There really aren't a lot of people talking about it. When I was looking for a place I found it so hard to find info and that's half the reason I made this video 😂
Love your channel and thanks to you in one of your previous videos, I discovered intermediate rent/London living rent and hopefully should be moving in the next couple of weeks! Exciting, first flat on my own in London at my big age! Tip to everyone just apply to everything you can afford. Good luck!
That's amazing, congratz! I'm so happy you looked into it. And I agree, if you apply for everything you can afford, the more likely you are to get a place somewhere.
Thank you for sharing this information Abi! I just signed for a lovely intermediate rent flat! So grateful that you made this video. God bless you ❤️❤️❤️❤️ I agree with the comments about applying for everything you can afford. Also ask the housing associations within the areas you’re looking to rent what properties they have available 👌🏾
I currently live with my parents and looked at council housing in my area - the proof of address was 10 years! They really don't want people buying anything or having low rent unless you're from here which seems to be the case for most people I've seen in council houses here - many have previously lived with parents/grandparents. I would guess more people are pushed out than can get on the list. It's so unfortunate that so many, possibly even myself in the future, will have to move away from home just to live. Thank you so much for this video and your other videos too, they are so insightful!
Many councils have sold off their properties but haven't replaced them. A council estate not far from me was sold to a private investor for £1. The council I believe purposely don't repair the properties and this gives them the excuse to sell them off.
I think building council housing is being replaced by housing associations and affordable housing schemes instead. In my local area it doesn't look like any new council housing has been built in years. I think the shift must be a money thing as the affordable housing schemes cover a lot less than social housing so can charge much more.
Hi Abi, thank you very much for this helpful video! Regarding the intermediate rent, where do we sign up for it? Is there an official website with all the criteria in detail and a sign up process to get started with? And if we apply for intermediate rent, are those specific, different appartments on the market?
@@AbiChow Looked into it, decided against. Marketed as benefits, I saw cons. You mostly rent, but YOU pay all the maintenance costs - that is just wrong. Moving up would be really hard. If prices rise, perhaps you get some of the rise (you take a loan on 40% of a property and prices rise 20%, you get 8 of that 20, but your target home costs 20% more). if prices fall, perhaps neg equity. Losing both ways. Experience of others has proven this. People feel trapped and can't afford to move. If you buy outright or rent, you become more mobile than with shared ownership. With renting, i save money on repairs, save 10s of £000s on downpayments - which i have been investing and gotten better returns than buying in the past 5 years. People say renting is losing money. They are wrong. I'd say overall, shared ownership only truly works in one circumstance. You simply cannot buy with a mortgage 100% of a property, are looking at raising a family (and feel security of tenure is especially important) , are certain the area is your home for more than 10 years (so do not need to be concerned with issues of prices I mention above),, get as big a home as poss (3-4 bed for expanding family), for as small a share as poss: only 30% share (the rent part is low cost, so make that good part of the deal as significant as poss). That way, you raise a family, stay in area you are comfortable with, at a price you have estimated you can pay, and at least have invested something in real estate. By buying a small share, you have more £££ left over to invest elsewhere (stocks, crypto return better than property anyway. But many just don't know this
Very helpful video specially that im so lost, i live in a room and i was thinking on share to buy, but now I've heard you say rent to buy.. any place that you recoment to look for this options ?
Hello sis I need help I came in UK is 2 months to need ma fiance, he was renting one room bcs I’m here to owner what as out buy end of this month. I’m looking we called those agency no respond. I need your help
Can a anyone immediately rent example like someone with limited residence permit?how do I find it and how long does it because I need by 3 weeks I life with my sister things are working out I’m 30 years and I need my own space
I'm not sure as some of them require a 3 year commitment or if they are some sort of rent to save/buy scheme it's unlikely because the chances of someone buying on a limited residence permit are slim. It will usually say on the listing what the requirements are so it's best to check each one.
Reits investment: 4-6% a year; stock market typical returns: 6-10% a year; gold: 3-5% a year; crypto about 100% a year average, saving cash 1-1.5% a year. Don't just save, invest!!!!! Only keep £5000 in a bank account for daily living plus an emergency expense
Does Rent to Buy check that you are saving the "saved" rent? And can you invest rather than save the funds? I mean, saving is useless as interest rates are 0.1%, and inflation far higher
Apparently they check in with you to make sure you're saving the agreed amount. Curious how they enforce it and what restrictions there are on where you can save it.
