Rent or Buy?

#rentorbuy #shouldIrentorbuy #rentingVSbuying

WATCH - 10 THINGS SCHOOLS DON'T TEACH YOU ABOUT MONEY
   • 10 THINGS SCHOOLS DON'T TEACH YOU ABO...  

It's one of the biggest financial decisions of your life. In this video I go over what you need to be thinking about - rent or buy?

TIMECODES

0:00 - Rent or Buy
1:10 - Is there a supply problem?
2:11 - What has driven the house price boom?
4:20 - Can you really compare?
6:30 - What you need to know - The costs of buying
7:09 - What you need to know - How a repayment mortgage works
7:56 - What you need to know - Government support schemes
8:43 - Final Thoughts

**IMPORTANT - AFTER RECORDING THERE WAS AN ANNOUNCEMENT TO THE CHANGES IN STAMP DUTY RULES - PLEASE SEE BELOW
https://www.gov.uk/stamp-duty-land-tax
STAMP DUTY CALCULATOR
https://www.which.co.uk/money/mortgag...

MORTGAGE CALCULATORS
https://monevator.com/mortgage-repaym...
https://www.moneysavingexpert.com/mor...

PAY OFF THE MORTGAGE OR INVEST?
https://monevator.com/pay-off-mortgag...

THE 5% RULE - RENTING VS BUYING
   • Renting vs. Buying a Home: The 5% Rule  

THE LIFETIME ISA
https://www.gov.uk/lifetime-isa
https://www.moneyadviceservice.org.uk...
https://www.which.co.uk/money/savings...

HELP TO BUY EQUITY LOAN
https://www.helptobuy.gov.uk/equity-l...
https://www.moneyadviceservice.org.uk...
https://www.which.co.uk/money/mortgag...

SUMMARY OF GOVERNMENT SUPPORT SCHEMES
https://www.moneyadviceservice.org.uk...

SOURCE DATA -

UK COLLABORATIVE CENTRE FOR HOUSING EVIDENCE
https://housingevidence.ac.uk/wp-cont...

Arguments for interest rates playing a big role in house pricing -
https://bankunderground.co.uk/2019/09...
https://www.bankofengland.co.uk/-/med...

Arguments against interest rates being the key factor
https://bankunderground.co.uk/2020/06...

IFS Publication
https://www.ifs.org.uk/publications/1...
House Price Data
https://www.economicshelp.org/blog/57...
Costs of Buying a Home
https://www.which.co.uk/money/mortgag...

Investment involves risks. The investment return and principal value of an investment may fluctuate so that an investor's portfolio, when redeemed, may be worth more or less than their original value. Past performance is no guarantee of future results.

The information provided in this presentation has been compiled from sources believed to be reliable and current, but accuracy should be placed in the context of the underlying assumptions.

All videos are being provided for informational purposes only and should not be considered to be investment or tax advice. No investment decisions should be made solely based on the information in any of these videos or blog posts.

The information is based on our current understanding of HM Revenue and Customs (HMRC) legislation and practice which is subject to change, and any changes may be retrospective.