after putting in the the first 4000

@olatundehannah4884 6 ай бұрын

The LISA can also be used to save towards retirement

@ChideraPeters 6 ай бұрын

Yes I mentioned that in the video. You can leave it towards pension

@adeolaogunleye7965 6 ай бұрын

Saving with Monzo is risky.

@Askchefoge 6 ай бұрын

Really, pls explain more if you don't mind

@hemhemoh 5 ай бұрын

Please explain

@desoz4043 4 ай бұрын

Don't spread what you don't know, Monzo is protected by FCFS hence all deposit is protected

@adeolaogunleye7965 4 ай бұрын

@@desoz4043 Monzo has been closing people’s accounts of late. I know about FCFS 80k+ protection. That doesn’t stop Monzo from closing your account if they think your account is involved in illegal transactions.