fatima04:


Lol, egungun be careful oo. Wetin you dey find

Gallivanting my dear The weather can't go to waste.

umarwy:
Ogas and Madams I hail oh

I wanted some information and tips regarding buying a home in the UK,

What are the mistakes I should avoid?

Is rent to buy and shared ownership as good as it looks??

Housing association, chain properties etc. Please any information is appreciated

Location: What happens if a job comes and one has to move

My main reason for considering a mortgage is I am tired of paying rent.


Thank you in advance.

@justwise
@lagosismyhome
@stenon
@lexusgs430
@dustydee
@et al

RENT MONEY IS DEAD MONEY......

umarwy:
Ogas and Madams I hail oh

I wanted some information and tips regarding buying a home in the UK,

What are the mistakes I should avoid?

Is rent to buy and shared ownership as good as it looks??

Housing association, chain properties etc. Please any information is appreciated

Location: What happens if a job comes and one has to move

My main reason for considering a mortgage is I am tired of paying rent.


Thank you in advance.

@justwise
@lagosismyhome
@stenon
@lexusgs430
@dustydee
@et al

If you financially can, avoid all those nonsensical schemes.......

Buy a FREEHOLD MORTGAGED PROPERTY + REPAYMENT MORTGAGE ONLY ......

umarwy:
Ogas and Madams I hail oh

I wanted some information and tips regarding buying a home in the UK,

What are the mistakes I should avoid?

Is rent to buy and shared ownership as good as it looks??

Housing association, chain properties etc. Please any information is appreciated

Location: What happens if a job comes and one has to move

My main reason for considering a mortgage is I am tired of paying rent.


Thank you in advance.

@justwise
@lagosismyhome
@stenon
@lexusgs430
@dustydee
@et al

If a job means switching country, rent it out (so someone else too can pay your mortgage)..........


NB : Your present landlord too, might be an expat............

umarwy:
Ogas and Madams I hail oh

I wanted some information and tips regarding buying a home in the UK,

What are the mistakes I should avoid?

Is rent to buy and shared ownership as good as it looks??

Housing association, chain properties etc. Please any information is appreciated

Location: What happens if a job comes and one has to move

My main reason for considering a mortgage is I am tired of paying rent.


Thank you in advance.

@justwise
@lagosismyhome
@stenon
@lexusgs430
@dustydee
@et al

Do you mean Buy to rent?

Share ownership is not bad IF you see a good one..i mean one with a higher ownership share..50% up is good as it helps you staircase easily.

Check how many years left on the leasehold, 99yrs up is good else it has little or no resable value .

Check the service charge and google council tax band of that post code else you will be in for a shock.

Unless expressly permitted by the housing association..you are not allowed to rent out share ownership property until you have 100% ownership but you can resale

Register with Help To Buy first if approved then open lifetime isa as Help To Buy is closed now.

justwise:


Do you mean Buy to rent?

Share ownership is not bad IF you see a good one..i mean one with a higher ownership share..50% up is good as it helps you staircase easily.

Check how many years left on the leasehold, 99yrs up is good else it has little or no resable value .

Check the service charge and google council tax band of that post code else you will be in for a shock.

Unless expressly permitted by the housing association..you are not allowed to rent out share ownership property until you have 100% ownership but you can resale

Register with Help To Buy first if approved then open lifetime isa as Help To Buy is closed now.

When it's time to staircase, you get a financial shock..........

Who would believe in the very good old days, we had 0% deposit mortgage schemes......

Just pay your stamp duty and associated costs and move in.........

Lexusgs430:


When it's time to staircase, you get a financial shock..........

The same process..that is why its good to start with higher ownership share so that you don't have to staircase too many times

justwise:


The same process..that is why its good to start with higher ownership share so that you don't have to staircase too many times

Hence freehold and be 100% staircased at inception of the mortgage.....

umarwy:
Ogas and Madams I hail oh

I wanted some information and tips regarding buying a home in the UK,

What are the mistakes I should avoid?

Is rent to buy and shared ownership as good as it looks??

