Moving Home with Charlie
Charlie Lamdin shares his wisdom from 25 years behind the scenes of the moving industry on a mission to make moving easier and help find a home for everyone. Everything bad estate agents don't want you to know (but good agents won't mind you knowing!) to help you get a better chance of securing the home you want. He also shares his unique perspective on what's happening in the housing market and economy. Visit https://mhwc.co.uk for more.
Moving Home with Charlie
Buying (with a mortgage) Burns Money Faster Than Renting. Prove me wrong.
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.
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