In these blog posts, related to personal finance, I focus on my own journey to passive income and ways to grow, save and manage personal finance. The blog information is not a financial advice, kindly consult a professional for any decisions.
This article is a little different from sharing some beauty tips, something which has been my goal for a while and I have been figuring out what financial independence or FI means to me personally and how I can get there.
I hope this blog post will be useful to all who travel abroad for holidays now…
Usually buying a house requires a large deposit, anything from 10-20% of the house price. Then on top, there are other expenses like valuation, legal costs, transfer costs, and stamp duty* (read below for further explanation). Is there a way to own a house with a small budget?
In this post, I share my own experience of buying through shared ownership in London.
What is shared ownership?
Lifetime Individual Savings Account (LISA) can be opened by anyone over 18 in the UK until their 40th birthday. This savings can be used towards buying a first home or used later once retired. You will not be able to open an account after your 40th birthday and will not be able to put money in the fund after you turn 50.