00:00:00
so just like many of you when I first be
00:00:01
looking at the UK I honestly thought
00:00:03
buying a house as an immigrant was
00:00:05
impossible I thought you had to wait so
00:00:08
you get your permanent residency or you
00:00:09
get a British citizenship before you're
00:00:11
able to buy a house however I was wrong
00:00:13
yes so my husband and I just recently
00:00:16
bought this nearly built three-bedroom
00:00:18
house in Belfast and we are still
00:00:21
immigrants we don't have permanent
00:00:22
residency in the UK and we have been
00:00:25
able to buy this so it is very very much
00:00:27
possible okay so we got the keys just a
00:00:30
couple of days ago and I knew that
00:00:32
definitely people would want to know the
00:00:34
process so even when we were going
00:00:36
through the process I made sure that I
00:00:38
would document every single thing that
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happened so that when I'm done I'll be
00:00:42
able to share with my YouTube community
00:00:43
so today I'm here to give you the
00:00:45
step-by-step guide on how to buy a house
00:00:47
if you are an immigrant there are few
00:00:49
things that differ when you are not a
00:00:51
permanent residence in the UK or when
00:00:53
you're not a citizens in the uks I'll
00:00:55
you know make sure I highlight all those
00:00:56
things that you are aware before I even
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install let me say that it is very very
00:00:59
very much attainable okay to me buying a
00:01:04
house in the UK is much easier than
00:01:05
buying a house back home and you get to
00:01:07
know why very very soon so don't be
00:01:09
turned off when you see house prices on
00:01:11
the Internet or when you see house
00:01:12
prices on any app know that it's very
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very much attainable I have been here
00:01:16
I'm about four years now my husband has
00:01:18
been here almost two years and we did
00:01:20
this okay it's very very much possible
00:01:23
okay so if you're interested in knowing
00:01:25
the step-by-step guide on how to buy a
00:01:27
house especially for immigrants then
00:01:29
keep watching
00:01:31
so this video is probably sponsored by
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so you want to buy a house in the UK
00:02:25
that's a good idea okay that's a very
00:02:27
good idea so there are many ways of
00:02:29
buying a house in the UK there are so
00:02:31
many ways okay the easiest and the
00:02:33
fastest way is buying it outright like
00:02:36
paying cash outright okay so obviously
00:02:38
let's say you got some inheritance from
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your Rich father but in Africa or
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wherever and then you come to the UK you
00:02:45
want to buy a house you don't want to
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rent you go online you search online you
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find a house beautiful house let's say
00:02:51
it's 300 000 pounds and you have that
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money you can actually pay cash it
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doesn't matter whether you are not from
00:02:58
here or you are from here so far you
00:02:59
have the money it will give you the
00:03:01
house okay so far as you can pay
00:03:03
outright is the easiest and the fastest
00:03:05
way however not a lot of people can go
00:03:06
through this route okay so we have other
00:03:08
options we have like auction okay so
00:03:11
with auction what happens is that so you
00:03:13
put down a deposit okay so they'll show
00:03:15
a couple of houses usually these houses
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are much much cheaper sometimes they are
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like really like below market value
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because maybe they are old houses or
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they have some unusual negative
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something about them so people might not
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really like them so they sell them for
00:03:28
cheaper prices so maybe you agree and
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then the hammer Falls pack you've bought
00:03:31
the house okay so it's a much quicker
00:03:34
and a much faster way but usually it's
00:03:36
cheap houses and houses that are not
00:03:37
really in good condition and another
00:03:39
option is the shared ownership okay so
00:03:41
you can buy a house and then you only
00:03:43
own parts of the house okay so you only
00:03:46
