Thanks

Ralphlauren:


If the husband to be holds British/EU citizenship, then she can return to nigeria and apply to join him on a spousal visa.

If the husband to be is on any type of visa, she should forget it. Her application will be refused outrightly and she might even be banned for a while.

Ralphlauren:


They have kids, wait until when the child is aged 7-10 years and then apply for British citizenship for them. Once the kids are granted, the parents with the aid of seasoned immigration lawyers apply for discretionary leave to remain. They are usually granted. After that, they apply for indefinate leave to remain and later apply for citizenship.

So unfortunate

uzuz:



Again, like l said, as a home owner; insurance is important but not compulsory. You are unlikely to cover a home that you do not own, if you rent a house, you can do contents cover which covers majority of your home appliances. l am not sure what you mean by "limited insurance cover" Also, do not forget that home insurance can at times be very difficult to claim; against other types of insurance. If the insurance company find it that you have been careless and negligent, i.e in terms of the broken tap (which have been for over a period of time which you chose to ignore), they will not pay out.

It is possible that windy storm can blow roofs off buildings; l have never heard such about the UK. USA and certain countries perhaps but not the UK. Unlike the USA, UK use moulded slabs for their roof tops and the way the slabs are laid, its there 20 years, come rain, storm or whatever, it's there. Sometimes, this slabs breaks down and have to be replaced.

Damages perpetrated by insurance scammers is different from genuine claims; that is perhaps where you should focus. Having said that, as a tenant; you cannot insure someone's house - you can only insure the contents of the house.

Don't know if someone has addressed this subsequently but in the interest of those who might read later on, what you say is false.

You MUST have buildings insurance if you are taking out a mortgage. This covers the structure of the property and anything which cannot be detached from the house.

The optional bit is having contents insurance.

shaybebaby:

Don't know if someone has addressed this subsequently but in the interest of those who might read later on, what you say is false.

You MUST have buildings insurance if you are taking out a mortgage. This covers the structure of the property and anything which cannot be detached from the house.

The optional bit is having contents insurance.

Issue was thrashed back and forth....... My point is exactly your position and the legal responsibility of a mortgaged property....

Even after mortgage payment completion, it's still advisable to have building insurance cover.....

For tenants, contents cover is advisable, but not compulsory (dependent on your overall contents value)...

Lexusgs430:


Issue was thrashed back and forth....... My point is exactly your position and the legal responsibility of a mortgaged property....

Even after mortgage payment completion, it's still advisable to have building insurance cover.....

For tenants, contents cover is advisable, but not compulsory (dependent on your overall contents value)...

I'm not sure what you mean by mortgage payment completion.

I don't know much about renting but would imagine that if it was let furnished, the landlord would have insurance for contents in addition to building cover.

If it is unfurnished, then yes contents cover can be taken out at the tenants discretion.

shaybebaby:


I'm not sure what you mean by mortgage payment completion.

I don't know much about renting but would imagine that if it was let furnished, the landlord would have insurance for contents in addition to building cover.

If it is unfurnished, then yes contents cover can be taken out at the tenants discretion.

Let's assume you take out a mortgage payment for 25 years. At the end of the 25th year, your mortgage company would hand you over the property deeds...... Now the property is fully yours (mortgage free).

At this point, it is still advisable to take out an insurance policy, regardless......


As a tenant, your could rent the apartment furnished or unfurnished.

What type of insurance your landlord has to protect his assets.

The policy a tenant should be having are for personal effects, such as jewellery, TV, dvd, phone, tablet etc etc.
Incase the tenant suffers an unfortunate bulgary, the content insurance would pay out.....

Hope it's now more clearer?

Lexusgs430:


Let's assume you take out a mortgage payment for 25 years. At the end of the 25th year, your mortgage company would hand you over the property deeds...... Now the property is fully yours (mortgage free).

At this point, it is still advisable to take out an insurance policy, regardless......


As a tenant, your could rent the apartment furnished or unfurnished.

What type of insurance your landlord has to protect his assets.

The policy a tenant should be having are for personal effects, such as jewellery, TV, dvd, phone, tablet etc etc.
Incase the tenant suffers an unfortunate bulgary, the content insurance would pay out.....

Hope it's now more clearer?

Much clearer now, it was the term used that threw me for a loop. (redemption is what i hear often).

Thanks for clarifying.

shaybebaby:

Much clearer now, it was the term used that threw me for a loop. (redemption is what i hear often).

Thanks for clarifying.

I presume by redemption, you meant paying off your mortgage much earlier than the scheduled duration...

In reality, how many people actually redeem their mortgages?

Redeeming the mortgage, is usually of the mind only..........

Lexusgs430:


I presume by redemption, you meant paying off your mortgage much earlier than the scheduled duration...

In reality, how many people actually redeem their mortgages?

Redeeming the mortgage, is usually of the mind only..........

