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Buying (with a mortgage) Burns Money Faster Than Renting. Prove me wrong.

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Manage episode 478679085 series 3433114
Content provided by Charlie Lamdin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Charlie Lamdin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Watch this on video here: https://youtube.com/live/JiPQSMi9W1o

Buying a home with a mortgage means you end up paying roughly double what you borrowed, on top of your deposit. Then inflation, maintenance and service charges need to be considered.
The value of your home needs to roughly quadruple over the 30 year term of the mortgage to make it a worthwhile investment.
I'm not trying to put anyone off buying a home with a mortgage, it's a great thing to do. I'm trying to bust the myth that it's also good financial decision to stop people overpaying.
Renting can be safer. Sometimes.
https://x.com/moving_charlie/status/1915079368663245033

Support the show

Follow me on X for daily updates: https://x.com/moving_charlie
Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancing
Check out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home.
If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgage
All my other links: https://linktr.ee/movinghomewithcharlie
For my estate agency podcasts, visit https://linktr.ee/bestagent
If you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents

  continue reading

406 episodes

Artwork
iconShare
 
Manage episode 478679085 series 3433114
Content provided by Charlie Lamdin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Charlie Lamdin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Watch this on video here: https://youtube.com/live/JiPQSMi9W1o

Buying a home with a mortgage means you end up paying roughly double what you borrowed, on top of your deposit. Then inflation, maintenance and service charges need to be considered.
The value of your home needs to roughly quadruple over the 30 year term of the mortgage to make it a worthwhile investment.
I'm not trying to put anyone off buying a home with a mortgage, it's a great thing to do. I'm trying to bust the myth that it's also good financial decision to stop people overpaying.
Renting can be safer. Sometimes.
https://x.com/moving_charlie/status/1915079368663245033

Support the show

Follow me on X for daily updates: https://x.com/moving_charlie
Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancing
Check out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home.
If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgage
All my other links: https://linktr.ee/movinghomewithcharlie
For my estate agency podcasts, visit https://linktr.ee/bestagent
If you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents

  continue reading

406 episodes

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