have let's say you have 70 ownership of
00:03:48
the house and then the lender will have
00:03:50
let's say 50 ownership of the house okay
00:03:52
when you buy a house with a shared
00:03:54
ownership usually you don't need to
00:03:55
gather as much deposits you know and
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then later as the years go by you can
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gather money to buy the remaining 30 of
00:04:03
the house okay so people actually also
00:04:05
do that so that's another way you can
00:04:07
buy a house okay and then the most
00:04:09
popular the most common the one that my
00:04:10
husband and I did is mortgage okay so
00:04:13
this is how mortgage Works let's say
00:04:15
you've seen it how you like but you
00:04:17
don't have like the total amount because
00:04:18
it's expensive right but you can raise
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let's say a certain percentage okay
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let's so you can raise let's see five
00:04:24
percent of the cost of the house then
00:04:27
you get a lender like a bank to loan you
00:04:30
the remaining 95 okay so they give you
00:04:33
this money and then you buy the house
00:04:35
with the money okay and then you pay
00:04:37
this bank over a number of years usually
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25 years or 30 years sometimes even 35
00:04:42
years with interest okay so that's what
00:04:44
we did when you see most videos online
00:04:46
say we bought a house to buy a house
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usually like let me say maybe 90 of the
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time they only got percentage of the
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house and then they got the bank to
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support them with the rest so they are
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still paying the bank over the years
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okay so usually that's how it works so
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for our house for instance we bought it
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through mortgage our house was close to
00:05:05
200 000 ounce okay and we paid ten
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percent of the house so we got that
00:05:10
close to 20 000 pounds as deficits okay
00:05:13
and then we got a bank to give us the
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remaining 90 so the bank gave us the
00:05:18
remaining 90 and then we bought the
00:05:20
house with the money so over a span of
00:05:22
let's say 20 years or 25 years we'll be
00:05:25
paying the bank with interest okay so
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that's basically what mortgage is and
00:05:29
that's what we did or that's the most
00:05:31
common way to buy a house and that's
00:05:32
what I'll be talking about today okay
00:05:33
let's say you want to buy a house okay
00:05:35
you have to actually decide on the kind
00:05:38
of house you want to buy and the
00:05:40
research to know the prices and then
00:05:42
start saving towards your deposits okay
00:05:44
so let's say you're in London and then
00:05:46
you want to buy a house in London
00:05:48
because you love London you have to
00:05:49
check online on right move on zoopla in
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general anywhere to find like houses and
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then see how much you're likely to pay
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are you buying an old house are you
00:06:00
buying a new house are you buying a
00:06:01
townhouse are you buying a detached
00:06:03
house are you buying a semi detached
00:06:05
house what kind of house are you looking
00:06:06
for how many bedrooms are you looking
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for do you have to search the kind of
00:06:09
house that you want online and look at
00:06:12
their current prices okay then you start
00:06:14
saving towards your deposits so they say
00:06:16
that you can pay as little as five
00:06:18
percent as your mortgage deposit and
00:06:20
then you get the remaining 95 from a
00:06:21
bank okay however I think for most
00:06:24
immigrants most banks will ask you to
00:06:26
pay at least 10 percent I've heard of
00:06:28
some immigrants that were lucky and they
00:06:30
were able to only pay five percent I
00:06:32
don't think it's really common my
00:06:33
husband and I didn't even give us that
00:06:35
option of paying five percent it was
00:06:36
just at least 10 percent and that's what
00:06:38
we went for so have a look around search
00:06:40
online to see so let's stay with the
