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)
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 …
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.
Hello Chidera Thank you this details video Pls i learnt if you buy a house using Lifetime ISa, that when you want to sell it you would share the money with the Government Pls how true is it
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?
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
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
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.
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?
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?
I already mentioned this in our video on how we bought our first house. ruclips.net/video/nMh7e_f05GQ/видео.htmlsi=ZlzVVmGvh6yqjQJK But a good website is newhomesforsale.co.uk
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
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
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?❤
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
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.
@@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.
First here❤🎉
Loving this series
As always! Thanks for showing up ♥️♥️♥️
Sis do you still do paid coaching/1:1 sessions?
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 😅
@@ChideraPeters
In Academia
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)
Hi, please new build developer did you use?
Hi, We used Gleeson Homes.
@@emakimberly6541 thanks for sharing. I'm really contemplating between an old and new build. The reviews can be something else.
Congratulations again, Chidera. We got a show home which already had some upgrades like flooring, stairs was done, blinds done, garden almost done etc
How do you buy a show home? Was it advertised? Please i will like to know more if you can tell. Thank you😊
Amazing! Love that for you. Congratulations 🥳
Nice video👍…..thanks for sharing. Can you please do a video on how to go about the Monzo High interest savings.
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 …
Oh that sucks, sorry about that
Very informative video. Thanks chidera
Thank you for the video. But how about someone who is 50. What account can be open to finance a house
The developers 5% is the boom indeed. Lucky you indeed
Great video! Well detailed, thank you!
Very helpful, Chidera. Thank you for sharing.
Pls can do a video on freehold property and lease property which is better
You are blessed sis, very detailed information
Glad you found it helpful
Hi Chidera, thank you for the breakdown and congratulations on your new house. Can I put more than 4,000 in the lifetime ISA
No, maximum 4000 every tax year
Do I need to put in £4,000 every tax year?
Or the initial 4k will accrue interest the following year
Thanks for sharing Chidera 💛
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.
That’s correct, you will get 2k. Don’t fear it works
But how long will I keep the entire money before I can use it? 1 year or 2years?
Which app is this please
@gratefulmuah6480 your LISA should be at least a year old to be available to use to buy a property
so what are the options of free money for over 40s, apart from LISA account. thanks
Very informative video 🫶🏾..thank you for sharing these important tips!
You are welcome 🤗
Thanks for sharing Chidera❤️
Hello Chidera
Thank you this details video
Pls i learnt if you buy a house using Lifetime ISa, that when you want to sell it you would share the money with the Government
Pls how true is it
Oh this is NOT true at all
I was looking forward to this post. I've commented before watching ..lol
Hope you enjoyed it!
@@ChideraPeters oh yes, I did as usual.
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?
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
Wow, 20, 000 Free never heard of this much free towards house let me listen up
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
Thanks chidera
Who was your developer if u don't mind sharing. And which bank did u open your lifetime Isa. Thank u
Hi Chidera…
The high rate savings account can a non uk resident open the account?
This vid is informative. Well done Chidera and congratulations on your new home. I am the next.😁
Amen to that!
How long does buying in general takes, please?
Do you have to pay 4000 per year to get 1000? Or is it just one year that you need to save on the LISA account?
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.
Oh they aren’t slow. It took about a day or so
Thank you, Chidera. What developer did you use please?
Barrats Homes
Thanks for sharing this Idea
@Chimera peter, please what's the line to open an ISA account....
Hi Childera, can the 4k I put this year serves for the next tax year?
Hi Chidera, thank you for this video! Please would you mind sharing the name of your developer?
Sure, it’s Barrats Homes
Thanks Chidera for this well detailed info. Please I want to know the maximum amount to save in the ISA account
It’s 4k a year and you get 1k in April.
You get 1k for every 4k you save in a year.
If they plan is to buy in 4 years is it still wise to use money box?
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?
No you'll be able to keep depositing money in it
As long as you open before 40, you’ll be able to continue paying into it yearly
Thanks for sharing
You’re welcome ♥️
What if you are above fourty years but a first buyer can you attempt opening an ISA account.
Thanks for sharing chidera
You’re welcome
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?
@ijalovesluxury 25% on any amount up to a maximum of 4k. E.g 1k = £250, 2k = £500
Hi 👋🏾 it’s 25% bonus on any amount. So if you have just £500 in it, you’ll get 25% which will be £125
Can someone above 40 safe for house on moneybox?
Great tips! Thank you
You are so welcome!
Thanks Chidera. Can you share how to see the developers site/
I already mentioned this in our video on how we bought our first house. ruclips.net/video/nMh7e_f05GQ/видео.htmlsi=ZlzVVmGvh6yqjQJK
But a good website is newhomesforsale.co.uk
Can a student open moneybox ISA account?
Hi, please what credit card did you use ?
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
Hi 👋🏾 yes her ISA can be used. As long as she’s a first time house buyer.
@@ChideraPeters thanks
Please is the ISA bonus a public fund?
No
No it isn’t public funds
On gov dot UK, there is a list of what public funds comprises of, LISA is not public funds, benefits are
Your a blessing thank you
So what options do 40 and above have please?
I wonder ooo
Pls what is the name of ur developer
Can’t it be for a second home?
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.
Great video ❤
Very helpful as always!
For the lifetime ISA, can one exceed £4000 ?
No
nice video, are you a nurse Chidera
No I’m not 😅
Your colour today is bright..
lol it’s the light I used 😭😂
Nice
God bless you Chidera
Wow...congratulations... This developers 5% addition to your initial deposit, is it a loan you have to pay back or its free???
It’s 100% FREE, not a loan. We don’t have to pay it back
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.
@@Djogentertainment that's nice....thanks a lot... il keep this in mind
Hello friend ❤
How did you enrolled to electoral when your not permanent or ILR yet?
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
As a commonwealth country,you're eligible to vote if resident in the uk
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?❤
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
4k max per tax year
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
@ChideraPeters Hi, pls can you give an example of high interest savings account. Thank you
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.
The LISA can also be used to save towards retirement
Yes I mentioned that in the video. You can leave it towards pension
Love you hair
Thank you!
Does this mean that if I put in £4000 this year, I can put in another £4000 next year?
Yes you can. As long as it’s another tax year. The tax year resets every April
Please wat if I don't have up to 4000 for the following year after putting in the the first 4000
❤❤
Saving with Monzo is risky.
Really, pls explain more if you don't mind
Please explain
Don't spread what you don't know, Monzo is protected by FCFS hence all deposit is protected
@@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.
I just opened one with moneybox Lisa wish I new about this few years ago I am 32 years old now wish I did it when I was 29/30
Thanks for sharing
Thanks for sharing
Thank you for sharing