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Re: Living In The UK: Property,Mortgage And Related by profemebee(m): 1:48am On Jan 15 |
40 60 quid a day on transport already defeats the purpose.. .ahhhh thats quite a lot ooo... and then travel time.. i checked Luton but it was so far Solumtoya: |
Re: Living In The UK: Property,Mortgage And Related by profemebee(m): 1:48am On Jan 15 |
midlands to London na die... one will be tired by the time one gets to work Estroller: |
Re: Living In The UK: Property,Mortgage And Related by profemebee(m): 1:50am On Jan 15 |
thanks Ticha I tried to email you but i'm not sure how it works on Nairaland.. pls did you get any email from me? I also checked St.Neots but the house had a lake nearby and i wasn't sure.. this is re-assuring, thanks We don't have a car as we live in London, but will eventually have when we leave London... do you think not having a car initially will be a struggle in St.Neots? Ticha: |
Re: Living In The UK: Property,Mortgage And Related by profemebee(m): 1:56am On Jan 15 |
thanks for this.. will speak with one today, but is the govt scheme a public fund scheme? just asking The Mortgage advisor i earlier spoke with advised we go for 10% deposit as it makes our monthly mortgage payment cheaper Zahra29: |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 6:57am On Jan 15 |
profemebee: There will be flood map of areas near bodies of water so you can check to see what the flooding probabilities are, ask if there's been flooding in the last 25 years and the solicitor should do the same as well as point out flooding risks if there are any. Plus that's what we have house insurance for - to cover all those things that we cannot always fully account for. You don't need a car in St Neots. Everywhere is walkable and there are regular buses to Cambridge, Bedford, MK and Oxford - the Oxford bus dey take forever sha. 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by Zahra29: 3:31pm On Jan 15 |
profemebee: Not public funds, it's just a guarantee by the government to give lenders the confidence to reinstate 95% loans as most were withdrawn during the COVID crisis. Most lenders have stricter residence requirements and other eligibility criteria for their 95pc loans, which you should qualify for. 10% deposit is cheaper if you have this. However play around with some online monthly calculators as you might find that the difference in monthly repayments is minimal, and the extra 5% can be added to your outlay for the house purchase, refurbishments etc. or used as cash savings. You can also opt to overpay once you get the mortgage to increase your equity. Just wanted to add that if you're looking at commuting towns around London, perhaps also have a look at Surrey and/or Sussex e.g. Coulsdon, Purley, South Croydon etc. Approx 20- 30 mins to mainline London stations and you can use your oyster card, or you can go further out e.g. Horley, Horsham, Guildford etc which have direct trains to London in 40 mins or less. There are lovely, family friendly areas, great schools in these towns, some can be quite expensive but you should be able to find something very decent in your price range. 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Amazoner01: 4:31pm On Jan 15 |
Hello Boses, For a solicitor, would this charge be fair ? @ solumtoya Lexusgs430
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Re: Living In The UK: Property,Mortgage And Related by profemebee(m): 8:45pm On Jan 15 |
Thanks for the wise words.. will put all that into consideration Ticha: |
Re: Living In The UK: Property,Mortgage And Related by profemebee(m): 8:46pm On Jan 15 |
lots of calculations to be done.. will look out for these areas, thanks Zahra29: |
Re: Living In The UK: Property,Mortgage And Related by profemebee(m): 11:24am On Jan 16 |
This might help .. interesting read for property market in 2024 https://joseph-mews.com/uk-property-investment/where-to-invest/ 1 Like |
Re: Living In The UK: Property,Mortgage And Related by gergemam: 9:22pm On Jan 16 |
Hello People, Please is it possible to secure a house without not touching my LISA for now. I currently have a deposit of 10K quid, house is going for 55K on Market but I am currently bidding at 50K waiting to hear from the Landlord as communicated by the Real Estate Agent and 40K will be on Mortgage. Which platform can I use to secure Mortgage I am FTB |
Re: Living In The UK: Property,Mortgage And Related by Estroller: 12:07am On Jan 17 |
