What's your plan for buying a house?

[Malcolm X]

Obviously riba is haram, I'm looking for ideas on how to buy a house without needing to save up the entire cost of a house.

I've looked at Islamic mortgages but I'm not sure if they're halal. Some banks link their profit rate with Bank of England interest rate thats obvious sign that they're not halal

I've thought about buying a super small house then upsizing later on but then I realised that it can be so hard to sell a small house because nobody buys them.

So, how do you plan on buying a house? Any suggestions for people in my position?

 

[Starscream]

In the us is fucking stupid to buy a house
The literally suck you dry for living in this country.
The property tax is the same as renting cost here
Why would anybody want to buy a house

 

[Prince of Lasanod]

not gonna buy a house

 

[Malcolm X]

In the us is fucking stupid to buy a house
The literally suck you dry for living in this country.
The property tax is the same as renting cost here
Why would anybody want to buy a house

Because it's cheaper than renting in the UK.

In the UK, there is no such thing as property tax.

 

[Starscream]

Because it's cheaper than renting in the UK.

In the UK, there is no such thing as property tax.

Wasn't there a thread saying buying house cost to much in London recently so how do you people live if renting and house cost are high

 

[SOMALI GENERAL]

Because it's cheaper than renting in the UK.

In the UK, there is no such thing as property tax.

You still have to pay stamp duty if you purchase property worth more than £125K. The rate differs depending on the value of the property: https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

 

[Malcolm X]

Wasn't there a thread saying buying house cost to much in London recently so how do you people live if renting and house cost are high

In London, you have three groups of people

1. Professional couples with no children
2. Super rich people (Bankers, CEOs, Arabs, etc)
3. Families on benefits.

There is no in-between.

You still have to pay stamp duty for property that are worth more than £125K. The rate differs depending on the value of the property: https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

That's one-off payment. Pay it once, you don't worry it any more.

Property tax is paid yearly.

 

[Yahya Liban-Lewis]

Obviously riba is haram, I'm looking for ideas on how to buy a house without needing to save up the entire cost of a house.

I've looked at Islamic mortgages but I'm not sure if they're halal. Some banks link their profit rate with Bank of England interest rate thats obvious sign that they're not halal

I've thought about buying a super small house then upsizing later on but then I realised that it can be so hard to sell a small house because nobody buys them.

So, how do you plan on buying a house? Any suggestions for people in my position?

Your going to have to take riba if you don't want to save up for the entire cost of a house

Buying a house with cash is your only halal option, but that's going to take forever

 

[Malcolm X]

Your going to have to take riba if you don't want to save up for the entire cost of a house

Buying a house with cash is your only halal option, but that's going to take forever

 

[The Cushitic One]

@Malcolm X do the haagbaad @Gambar mum brought her home like that.

 

[SOMALI GENERAL]

That's one-off payment. Pay it once, you don't worry it any more.

Property tax is paid yearly.

I know sxb, but the house prices in London are extreme. If you really wanna buy a house then you'll have to move out to a place like Durham...