Lumber
Winger
He must of misunderstood it, he paid it off when it was up as had been saving for the 5yrs, then moved to somewhere bigger like l, so it worked for himNah, that would be completely unfair. It's 20%
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
He must of misunderstood it, he paid it off when it was up as had been saving for the 5yrs, then moved to somewhere bigger like l, so it worked for himNah, that would be completely unfair. It's 20%
I dont think that's the case mate, my cousin done and said if it went up he'd owe more but if it went down he'd still owe the 20% borrowed
Karbon homes do Rent to Buy.
You rent the gaff for 5 years, then the amount of rent you paid comes off the original house price and you mortgage the difference.
Mate has it, it was the only way of them getting somewhere.
![]()
Rent to Buy | Karbon Homes
www.karbonhomes.co.uk
My son looking at that option. The reviews of Karbon as a landlord are absolutely shocking like. I want him to properly read the paperwork before commiting to anything. You can't visit a showhome until credit checks passed . The company seems to be a combination of loads of Housing AssociationsKarbon homes do Rent to Buy.
You rent the gaff for 5 years, then the amount of rent you paid comes off the original house price and you mortgage the difference.
Mate has it, it was the only way of them getting somewhere.
![]()
Rent to Buy | Karbon Homes
www.karbonhomes.co.uk
My son looking at that option. The reviews of Karbon as a landlord are absolutely shocking like. I want him to properly read the paperwork before commiting to anything. You can't visit a showhome until credit checks passed . The company seems to be a combination of loads of Housing Associations
Yep, I would rather he rented for a bit to try and save up before commiting to something like that. I am hard nosed with money and assume the worst as in if something appears to good to be true it is. I want him to consider the details of how to get out of the contract if he lost his job or something in that five year period.This is my worry with the whole thing. Young people getting themselves signed up to things that only one side of the deal actually understands
If you can wait 12 months to start buying put 4k into a lifetime isa then the same in April and the government will add £2k. This must then be used to buy a first property or towards retirement
Yep, I would rather he rented for a bit to try and save up before commiting to something like that. I am hard nosed with money and assume the worst as in if something appears to good to be true it is. I want him to consider the details of how to get out of the contract if he lost his job or something in that five year period.
Have a look at Lifetime ISAs if you haven’t already.anyone got any recent experience of young adults buying their first property?
trying to scrape through with a relatively cheap first house and a minimum deposit.
i was just reading about the help to buy scheme where they can lend an extra 20% of the house price for 5 years interest free, but it says it ends at the end of March.
anyone got any advice?
Just thought, a caveat of this is the account must be open a year before using the bonus for the purpose. Best thing any 18 year old can do is get one open with a quid at 18.Have a look at Lifetime ISAs if you haven’t already.
Depending on money available right now, a couple could make £4k between them over the next few months with the tax year end approaching
Have a look at Lifetime ISAs if you haven’t already.
Depending on money available right now, a couple could make £4k between them over the next few months with the tax year end approaching
Just thought, a caveat of this is the account must be open a year before using the bonus for the purpose. Best thing any 18 year old can do is get one open with a quid at 18.
Do it anyway with a quid. If it drags on at worst you can swipe £2k.Ah right, might do it anyway. I think they are looking to buy somewhere this year . But they are right at the beginning of the process
Do it anyway with a quid. If it drags on at worst you can swipe £2k.
I agree, there will be him and his partner so between them they plan to save as much as they can but they also want to get their own place. It is trickyI'd find it absolutely impossible as a young person to both rent and save up at the same time, unless you were earning over £35k per year.
I'm torn, as I don't agree that young adults should have no life, no luxuries, no nights out or fun in the pursuit of saving a deposit. It's a tricky one
I agree, there will be him and his partner so between them they plan to save as much as they can but they also want to get their own place. It is tricky
I always had you down as in your 40s![]()
Not sure if that's a compliment.hahaha
Aye. The solicitor will have to verify with the bank that the funds are being withdrawn for the account holder’s first house purchase. Otherwise you’ll loose the bonus.Does it have to be in the name of the person that wants to buy the house ?
It's not for me see. And I already have an investment ISA thingy
Aye. The solicitor will have to verify with the bank that the funds are being withdrawn for the account holder’s first house purchase. Otherwise you’ll loose the bonus.
You can technically have one for yourself too. Two withdrawal methods are first house purchase or post 60 (without loosing the bonus). It’s a different type of isa to your s&s, but combined they all count towards your £20k allowance.
Only really beneficial for the 60yr old thing if you’ve already used up your pension allowances like, which is a hefty sum using carry forwards allowances & stuff.
Aye, piece of piss. You’ll need their NI no like. I’d just use MoneyBoxAre they easy to set up like ? I'll do it online if I can under the bairns name