Hi Abi.. I want to rent privately and have seen some properties that are a fair rental price.However, i have two concerns. 1) I have nad credit and no guarantour 2) i am fearful that the landlord will sell or just decide that he wants the flat back and kicks me out It is not secure like Council/Housing associations - but they work on a waiting list system which can take years to get a property. I will appreciate if you can address these
1) Do you have a good amount of savings or a well paid job? That might help to show you can make the payments. If you really want the place you could suggest a higher deposit but legally they can't force you to pay a higher deposit than the amount set out by the government. 2) Sadly, that's the risk of renting privately and there isn't much you can do about it (other than asking for a longer tenancy). Hope you can get the place you want and that the list isn't too long 🤞🏾
You have to apply directly to the intermediate rent property you like. I have links in the description for the sites where they're listed (SharetoBuy & Homes for Londoners).
Please start talking on the video topic asap. Please don't beat around the bush. It is really irritating to hear the jargon before the actual important information. Kindly
Sorry but a council house should only be for those who are really in desperate need not someone who just fancies staying in London but can’t afford it, I had to leave London cos I could no longer afford it, so council homes should be for people who are in bad situations, far too many people take the piss out of the system and the rest of us mugs pick up the bill!
Oh please!! If people can't afford it don't they qualify??, almost everyone in London should qualify for council housing. Housing is a human right not a lucury
You've got such amazing energy I felt really engaged while you were talking i think you've got a natural talent for presenting!!!
This is a great video especially as not many people online talk about these options!
There really aren't a lot of people talking about it. When I was looking for a place I found it so hard to find info and that's half the reason I made this video 😂
Thank you so much for this, so helpful, every part. Please don't stop making these videos
Love your channel and thanks to you in one of your previous videos, I discovered intermediate rent/London living rent and hopefully should be moving in the next couple of weeks! Exciting, first flat on my own in London at my big age!
Tip to everyone just apply to everything you can afford. Good luck!
That's amazing, congratz! I'm so happy you looked into it. And I agree, if you apply for everything you can afford, the more likely you are to get a place somewhere.
Wow! What an amazing news!
Does it take long to hear back & get a place?
@@nostalgisity hi there! If you fit the criteria you can get through the process in a month or sometimes less
@@mazcat2048 wow! That is amazing.
Congrats on your news - I hope to get mine soon!
Thank you for sharing this information Abi! I just signed for a lovely intermediate rent flat! So grateful that you made this video. God bless you ❤️❤️❤️❤️ I agree with the comments about applying for everything you can afford. Also ask the housing associations within the areas you’re looking to rent what properties they have available 👌🏾
I currently live with my parents and looked at council housing in my area - the proof of address was 10 years! They really don't want people buying anything or having low rent unless you're from here which seems to be the case for most people I've seen in council houses here - many have previously lived with parents/grandparents. I would guess more people are pushed out than can get on the list. It's so unfortunate that so many, possibly even myself in the future, will have to move away from home just to live. Thank you so much for this video and your other videos too, they are so insightful!
Hi , thanks for your service. Am in a studio house in London, but now i want a two bedroom house outside London below £1000. Thanks again
Many councils have sold off their properties but haven't replaced them. A council estate not far from me was sold to a private investor for £1. The council I believe purposely don't repair the properties and this gives them the excuse to sell them off.
I think building council housing is being replaced by housing associations and affordable housing schemes instead. In my local area it doesn't look like any new council housing has been built in years. I think the shift must be a money thing as the affordable housing schemes cover a lot less than social housing so can charge much more.
P60 is the document showing your annual income, P45 is from when you leave a job, roughly said, at least that’s what I know.
Hi Abi, thank you very much for this helpful video! Regarding the intermediate rent, where do we sign up for it? Is there an official website with all the criteria in detail and a sign up process to get started with? And if we apply for intermediate rent, are those specific, different appartments on the market?
This was so helpful! Thank you. Liked!
Happy it helped!
I'll be moving to London next year in Manchester eish these videos can help
Happy it'll help, good luck on your move!
Awesome video but the borough of Barnet is actually ridiculous when it comes to housing . They basically just put you in touch with private landlords
Thanks!
You presented this so respectfully! Thank you!
Please what locations are best for council flats (new build) cheap aswell
Very informative video, thanks for sharing.
Glad it was helpful!
This is very very helpful. Thank you
So glad it was helpful :)
Where do we find Intermediate Rent properties?
This was far from concise... many points repeated so much it was tiring to listen to..esp re the council house sections...constructive feedback...
Thank you for this video!!
Happy to help!!
I'd say rent to buy, and then after three years, don't buy.
Shared Ownership is absolutely awful. No, no, no, no
Have you done shared ownership or tried to? Curious to hear your thoughts on it
@@AbiChow Looked into it, decided against. Marketed as benefits, I saw cons. You mostly rent, but YOU pay all the maintenance costs - that is just wrong. Moving up would be really hard. If prices rise, perhaps you get some of the rise (you take a loan on 40% of a property and prices rise 20%, you get 8 of that 20, but your target home costs 20% more). if prices fall, perhaps neg equity. Losing both ways. Experience of others has proven this. People feel trapped and can't afford to move. If you buy outright or rent, you become more mobile than with shared ownership.