00:06:42
kind of house that you want is around
00:06:44
300 000 pounds so you have to now start
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saving at least thirty thousand pounds
00:06:49
for your mortgage deficit okay so have a
00:06:51
look around see the kind of the prices
00:06:54
okay and then what you think choose your
00:06:57
family size and everything and then
00:06:59
decide and then start saving towards at
00:07:01
least 10 percent of that cost so the
00:07:04
second thing you want to do is to go see
00:07:06
a mortgage advisor so you can actually
00:07:07
see a Muslims advisor even before you
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are done saving your deposit or as you
00:07:12
are still saving your deposits or after
00:07:14
you save your deposits so what we did is
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we went to see about this advisor after
00:07:18
we had another person we wanted them to
00:07:21
see that we were serious we already have
00:07:22
our deposit business advice says ideally
00:07:24
are not supposed to charge when there's
00:07:26
a deal when you finally buy your house
00:07:28
they will get paid by the bank okay so
00:07:30
the bank will give them something
00:07:31
however for our motive advisor he
00:07:33
charged us I was very much aware he was
00:07:35
going to charge us because I knew a
00:07:36
couple who are also immigrants that he
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helped and I was ready to go with him
00:07:40
because he is used to assisting somebody
00:07:43
who's not from here I thought that he
00:07:44
would be more knowledgeable on the
00:07:46
process you know for immigrants so I
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decided to go with him and we did pay
00:07:49
him something small this package comes
00:07:51
with other little things okay he went a
00:07:53
bit extra so we paid something more we
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booked this appointment with a mortgage
00:07:57
advisor he would definitely ask you to
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submit let's say six months of your
00:08:01
payslips submit your bank statement six
00:08:04
months bank statement submit your
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passport your biometric residence
00:08:08
permits let's say your p45 or your pay
00:08:10
60 or whatever if you are somebody that
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has only agency work maybe you might
00:08:14
need to submit more pay slips than just
00:08:16
six payslips okay and if you have
00:08:18
somebody who is self-employed let's say
00:08:20
you're a baba or your hairdresser they
00:08:22
may need you to prove a bit more than
00:08:24
the usual workout you see what this
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mortgage advisor is going to do is that
00:08:29
they are going to actually check your
00:08:31
credit score they'll ask you if you have
00:08:33
any debts that you have not paid yet so
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to ask you all these things and then
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they will run a soft credit check so
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when I say a credit check that means it
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will not impact your credit score
00:08:42
negatively okay to run a soft credit
00:08:45
check one that best mimics the same one
00:08:47
that the bank is probably going to use
00:08:49
okay because there are so many ways to
00:08:51
check your credit score I don't know
00:08:52
which one is actually the correct one so
00:08:54
they have a way of checking to see your
00:08:56
actual credit score when they check your
00:08:58
credit score they'll be able to tell you
00:08:59
how much they think the bank can loan
00:09:02
you this is going to be different for
00:09:03
everybody and then they also let you
00:09:05
know all your options let's say this
00:09:07
bank will offer you this this bank will
00:09:09
offer you that this bank will offer you
00:09:11
this so that you'll be able to choose
00:09:13
which bank to go with okay I will always
00:09:15
advise that you go with an independent
00:09:18
mortgage advisor okay some banks have
00:09:20
their own mortgage advisor so let's say
00:09:22
faculty has their own Muslims advisor
00:09:24
HSBC has an almost good advisor so you
00:09:26
can go and see these people and then
00:09:28
they will help you through the process
00:09:30
of buying a house however the reason why
00:09:32
I prefer that you go with an independent
00:09:35
Muslim advisor is that let's say you go
00:09:37
with bank A's mortgage advisor when you
00:09:40
go they are only going to tell you the
00:09:42
offer that they have for you okay
00:09:44