Housing association, chain properties etc. Please any information is appreciated

Location: What happens if a job comes and one has to move

My main reason for considering a mortgage is I am tired of paying rent.


Thank you in advance.

@justwise
@lagosismyhome
@stenon
@lexusgs430
@dustydee
@et al

Yes to buy buy buy.....as long as you have the finances for me it's much better. Even if it to start small and then buy bigger as the family grows. It still better than renting because of the potential built up equity

Lexusgs430:



Hence freehold and be 100% staircased at inception of the mortgage.....

There is a good reason why people go for Share ownership

Bourne007:
They are recognised. I've used for all my applications with no issues/questions whatsoever.

Hmmmm! Never heard of it in spouse visa application. You can ask any body

LuvlyIva:

Hmmmm! Never heard of it in spouse visa application. You can ask any body

Yes , it doea not have to be court marriage.

It can be a catholic church marriage as an example and in such cases you are given a certificate issued by the court or something. Not sure what its officially called and that is a valid marriage certificate.

Its valid in nigeria and valid to use in UK as well

Lexusgs430:



If you financially can, avoid all those nonsensical schemes.......

Buy a FREEHOLD MORTGAGED PROPERTY + REPAYMENT MORTGAGE ONLY ......

Explain this to me pls.

Also what do u mean by staircase....

Don't answer me with another parable pls

justwise:


Do you mean Buy to rent?


Share ownership is not bad IF you see a good one..i mean one with a higher ownership share..50% up is good as it helps you staircase easily.

Check how many years left on the leasehold, 99yrs up is good else it has little or no resable value .

Check the service charge and google council tax band of that post code else you will be in for a shock.

Unless expressly permitted by the housing association..you are not allowed to rent out share ownership property until you have 100% ownership but you can resale

Register with Help To Buy first if approved then open lifetime isa as Help To Buy is closed now.

1. No rent to buy,
2. Thank you.
3. Not looking to rent the property out.
3 I have a help to buy ISA account thanks

just to add...

please whats the consequence of one not being able to pay mortgage for maybe 1/2 months maybe cos of financial issues? will the house be immediately reposessed? any rules?

justwise:


Do you mean Buy to rent?

Share ownership is not bad IF you see a good one..i mean one with a higher ownership share..50% up is good as it helps you staircase easily.

Check how many years left on the leasehold, 99yrs up is good else it has little or no resable value .

Check the service charge and google council tax band of that post code else you will be in for a shock.

Unless expressly permitted by the housing association..you are not allowed to rent out share ownership property until you have 100% ownership but you can resale

Register with Help To Buy first if approved then open lifetime isa as Help To Buy is closed now.

profemebee:
just to add...

please whats the consequence of one not being able to pay mortgage for maybe 1/2 months maybe cos of financial issues? will the house be immediately reposessed? any rules?

You have to discus this with your lender quickly and ask for time to clear up, some will be understanding else it will be accelerated

umarwy:


1. No rent to buy,
2. Thank you.
3. Not looking to rent the property out.
3 I have a help to buy ISA account thanks

That is a good start, nothing wrong with it, low deposit, low monthly repayment and rent, leaving you with some money to invest in other things while you building up equity

LuvlyIva:



Hmmmm! Never heard of it in spouse visa application. You can ask any body

The catholic church gives two certificates on the day of your wedding...one paper church marriage certificate and a court marriage certificate accepted all over the world.

I think you should calm down so you can listen to advice from the right people...you are talking to too many people in your surroundings who sadly do not have the right info you need

Not sure if you misread. I've used in all my applications including dependant and spousal visas.

@bolded .. will ask myself first

LuvlyIva:



Hmmmm! Never heard of it in spouse visa application. You can ask any body

fatima04:


If its on the list of partner countries, it should work fine could be delayed due to different timezone (working hours).

Their customer service is pretty good and you can chase up with that if any issues. Come gist us after

I no use again.... I had to use money gram. I no fit shout. It wasn’t gonna be a direct bank transfer. It was gonna be a pick up from their partner office. I jus say make I respect myself

Lexusgs430:
Who would believe in the very good old days, we had 0% deposit mortgage schemes......