With renting, i save money on repairs, save 10s of £000s on downpayments - which i have been investing and gotten better returns than buying in the past 5 years. People say renting is losing money. They are wrong.
I'd say overall, shared ownership only truly works in one circumstance. You simply cannot buy with a mortgage 100% of a property, are looking at raising a family (and feel security of tenure is especially important) , are certain the area is your home for more than 10 years (so do not need to be concerned with issues of prices I mention above),, get as big a home as poss (3-4 bed for expanding family), for as small a share as poss: only 30% share (the rent part is low cost, so make that good part of the deal as significant as poss).
That way, you raise a family, stay in area you are comfortable with, at a price you have estimated you can pay, and at least have invested something in real estate. By buying a small share, you have more £££ left over to invest elsewhere (stocks, crypto return better than property anyway. But many just don't know this
@@mango4ttwo635 this was really informative.
@@mango4ttwo635 thank you for educating me
You’re right it’s a scam
Hello, please I need help, I work in hermmersmith hospital. I need at list 1 bus ride to work , sheard room at 400-450 a month. So I can save
Thanks very much. What about ones at pension age. Lets say moving from Ireland to live in England. With low income. Thank you
Does it take long to hear back on properties from London Living Rent?
Very helpful video specially that im so lost, i live in a room and i was thinking on share to buy, but now I've heard you say rent to buy.. any place that you recoment to look for this options ?
I put links for the sites that list them in the description. Hopefully you can find a place!
Hello sis I need help
I came in UK is 2 months to need ma fiance, he was renting one room bcs I’m here to owner what as out buy end of this month. I’m looking we called those agency no respond. I need your help
I want to move can i get a place to rent in London
Can a anyone immediately rent example like someone with limited residence permit?how do I find it and how long does it because I need by 3 weeks I life with my sister things are working out I’m 30 years and I need my own space
I'm not sure as some of them require a 3 year commitment or if they are some sort of rent to save/buy scheme it's unlikely because the chances of someone buying on a limited residence permit are slim. It will usually say on the listing what the requirements are so it's best to check each one.
great information thank you
Glad it was helpful!
Reits investment: 4-6% a year; stock market typical returns: 6-10% a year; gold: 3-5% a year; crypto about 100% a year average, saving cash 1-1.5% a year.
Don't just save, invest!!!!! Only keep £5000 in a bank account for daily living plus an emergency expense
I love how you wear your hair natural ❤️
Thanks! 😄
Does Rent to Buy check that you are saving the "saved" rent? And can you invest rather than save the funds? I mean, saving is useless as interest rates are 0.1%, and inflation far higher
Apparently they check in with you to make sure you're saving the agreed amount. Curious how they enforce it and what restrictions there are on where you can save it.
Good morning how to connect you
Can full time students live in intermediate renting?
No
Hi Abi.. I want to rent privately and have seen some properties that are a fair rental price.However, i have two concerns.
1) I have nad credit and no guarantour
2) i am fearful that the landlord will sell or just decide that he wants the flat back and kicks me out
It is not secure like Council/Housing associations - but they work on a waiting list system which can take years to get a property. I will appreciate if you can address these
1) Do you have a good amount of savings or a well paid job? That might help to show you can make the payments. If you really want the place you could suggest a higher deposit but legally they can't force you to pay a higher deposit than the amount set out by the government.
2) Sadly, that's the risk of renting privately and there isn't much you can do about it (other than asking for a longer tenancy).
Hope you can get the place you want and that the list isn't too long 🤞🏾
✨🤟🏻
Hiii how do I apply for the intermediate rent
You have to apply directly to the intermediate rent property you like. I have links in the description for the sites where they're listed (SharetoBuy & Homes for Londoners).
@@AbiChow thank u soo much will definitely go from there
Please start talking on the video topic asap. Please don't beat around the bush. It is really irritating to hear the jargon before the actual important information.
Kindly
And that's why I have timestamps so you can get to where you need asap 😊
Sorry but a council house should only be for those who are really in desperate need not someone who just fancies staying in London but can’t afford it, I had to leave London cos I could no longer afford it, so council homes should be for people who are in bad situations, far too many people take the piss out of the system and the rest of us mugs pick up the bill!
Oh please!! If people can't afford it don't they qualify??, almost everyone in London should qualify for council housing. Housing is a human right not a lucury
this was not helpful.
Sorry to hear that, hope you find what you're looking for