they're not actually going to tell you
00:09:45
what bank B also has to offer at what
00:09:47
bank C also has to offer but probably
00:09:50
Bank seats offer is the best okay but
00:09:53
obviously they are competitors they're
00:09:54
not going to tell you what Banksy has to
00:09:56
offer so they only tell you what they
00:09:57
have to offer and make it look like it's
00:09:59
the best and you might go with that but
00:10:01
maybe bouncy actually has a low interest
00:10:03
rate or whatever so you are better of
00:10:06
going with bank C so it's ideally it's
00:10:08
best that you go with an independent
00:10:10
mortgage advisor okay so this person is
00:10:13
not going to be biased they're going to
00:10:14
lay out all your options for you what
00:10:17
this bank has to offer what that bank
00:10:18
has to offer there were some banks that
00:10:20
were asking us to pay 15 because we are
00:10:22
no permanent residents in the UK so
00:10:24
there were some banks that were asking
00:10:26
for way too much that we do not have so
00:10:27
we ended up going with Barclays when we
00:10:30
checked Barclays was the one that had
00:10:31
the best offer and you don't have to be
00:10:33
sitting here with that particular Bank
00:10:35
okay however for us we already saved my
00:10:37
backlist so another thing that you'd
00:10:38
like to discuss with your mother's
00:10:40
advisor is whether you are doing a
00:10:41
joints mortgage okay so like a joint
00:10:43
Sports gauge is when let's say you and
00:10:45
your partner come together to buy a
00:10:47
house and then you have shared ownership
00:10:49
okay it doesn't necessarily have to be
00:10:50
your partner it can be you and a
00:10:52
relative as well you can have shared
00:10:53
ownership so the good thing about this
00:10:55
is that we both are going to raise the
00:10:57
deposits right so it's going to be much
00:10:58
easier so let's say us right they're
00:11:00
buying a house that's close to 200 000
00:11:02
pounds and then we say we're paying 10
00:11:04
percent so that means we have to print
00:11:05
20 000 right so two people one person
00:11:08
releases ten thousand the other person
00:11:09
raises ten thousand that would be much
00:11:11
easier to raise for two people than for
00:11:13
one person another good thing is when
00:11:15
you're doing a joint mode gauge right
00:11:17
that means the bank is going to consider
00:11:19
the incomes of both of you to see if you
00:11:22
can pay for the it has okay so usually
00:11:24
what they say is that the amounts the
00:11:26
bank gives you is usually 4.5 times your
00:11:28
annual income so let's say you're a
00:11:30
nurse and then you make a year 30 000
00:11:33
pounds okay so 30 000 times 4.5 is 135
00:11:37
000 okay so this is likely how much the
00:11:40
bank can loan you so if let's say you're
00:11:42
buying a house that is let's say 500 000
00:11:46
pounds and then you only have 10 which
00:11:48
is 50 000 pounds and the bank says they
00:11:51
can only loan you this based on how much
00:11:53
you earn that means you can't afford
00:11:55
such a house okay so you have to look
00:11:57
for something a bit cheaper these are
00:11:59
some of the things that the mostly
00:12:00
advisor would explain to you and help
00:12:01
you know how much bank is likely to loan
00:12:04
you so that you can know the kind of
00:12:06
houses that you should be looking at
00:12:07
based on the price Okay and like I said
00:12:09
this is going to differ from everybody
00:12:10
because I know somebody that earns more
00:12:12
than we do write to myself and my
00:12:15
husband that earns more than we do
00:12:16
however when this person went to get
00:12:18
check done the bank was only willing to
00:12:20
loan this person let's say 60 000 pounds
00:12:23
because this person has a large family
00:12:24
size the bank looks at not only your
00:12:27
income and you look at your credit score
00:12:29
they look at your spending habits okay
00:12:31
so please get your finances in check
00:12:34
okay they want to see that you are
00:12:36
somebody that can pay you have good
00:12:38
Financial like habits you have your
00:12:40
finances in order and then you can pay
00:12:42
them they want to see this before they
00:12:44
give you this okay so it would differ
00:12:46
from various people however like I said
00:12:48
if you have a joint mortgage let's say
00:12:49
your partner is also bringing home 30
00:12:52
000 pounds at the end of the year so
00:12:54
that means the two of you you are
00:12:55
bringing home sixty thousand pounds at
00:12:58
the end of the year so now it's going to
00:13:00
be 60 000 pounds times 4.5 and that is
00:13:03
270 000 that means a bank May based on
00:13:07
your other things like your credit score
00:13:09
and other things may be able to loan you
00:13:11