No, mortgage redemption is just that, paying off the outstanding loan whether it prior to term of the mortgage or not.

The redemption amount is the amount required to settle the debt in full. Where you are paying it off before the end of the mortgage term, that is called early repayment and as such may incur additional charges in addition to the outstanding amount.

You can redeem your mortgage before the end of the mortgage without incurring additional if you make no more than an additional 10 percent payment of the outstanding loan amount in a year.
Eg if you take out a mortgage for 200,000. In the first year of the mortgage, you can pay an additional 20k of repayment in addition to your monthly payments (I'm ignoring the capital you are paying for if on a repayment mortgage and not interest only,however banks will calculate that).

Year two, assuming the outstanding amount is 180k,you can pay off an additional 18k. Etc

Doing it this way, one can be mortgage free in less than the term of the mortgage without incurring early repayment charges.

Second

shaybebaby:

No, mortgage redemption is just that, paying off the outstanding loan whether it prior to term of the mortgage or not.

The redemption amount is the amount required to settle the debt in full. Where you are paying it off before the end of the mortgage term, that is called early repayment and as such may incur additional charges in addition to the outstanding amount.

You can redeem your mortgage before the end of the mortgage without incurring additional if you make no more than an additional 10 percent payment of the outstanding loan amount in a year.
Eg if you take out a mortgage for 200,000. In the first year of the mortgage, you can pay an additional 20k of repayment in addition to your monthly payments (I'm ignoring the capital you are paying for if on a repayment mortgage and not interest only,however banks will calculate that).

Year two, assuming the outstanding amount is 180k,you can pay off an additional 18k. Etc

Doing it this way, one can be mortgage free in less than the term of the mortgage without incurring early repayment charges.

Second

Mortgage redemption comes in 2 variations, this aspect and the one I stated.......

But both variations are usually of the mind....... (in reality)

Lexusgs430:


Mortgage redemption comes in 2 variations, this aspect and the one I stated.......

But both variations are usually of the mind....... (in reality)

What if the person comes into an inheritance?

What if you change lenders? The mortgage with the first lender is redeemed using the funds from the new lender.

Funds could come from sale of the property in question.

A mortgage is a loan, you pay off the loan, you have redeemed it.

To be granted the mortgage, lenders require you to insure the building. No buildings insurance, no mortgage (loan), it is a prerequisite.

If you are buying outright, well yes, you owe no one, the property is yours outright so up to decide if you want to take risks with what could be the most expensive asset you own.

DisGuy:


To add to what mr Lexusgs430 said... you can easily pick up a car....but as a jjc or newly qualified UK driver your insurance could be well over £3000 ....the bigger the engine the higher the premium....also depending on your location

Hadji, so you still dey Nairaland.

Eku ojo meta.

shaybebaby:

What if the person comes into an inheritance?

What if you change lenders? The mortgage with the first lender is redeemed using the funds from the new lender.

Funds could come from sale of the property in question.

A mortgage is a loan, you pay off the loan, you have redeemed it.

To be granted the mortgage, lenders require you to insure the building. No buildings insurance, no mortgage (loan), it is a prerequisite.

If you are buying outright, well yes, you owe no one, the property is yours outright so up to decide if you want to take risks with what could be the most expensive asset you own.

Inheritance? Your grandparents dey UK?

shaybebaby:

What if the person comes into an inheritance?

What if you change lenders? The mortgage with the first lender is redeemed using the funds from the new lender.

Funds could come from sale of the property in question.

A mortgage is a loan, you pay off the loan, you have redeemed it.

To be granted the mortgage, lenders require you to insure the building. No buildings insurance, no mortgage (loan), it is a prerequisite.

If you are buying outright, well yes, you owe no one, the property is yours outright so up to decide if you want to take risks with what could be the most expensive asset you own.

Funds could come from the property in question? Very true....... After how many years of ownership + property appreciation + equity generation..........

What do you you do with the equity? Pay off your existing mortgage or downsize or buying another property or live on the street or sofa shuffle or relocate back to Africa?

I hope you are getting my drift?

Yes, you might pay off your existing mortgage. But what happens next?

Lexusgs430:


Funds could come from the property in question? Very true....... After how many years of ownership + property appreciation + equity generation..........

What do you you do with the equity? Pay off your existing mortgage or downsize or buying another property or live on the street or sofa shuffle or relocate back to Africa?

I hope you are getting my drift?

Yes, you might pay off your existing mortgage. But what happens next?

Whatever you wish you do, the fact is you have redeemed the existing loan.

Jarus:


Hadji, so you still dey Nairaland.

Eku ojo meta.

I kuku dey o. Reporting live from Opebi

Silently following sir

Was at moleye st on Wednesday!

DisGuy:


I kuku dey o. Reporting live from Opebi

Silently following sir

Was at moleye st on Wednesday!

Wow!