gergemam: Yes, you don't have to use it. But bear in mind that you will not be able to use it for the purpose of buying a house again because you will no longer be a first time buyer. Speak with a mortgage broker. |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 6:14am On Jan 17 |
gergemam: Why don't you want to touch LISA..... Lisa wouid not be happy with you Γ³..... π Are you buying from auction........ Some cheap properties dey outskirts o .... π Houses from Β£40K..... Houses are still cheap in the UK o...... But are they in places, we want to live........ ππ 1 Like |
Re: Living In The UK: Property,Mortgage And Related by gergemam: 8:03am On Jan 17 |
Estroller: Thanks Boss... I never too get money inside an like that. Please if you know or have any mortgage broker. Kindly share |
Re: Living In The UK: Property,Mortgage And Related by gergemam: 8:08am On Jan 17 |
Lexusgs430: Not Auction π The Price as shown by the Agent Online is 55K quid and new build around the area is from 100K quid. Daddy no go there oooooo... π₯Ίπ₯Ίπ₯Ί |
Re: Living In The UK: Property,Mortgage And Related by Solumtoya: 9:18am On Jan 17 |
gergemam: Please what location is this? I need to check it out And no LISA isn't compulsory at all. 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Estroller: 11:13am On Jan 17 |
gergemam: semmyk: 3 Likes 1 Share |
Re: Living In The UK: Property,Mortgage And Related by gergemam: 2:39pm On Jan 17 |
Solumtoya: Teesside, Cleveland, (Northeast) Example: https://www.pattinson.co.uk/property?id=430605 1 Like 1 Share |
Re: Living In The UK: Property,Mortgage And Related by specialenvoy: 12:53am On Jan 18 |
Just a quick one, do one need to change the locks to the doors of a new build on completion? 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 1:19am On Jan 18 |
specialenvoy: Not necessarily....... But it's now your house...... Do whatever gives you ultimate peace of mind....... |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 1:23am On Jan 18 |
gergemam: Be careful when buying auction properties...... For starters, you wouldn't get a conventional mortgage and ensure you read and fully understand the buyer's pack........ 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by gergemam: 2:33pm On Jan 18 |
Lexusgs430: Thanks Daddy. |
Re: Living In The UK: Property,Mortgage And Related by Santa2: 2:51am On Jan 19 |
Viruses:. THanks for your insight on this, been grappling on how to bring in funds and its impact. Your post address this directly. Thanks |
Re: Living In The UK: Property,Mortgage And Related by ToyosiR(f): 11:45am On Jan 19 |
Lexusgs430: Please could you give more explanation on this auction sales. I have read much about it but couldn't get the mortgage part stuff. |
Re: Living In The UK: Property,Mortgage And Related by gergemam: 6:47pm On Jan 19 |
Lexusgs430 Them say dem know fit sell the house for me oooo cos the property is for someone that's 55 Years and above. πππ Which kind criteria be that. Though the house nah Two Bedroom Bungalow. UK and yeye ruling 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 10:44pm On Jan 19 |
gergemam: Nah retirement house be that .........ππ The importance of employing a conveyancing solicitor, if you are not legally minded (or have the time to read the pack)........ 1 Like |
Re: Living In The UK: Property,Mortgage And Related by gergemam: 1:06am On Jan 20 |
Lexusgs430: I no kuku see anywhere whey dem write 55 years above. ππ |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 1:13am On Jan 20 |
gergemam: You won't see it from the advert...... It would be included in the buyer's pack..... 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 9:14am On Jan 20 |
https://www.dailymail.co.uk/news/article-12975007/Bulldozers-knock-NEW-HOMES-upmarket-estate.html Lovers of new builds........ ππ€£π 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Ogonsbaba: 10:50pm On Jan 20 |
Hi, I'm I still eligible for the bonus Β£1000 in my Lifetime ISA if I fund my account with Β£4000 on 1st April, 2024? And is there any maximum number of years one can fund Lifetime ISA account and still be eligible for the bonus Β£1000 as I intend to fund Β£4000 each year for 5 years? |
Re: Living In The UK: Property,Mortgage And Related by Walexwal: 12:13am On Jan 21 |
Ogonsbaba: Yes, you will be eligible as the tax year ends on the 5th of April. Also, I think one can continue to fund their LISA until a person turns 50. 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by Tolzeal(m): 1:40am On Jan 21 |
Walexwal: I think it would be fund ISA , not sure one is qualified for LISA again after first use to buy a property. But the rest could be used for ISA 1 Like |
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