as much as 270 000 so you can start
00:13:14
looking for houses around that surprise
00:13:16
range you understand so having a joints
00:13:19
mortgage really helps okay it helps you
00:13:21
get a better
00:13:23
offer so after you've gone to see mostly
00:13:27
advisor who has explained all these
00:13:28
things to you and the third stage is you
00:13:30
start viewing okay so you start looking
00:13:33
for houses do not rush the stage take
00:13:36
your time and look around see the
00:13:38
properties that we saw we had rushed to
00:13:40
buy you know the purpose that we saw
00:13:42
earlier after we are seeing this maybe
00:13:43
we would have gotten depressed because
00:13:45
we saw houses that were much much
00:13:48
smaller than this one but more expensive
00:13:50
and we thought they were good then I'm
00:13:52
like no way let's hold on and see there
00:13:54
were some household students were good
00:13:55
but the location was bad I remember
00:13:57
there was this house that when we're
00:13:58
going for the viewing we got lost like
00:14:00
three times so that means the journey
00:14:01
became like three times longer and guess
00:14:03
what was in the front of the house a
00:14:05
cemetery yes an African woman you want
00:14:07
me to go and live opposite the cemetery
00:14:09
will my life be the same ever again
00:14:12
opposite as Cemetery we saw so many
00:14:15
houses built online and in person so
00:14:18
when we finally saw this one we knew
00:14:21
this was it okay we knew this was it
00:14:23
because to us it was much bigger the
00:14:25
location was so good and then the price
00:14:27
was way cheaper compared to some of the
00:14:29
other ones that we had seen because I
00:14:31
remember we saw some houses that was
00:14:33
three bedrooms but only one bathroom yet
00:14:35
the price was the same as this one okay
00:14:37
so take your time and go through as much
00:14:40
as you can do not rush the stage until
00:14:42
you finally see what she liked what some
00:14:45
people also do is that they register
00:14:46
with estate agent so let's say you check
00:14:49
online for estate agents near you and
00:14:52
then you just register with them you
00:14:53
tell them that oh you're looking to buy
00:14:55
a house we want a three-bedroom house
00:14:57
you want two bathrooms you want a big
00:14:59
Garden blah blah blah so they'll put
00:15:00
your name down they'll put all these
00:15:02
details down when the house comes up
00:15:04
that meets this description they'll call
00:15:06
you to come for viewing so you can do
00:15:08
that as well however we didn't do that
00:15:09
yeah but you can do that as well so
00:15:11
let's say you've done the viewings and
00:15:13
then you finally see in the house that
00:15:15
you like okay now what you're going to
00:15:17
do is you're going to make an offer so
00:15:19
once you see the house that you like
00:15:21
definitely there's going to be like a
00:15:23
price I'm asking price that's what they
00:15:25
call it an asking price so let's say the
00:15:27
asking price is 200 000 pounds okay so
00:15:31
you make an offer you can call them and
00:15:33
say well I've seen the house I like it
00:15:35
and I would like to make an offer and my
00:15:36
offer is 190 000 okay so sometimes
00:15:40
people can go 10 000 below 15 000 below
00:15:43
or five thousand below and then you will
00:15:46
see if the estate agent who accepts that
00:15:48
offer for us we didn't even try because
00:15:50
we knew that this place was hot cake if
00:15:52
we messed up we'll lose it please it was
00:15:53
too good a deal to request for a
00:15:55
discount so we just went ahead we saw it
00:15:57
and we told them we like it we we like
00:15:59
it at the price we are selling it if
00:16:01
it's something that it should be a bit
00:16:03
cheaper you can make an offer maybe five
00:16:05
thousand below the asking price ten
00:16:07
thousand or fifteen thousand below and
00:16:08
maybe you can be lucky people actually
00:16:10
like you okay at this point as well if
00:16:12
you're buying like an old house you'd
00:16:14
like to do a survey okay you can
00:16:16
actually pay somebody like an
00:16:18
independent surveyor to go around the
00:16:19
house to check if the house is actually
00:16:21
worth us how much is being sold for yeah
00:16:24
but usually if it's a new house you
00:16:26
don't need to do all those things okay
00:16:28
sometimes they will finish with the
00:16:29
survey and they'll come and tell you
00:16:30
that no there are cracks on the wall or
00:16:32
this house is all in good shape so you
00:16:34
should pay something lower or it's not
00:16:35
worth the price that's being sold for so
00:16:37
you should pay something lower so yeah
00:16:39
he get that done as well so we made an
00:16:42
offer the same amounts that they were
00:16:44