Just pay your stamp duty and associated costs and move in.........

Hence forth you are “Baba/Papa Lexusgs430.

sassysure:

Explain this to me pls.

Also what do u mean by staircase....

Don't answer me with another parable pls

Freehold vs leasehold

Freehold you own outrightly

Leasehold, renting with a swag over a period of time........


Also, if you do an interest only mortgage. Over the term of the mortgage, let's say 25 years. You would have only paid the interest and not the capital.....

So after 25 years, the capital would be due for payment. So you would either have to sell the house to repay the capital or hopefully kill a granny, to inherit her massive bank account or her financially liquid estates........

profemebee:
just to add...

please whats the consequence of one not being able to pay mortgage for maybe 1/2 months maybe cos of financial issues? will the house be immediately reposessed? any rules?

No. If one falls into financial hardship, don't bury your head....... Speak with your lender immediately.......

The banks would keep writing, but if one cannot still pay, after about 6 months (repossession is the only way out).....

NB : Even if you cannot pay the full mortgage, try and keep paying something towards it (in agreement with your lender)....

profemebee:
just to add...

please whats the consequence of one not being able to pay mortgage for maybe 1/2 months maybe cos of financial issues? will the house be immediately reposessed? any rules?

in america it is 120 days default , never really checked what UK terms was before foreclosure starts kicking but i would guess it would be similar

hopefully it never gets to that ....amen

Lexusgs430:


No. If one falls into financial hardship, don't bury your head....... Speak with your lender immediately.......

The banks would keep writing, but if one cannot still pay, after about 6 months (repossession is the only way out).....

NB : Even if you cannot pay the full mortgage, try and keep paying something towards it (in agreement with your lender)....

May I add that if your failure to pay is due to covid,you can get a payment holiday. Please discuss with your lender. I m not sure where I saw this though but I have read this

missjekyll:


May I add that if your failure to pay is due to covid,you can get a payment holiday. Please discuss with your lender. I m not sure where I saw this though but I have read this

Very true, but i was talking about generally.....

Tobexin:
it really obvious your marriage is a sham one! You married her because you knew he had England Pali! But God don catch the woman got that Pali wuruwuru and I am damn sure she can’t fill in for you. If you wanna come to England to study it not a child play at all! You need close to 8 million. Can you affford that? Don’t think you can come to England and work to pay your school fees lol ko jo! You matter move on with your life. I don talk my own oo

Oga u dey para for the BroS oooo.

gratefulme40:



Hence forth you are “Baba/Papa Lexusgs430.

Haba, e neva reach like that. Nah for paper i read am......

umarwy:


1. No rent to buy,
2. Thank you.
3. Not looking to rent the property out.
3 I have a help to buy ISA account thanks

I’m a little confused, do you mean ‘help to buy’ or ‘rent to buy’? Cos they are are two different schemes.
Rent to buy is when you rent a new build at 80% rate for a maximum of 5 years. This is in place to help you save the 20% towards down payment when you are ready to buy a property.
‘Help to buy’ is when the govt substitute upto 25% of the value of a new property in order to augment your deposit/down payment. This will reduce the amount you’ll borrow from your mortgage provider and also help you get very good and competitive rates.

Lexusgs430:


Freehold vs leasehold

Freehold you own outrightly

Leasehold, renting with a swag over a period of time........


Also, if you do an interest only mortgage. Over the term of the mortgage, let's say 25 years. You would have only paid the interest and not the capital.....

So after 25 years, the capital would be due for payment. So you would either have to sell the house to repay the capital or hopefully kill a granny, to inherit her massive bank account or her financially liquid estates........

Lexusgs430:


Freehold vs leasehold

Freehold you own outrightly

Leasehold, renting with a swag over a period of time........


Also, if you do an interest only mortgage. Over the term of the mortgage, let's say 25 years. You would have only paid the interest and not the capital.....

So after 25 years, the capital would be due for payment. So you would either have to sell the house to repay the capital or hopefully kill a granny, to inherit her massive bank account or her financially liquid estates........

Is interest only mortage still available for residential property ?..... that is like impossible to get if it even exist