How to Buy a House as a Cash Buyer | Phil Spencer's Propety Tips
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- čas přidán 28. 08. 2024
- Phil Spencer shares his insider tips on how to buy a house as a cash buyer. In this video Phil explains the following:
Regulations you need follow to be a cash buyer
How considerations differ to buying with a mortgage
The upsides and downsides
What you should arrange when buying as a cash buyer
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Thank you, Mr. Spencer. We are so grateful for you.
You are very welcome
Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!
It is a great video thanks for the great information and well delivered. This is exactly what I was looking for.
As a cash buyer can you still get a valuation report to ensure you aren’t overpaying?
Great video Phil always very helpful content. Due to the increase in property prices in recent years I am unable to be a cash buyer I am about 25% short. I have 75% what other ways will I be able to make up the missing 25%? thanks
Thanks for your feedback. It might be worth sitting tight for a bit and seeing what happens to prices in the area you want to buy. Here's Phils latest market reveiw which you might find interesting www.moveiq.co.uk/blog/news/price-gap/
Thank you.
You're welcome!
Many thanks for this information and keeping us up to date. The website is very good. Hard to know who to go to for advice like this, pitfalls, etc. Especially like the info re estate agents.
Glad to help
Thanks you very insightful info. I am currently looking for a property in London so the info is very useful. I am not sure of the link you mentioned which allows me to learn the facts about the area, crime rate etc. Could you point me in the direction please?
Sure, here you go www.moveiq.co.uk/tools/buying/property-report-for-buying-or-renting-a-home/ Also, thank you for taking time to give us feedback - much appreciated 🙏
Thank you very much sir for your advice. But please I have a question. If I borrow money from friends and family to my account also sometimes credit cards give 1 and half year 0% interest and transfer the money to my account and manage the money overnight and try to buy a house with this cash money ! Is it gonna work like that ? Property could be under 60k. Is it will be a problem ?
Thanks in advance.
Great tips as always
Glad you like them!
Very interesting 👍
Glad you think so!
At point 2.08 when talking about drainage drainage surveys who exactly does these is it the solicitors or surveyors?
A surveyor will do a drainage survey usually with a CCTV camera.
@@MoveiQ what kind of house survey does this come under because there are 3 different types to my knowledge?
@@amazing451 It's a specialist survey you will need to book separately. You can find a surveyor near you via our website here www.moveiq.co.uk/tools/buying/find-a-tradesman/
@@MoveiQ Thanks for the information Move iQ
@@amazing451 You're welcome - you can find loads more advice on our website moveiQ.co.uk
Phil is my "Go To Guy" for practical advice. Why bother with anyone else ?
Thank you - we'll be sure to let him know :)
What was the tip?
@Move iQ
Is there any website where one can filter out cash only properties?
Did you get an answer to this?
Hi, Mr Spencer, it would be grateful if you could advice me on how could a non resident without uk bank account cash buy a house. Is it possible to pay the sum using HSBC Expat Bank account . THANK YOU !
Sorry we can't help with that
Hi Phil
How can I watch your video content ... it's no longer available in the CZcams ???
we are still here
It makes no difference if you're a CB or not, if a property is under offer, then it remains that way, regardless if you can buy quicker. Sorry Phil, but i speak from experience.
No need to apologise - thanks for sharing your experience.
What do you mean?
He’s saying if someone’s already made an offer for it even if you’re buying cash you can’t just take the house, not sure it’s relevant to the video though aha
Taking too long to get to the point
I've got 90k I've saved with crypto over the years, I want to buy a cheap first home, but they're gonna want proof of funds...can I drip it into a savings account and pay from there
www.moveiq.co.uk/blog/buying/buy-house-crypto/
It is a great video thanks for the great information and well delivered. This is exactly what I was looking for.