Are you fully back in Nigeria?

DisGuy:


I kuku dey o. Reporting live from Opebi

Silently following sir

Was at moleye st on Wednesday!

. Funny . How the traffic for your side

Ralphlauren:


They have kids, wait until when the child is aged 7-10 years and then apply for British citizenship for them. Once the kids are granted, the parents with the aid of seasoned immigration lawyers apply for discretionary leave to remain. They are usually granted. After that, they apply for indefinate leave to remain and later apply for citizenship.

.

Na wa oo. The hustle is real, no piece of mind for dt long. But come to think of it, been wondering ow overstayers do survive with all the checks, registrations, references associated with getting a job (including low level ones), renting a house and operating a bank account etc.

fatima04:
.

Na wa oo. The hustle is real, no piece of mind for dt long. But come to think of it, been wondering ow overstayers do survive with all the checks, registrations, references associated with getting a job (including low level ones), renting a house and operating a bank account etc.

The noose is currently tightening around illegal immigration. Banks are now conducting immigration checks on all Bank accounts, landlords are now semi immigration officers (tenants must produce immigration documentations, prior to renting), or else landlord faces a hefty fine, the checks would also extend to historic mortgage accounts etc etc etc


Illegal immigrants simply live their lives daily, hoping it would be not be the last day before an arrest, trying to get jobs in the black economy, cash to hand jobs etc etc etc

It's tough, but they somehow get by........

Jarus:


Wow!

Are you fully back in Nigeria?

Mbaa for this apc pdp economy.....!?!?

DisGuy:


Mbaa for this apc pdp economy.....!?!?

Lexusgs430:


... trying to get jobs in the black economy, cash to hand jobs etc etc......

Which one be BLACK economy again?

Inkredible:


Which one be BLACK economy again?

Illegal work, those that pays cash in hand.

Long hours with below minimum wage pay

Inkredible:


Which one be BLACK economy again?

Paying no tax, no NI contributions, cash in hand type situations........

Hush Hush situations......

My senior colleagues. I dey greet oh. We are in the process of deciding on a home wifi provider, tv subscription etc... Can anyone share the most affordable and sensible service providers? Let's not go and enter 1 chance.

Mostly for wifi and tv and possibly phone sef. Just that we already have 1 02 contract that I'm looking at with side eye. Will appreciate y'alls feedback. Thank you.

Hiya, you can try money supermarket.com to check d provider that's is strong in your neighborhood by searching ur exact postcode.

BT is good and usually strong in most places and very easy to setup yourself and also not to expensive to maintain with some extra benefits for sim and other plans

Mamatukwas:
My senior colleagues. I dey greet oh. We are in the process of deciding on a home wifi provider, tv subscription etc... Can anyone share the most affordable and sensible service providers? Let's not go and enter 1 chance.

Mostly for wifi and tv and possibly phone sef. Just that we already have 1 02 contract that I'm looking at with side eye. Will appreciate y'alls feedback. Thank you.

depends on your area. the rent agency atimes have 3rd party that offers you choices based on cost effectiveness

fatima04:
Hiya, you can try money supermarket.com to check d provider that's is strong in your neighborhood by searching ur exact postcode.

BT is good and usually strong in most places and very easy to setup yourself and also not to expensive to maintain with some extra benefits for sim and other plans

Ok. Thank you. I will check with the website.

Geetrix:
depends on your area. the rent agency atimes have 3rd party that offers you choices based on cost effectiveness

Ok. I'm in Scotland. Will check. Thank you.

So after investigating, it's looking as if EE and Talk Talk are the preferred service providers in our end. Not sure which to choose because I don't know how thier tv offering differs/ranks. Please anyone with experience using either or both can share. Thanks.

CC: @Fatima04 @Geetrix @House

Mamatukwas:

So after investigating, it's looking as if EE and Talk Talk are the preferred service providers in our end. Not sure which to choose because I don't know how thier tv offering differs/ranks. Please anyone with experience using either or both can share. Thanks.

CC: @Fatima04 @Geetrix @House

Are your looking at subscriptions for satellite TV services + broadband?
Does Sky provide services at your location?

I would suggest BT for phone + Broadband and Sky or TalkTalk for satellite services....... (if possible).....

Lexusgs430:


Are your looking at subscriptions for satellite TV services + broadband?
Does Sky provide services at your location?

I would suggest BT for phone + Broadband and Sky or TalkTalk for satellite services....... (if possible).....

Yes I'm looking at subscription for Satellite Tv and broadband. What I noticed after using the money supermarket website is that BT isn't popping up much for my post code. Even Sky sef you have to scroll down. Top choices are EE and Talk Talk. Not sure if it's genuine ranking or marketing gimmick.

I added phone because I read on this thread somewhere that it makes financial sense to get it all in 1 bundle.. so...

JJC tins sha.. pls bear with me.