asking so once you make an offer then
00:16:46
you inform your mortgage advisor once it
00:16:48
has an email can offer the estate agent
00:16:50
they would like to know how serious you
00:16:51
are so they will ask for an agreement in
00:16:54
principle okay so what an agreement in
00:16:56
principle is is it's just a document
00:16:58
from the lender or the bank that I'll be
00:17:00
loaning you the money stating that this
00:17:02
is the amount of money that we are
00:17:04
likely to learn to this person so yeah
00:17:05
so the expectation to know that okay A
00:17:08
Bank let's say Barclays is saying oh
00:17:09
they are willing to loan you as much as
00:17:11
or you can borrow as much as 90 000 from
00:17:14
them then the estate agent will take you
00:17:16
serious okay so they asked for arguments
00:17:18
in principle we told our mortgage advice
00:17:20
how much advice I got that for us then
00:17:22
and confirmed that oh yes these people
00:17:24
can actually pay for the house and what
00:17:26
I love about this place is that they are
00:17:28
very transparent in their dealings okay
00:17:29
there's no secret dealings between the
00:17:32
estate agents and the mosgate advisor or
00:17:34
anything like that every communication
00:17:35
they copy you in in the email they copy
00:17:37
myself if you copy my husband in so we
00:17:39
could see how how they were discussing
00:17:41
we could see everything that they were
00:17:43
discussing it was really transparent and
00:17:44
very smooth if you want my most days
00:17:46
advisor send me a deal on Instagram okay
00:17:48
so once they get your agreements in
00:17:50
principle sometimes like us they asked
00:17:52
us to pay
00:17:54
um holding their process okay so we're
00:17:55
holding their process they asked us to
00:17:57
pay thousand pounds and this thousand
00:17:58
pounds was not refundable so that means
00:18:00
that if we later decide that we're not
00:18:02
going to buy the house we'll lose the
00:18:03
house however five thousand pounds was
00:18:05
also towards the total cost of our house
00:18:07
so that means when it gets to the time
00:18:10
that we are paying for the house the
00:18:11
only that's a thousand pounds for what
00:18:13
we were supposed to pay you understand
00:18:14
so we paid a thousand pounds holding
00:18:17
deposits that means now they also can't
00:18:19
give the house to anybody so it was
00:18:20
after we paid the holding deposit the
00:18:22
actors come and choose that kind of
00:18:23
tiles we like the color of the cabinets
00:18:26
and everything that we like the estate
00:18:27
agents will also ask for a few documents
00:18:29
and they also asked me to sign a few
00:18:31
documents obviously your passport your
00:18:33
ID or what what yeah so now your monskin
00:18:36
advisor will officially or formally
00:18:39
apply for mortgage for you okay it will
00:18:41
start the whole mosquito application
00:18:42
process so now the bank will do a
00:18:45
thorough thorough thorough check on you
00:18:47
they will approve your mortgage or and
00:18:49
that's the one of the most exciting
00:18:51
parts of the whole process so they give
00:18:53
you a mortgage approval okay so that
00:18:55
means the bank has now officially stated
00:18:58
okay that's they're going to loan you
00:19:00
this particular amount by this
00:19:02
particular house so it's very exciting
00:19:04
when you get that letter or when your
00:19:06
model advisor calls you to tell you that
00:19:08
it's very very exciting so once that is
00:19:10
done you now have to get to a solicitor
00:19:12
okay your estate agent will as soon as
00:19:15
you make an offer and they accept the
00:19:17
offer they are going to ask for your
00:19:19
solicitors details okay so let me say
00:19:21
that how I was buying process is
00:19:23
actually between your solicitor that's
00:19:26
your legal representative and the legal
00:19:28
representative of the seller okay they
00:19:30
are the main parties involved okay so
00:19:33
everything is between the two of them so
00:19:35
your solicitor is responsible for making
00:19:37
sure that the legal aspects of
00:19:39
everything is done right so you have to
00:19:41
make sure that the person's selling you
00:19:42
the house actually owns the house that
00:19:44
they are selling you have to make sure
00:19:45
that all the documents are genuine and
00:19:47
legit you have to make sure that it's
00:19:48
safe and everything like you have to
00:19:50
make sure that everything is on point on
00:19:51
your behalf that's why you're paying
00:19:53
them to do that we paid our solicit I
00:19:55
think around a thousand and I think they
00:19:56
were the cheapest in Northern Ireland
00:19:58
they were the most affordable you know
00:20:00
in Ireland so if you're in other parts
00:20:01
you should expect to pay a bit higher
