How to buy a house for £4000

@gabriel.nussbaum

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SoundTikTok sound · original sound - gabriel.nussbaum

Promoted product

Lifetime ISA

Tax free saving for your first home and later life: what is a LISA, who can apply, 25% government bonus, withdrawal charges.

6 videos5 creators

Why it worked

The video addresses a common financial aspiration (buying a house) with a seemingly low barrier to entry (£4000 deposit), making it highly relatable and shareable. It provides a clear, step-by-step breakdown of the financial mechanics involved.

Summary

The video explains how to buy a house in the UK with a £4000 deposit by utilizing a Lifetime ISA. It breaks down the required salary and maximum property value, highlighting the government bonus that can be added to the deposit.

Structure

1Introduction to buying a house with £4000
2Step 1: Lloyds Bank's £5k deposit mortgage scheme
3Step 2: Understanding the maths (deposit, max property value, salary)
4

Original caption

How to but a house with just £4000 (The maths) A few things I need to make clear: 1. This is just the maths not me saying it's a good idea. 2. You need to look into whether or not this is actually right for you. 3. The lifetime ISA has more terms and conditions, such as: 4. You have to be between 18 and 39. 5. The money has to go towards a first-time property or retirement. 6. There is a penalty if you withdraw the money for reasons other than buying a property under £450,000. 7. The product is currently in consultation and is likely to be changed early next year. (For the better hopefully) Having said all that do you think this is a good idea? #PersonalFinance #property #lisa #LearnOnTikTok

More from @gabriel.nussbaum

Product placement

Lloyds: APPEARS - a corner watermark on the website shown. Removing it would not change what happens in the video. Lifetime ISA (LISA): ACTS - it is a financial product that allows the user to save for a house deposit with government bonuses. Removing it would change what happens in the video.

On-screen text

How to buy a house for £4000 £4000 Step one Step two BUY A HOUSE £5,000 MAX: £300,000 SALARY: £65,500 (£32,750x2) LISA Lifetime ISA (LISA) £4000 £5000 £300,000 £32,750 £1000 £4000 £2000 (each) (£4000 on your own)

Transcript

can now with just £4000 show you how to do it Step one Lloyds Step one Lloyds they have just released a £5,000 interest rate deposit mortgage scheme £5,000 though that's not £4000 get We need to Step two understand the maths. So they said deposit property £300,000 which means that technically on a 4.5X multiplier you need to be to earn £65,500 property £5000 deposit £300,000 £32,750x2 each But number £4000 is how do it Lifetime ISA (LISA) you £32,750 £5000 £4000 plus £1000 from the government much my handwriting £5,000 £300,000 £1000 £4000 £2000 (each) (£4000 on your own) That is right UK for £2000 (each) (£4000 on your own) is the scheme a good idea in That's but how you