00:20:03
than that so the semester also sit down
00:20:04
with you and explain a lot of things to
00:20:06
you okay so maybe you're responsible for
00:20:09
cleaning this part of the house
00:20:10
especially if you maybe you share a war
00:20:13
with somebody or something like that to
00:20:14
explain all those things to you also to
00:20:16
make sure that everything is right okay
00:20:18
so if you sign a few contracts
00:20:20
solicitors are very very slow very very
00:20:22
you might be angry with them honestly
00:20:24
the worst thing is our solicitor has the
00:20:26
same with my husband's ex-girlfriend
00:20:28
that was even worse anyway so now that
00:20:31
will be what we call exchange of
00:20:32
contracts okay so you sign say hello
00:20:35
documents
00:20:37
um your solicitor will also sign a hold
00:20:38
of documents the seller solicitor will
00:20:41
give you some documents to sign okay and
00:20:44
it will be given to you through your
00:20:46
solicitor your solicitor will go through
00:20:48
to check that everything is legit
00:20:49
explain to you before you append your
00:20:51
signature and then after everything
00:20:53
that's the exchange of contracts after
00:20:55
everything then you have to make
00:20:57
payments okay so you now pay the 10 or
00:21:00
the whatever percent that you were
00:21:01
willing to pay so you pay this to your
00:21:03
solicitor you pay this to your solicitor
00:21:05
and then your solicitor will also take
00:21:08
the remaining percentage or the loan
00:21:10
from the bank and then your solicitor
00:21:12
will arrange for a day to send this
00:21:14
money to the seller solicitor okay so
00:21:17
the exchange of money is between the
00:21:19
solicitors as well so you send your
00:21:21
money there solicitor and the bank will
00:21:22
also send the remaining parts of the
00:21:23
money to the solicitor solicitor will
00:21:25
gather this money and then pay the
00:21:27
seller solicitor Okay so
00:21:30
account so that's the exchange of
00:21:32
contracts and the payments okay and then
00:21:34
there's the completion date so the
00:21:36
completion date is the date that the
00:21:38
seller so let's start confirm that you
00:21:40
receive the money and then you arrange
00:21:41
that you can go and get the keys okay
00:21:43
that's the most exciting part of the
00:21:45
whole process so you go and get your
00:21:47
keys if I'm moving to the house like the
00:21:49
same day then pay the solicitor after
00:21:51
hours okay so yeah basically that's it
00:21:53
okay the only special thing with regards
00:21:56
to being an immigrant is the initial
00:21:58
stage you have to go and see a Muslim
00:22:00
advisor that understands our situation
00:22:02
some people they don't understand tier
00:22:04
two Visa or tier what visa you are still
00:22:07
here you know they don't understand
00:22:08
those things so you have to get somebody
00:22:09
that actually understands and then you
00:22:11
know knows how this thing works so many
00:22:13
people on visas have bought houses these
00:22:15
days the banks are aware okay and
00:22:17
there's a special must gauge advisor or
00:22:20
mortgage brokerage company that is the
00:22:23
best for healthcare workers and it
00:22:25
doesn't matter where you are they can
00:22:26
assist you I'll share them in another
00:22:28
video and they're so many other hidden
00:22:30
costs to be aware of when you're buying
00:22:32
a house so many things that we realized
00:22:34
I wrote all these things down and I'll
00:22:35
share them with you in another video so
00:22:37
just make sure that you click on the
00:22:39
notification Bell and like this video If
00:22:42
you go any value you like the video I'll
00:22:43
come back to share these hidden codes
00:22:45
that are involved when you're buying a
00:22:47
house to you and yeah so hit the
00:22:49
notifications when I drop that video
00:22:50
you'll be able to watch okay so
00:22:51
basically this is all this is the entire
00:22:53
process you don't necessarily have to
00:22:55
have hundred percent of the money just
00:22:56
get at least 10 percent okay also know
00:22:59
that the higher the percentage you get
00:23:01
the better the deal for you okay or the
00:23:04
better the interest rates okay so let's
00:23:06
say you've got only five percent and I
00:23:09
also got ten percent okay at the end of
00:23:10
the day I will get a better or lower
00:23:12
interest rate compared to you you
00:23:14
understand so the more money you have as
00:23:16
deposits the Lesser you pay as interest
00:23:18
okay so put that in mind okay so start
00:23:21
searching for houses now such looking
00:23:23
online start looking on zoopla or right
00:23:25
move for a house or property pal or a
00:23:28
house okay and yeah so thank you so much
00:23:30
for watching bye
