Pierocash:
This is a country some people in Nigeria will sell their houses , cars , and borrow loan to migrate to. You see a multi millionaire here , doing well here migrate to UK after selling their properties, only to end up doing menial jobs to survive. No be juju be that

Na pure madness. I preach this to people everyday. Na ment

dupyshoo:
Why do you need to save a lot of money in the Uk if not for mortgage? That's going to be the biggest loan you will likely get. Once that's sorted, you are okay. The next step is if you want to build wealth.

What is wrong with mortgage? I was paying £600 as rent for a 3 bed house. I bought the house from the Landlord and my mortgage was £400. I could save more with the mortgage to buy a much bigger house. 6 years after, I have bought a much bigger house, the first house appreciated by over £60k. I am in the process of buying more houses as buy to let. So, stop demonising mortgage. I will rather buy houses in the UK here than build in Naija. The ones I tried to build in Naija, it always bring tears and sadness when I calculate how much I lost on the rubbish house and Land. No single profit. If I had invested that money in property here in the UK, I would have had a lot more.

Regarding savings, It is not difficult to save £500. I know a lot of people that just got to the UK and are still struggling but are servicing their Naija debts with almost £1k per month.

£600 for a 3 bedroom of which when you got a mortgage for it became £400 doesn’t sound right but that it appreciated £60k in 6 years sounds right.

Besides after your first mortgage the only way you can chase more mortgages is through equity release on the first one or just another down payment again on the new mortgages you are seeking.

Under uk law equity release simply means using the value by which the first house has appreciated to seek more properties under the same terms as the first one. Most people use the same lender

It hasn’t changed anything, mortgages are long term investments and I haven’t demonised them, it’s the only way for owning a house in the uk that you can call fully yours when you grow old and you can no longer work

It hasn’t changed my conclusion that it is a long term investment as it is a long term debt, the only difference being the value of the property would stop increasing . It’s more or less the only achievement most normal working class people would ever have living and working in the uk.

I never demonised it

jesmond3945:
i think you are misleading people. Many nigerian women are doing well. When I went to hertfordshire, there HR director is an igbo woman. The Mp represnting newcastle in the House is an igbo woman. Or do i mention many hausas, yorubas, edos women i know doing well. Even my own wife is a big doc or my cousin or my own sister. You are talking of new immigrants who are trying to settle. You have to differentiate them.

brother your argument is typical of the way Nigerians think but I am going to ply that line Of argument with you.

In Nigeria we have Dangote and alakija and elumelu and dantata and tinubu and don jazzy and davido etc etc so therefore everybody in Nigeria is doing well.

This is your line of argument

Mindlog:


I live in the UK and cannot see everywhere, UK has green open spaces die! Well planned forests and farms are so common on both sides of the road when travelling between towns and cities. When doing the about 90 mins road trip from Cambridge to London, there are massive stretches of open fields, forests, rivers on both side of the road as you drive along.

Bro, my context of everywhere choke is figurative, it simply means that the island nation is becoming overpopulated. You could tell by the stretch on infrastructures…book scan or worst still an appointment with a specialist and see the wait time, called a medical emergency service and see the wait time….streets corners are being occupied with beggars, something that was not very common before now…..some houses or apartments have their waste bins overflowing for days before being emptied by the council authorities,, those are common examples of infrastructure stretch caused by migrants influx.

jesmond3945:
no i mean kids in uk and kids in nigeria

Yes I am saying the same thing immigrant kids in the uk who would have no choice but to go to state schools in the uk CAN be compared to some Nigerian kids who attend good schools in Nigeria. Infact I will take the Nigerian kids over them


The difference between them won’t be and can’t be as you imagined

Some state schools in the uk are terrible, extremely terrible. So my example was it depends on the type of individual exposure they got , there are some really really good schools in Nigeria although they are private schools and they cost an arm and a leg .

But the general comparison of comparing just any uk kid living in the uk and in Nigeria isn’t just about right

sukkot:
you may be lucky to find jobs where he does night shift ( but you know that’s going to be security work dead end job ) while she works daytime , but these things are luck and not the reality for most. The reality for most is that the women have all resorted to being stay at home mums and have all opened YouTube channels ( I know a million of them on YouTube ) to bring in an extra 50 pounds a month

Lucky to get night shift job? What are you talking about? So many companies have night shift work system, train companies, the police force, warehouses, supermarkets, hospitals etc

jesmond3945:
people migrate because of their kids and is worth it in the end.

Rubbish. This mentality is stale. Give your kids good education. Guide them on the modern ways to make money and be highly competitive globally. Western countries will beg them with visa when they grow up.

We live in a digital world now. Nothing your kids wanna learn abroad that they can't learn in Nigeria. And who told you your child's destiny is to live outside his parent country? Don't white people work, grow old and die in Nigeria?

jesmond3945:
lol when i go to school run many parents are just coming from work to pick their kids. You even live in nigeria, you have a british passport but still misleading people.

yes parents who are lucky to have figured it out and gotten a job that ends at say 2 pm. It’s all luck. There aren’t too many jobs that end at 2pm unless you own the business then you can Break at 2 to go pick the kids. Most of these women you see coming to pick up their children are business owners

justwise:


Lucky to get night shift job? What are you talking about? So many companies have night shift work system, train companies, the police force, warehouses, supermarkets, hospitals etc

any night shift job is a dead end job. stacking shelves, security etc

Which takes us back to why they are stingy. Night shift job is usually minimum wage

£400 does not sound right? Do you think a Landlord will be renting a house that will not pay his/her mortgage? I don't have time to argue with you.

It depends on what you mean by long term investment. For the 1st house, I can afford to pay it off even after just 5 years but I won't as the interest rate is very low and fixed for another 3.5 years (about 1.3%). I will rather use the money to invest in other houses.

Those normal working class in Nigeria, what achievements do they have? Travelling abroad? As if my parents were not working class and could not even afford to build house for years

adonainana:


£600 for a 3 bedroom of which when you got a mortgage for it became £400 doesn’t sound right but that it appreciated £60k in 6 years sounds right.

Besides after your first mortgage the only way you can chase more mortgages is through equity release on the first one or just another down payment again on the new mortgages you are seeking.

Under uk law equity release simply means using the value by which the first house has appreciated to seek more properties under the same terms as the first one. Most people use the same lender

It hasn’t changed anything, mortgages are long term investments and I haven’t demonised them, it’s the only way for owning a house in the uk that you can call fully yours when you grow old and you can no longer work

It hasn’t changed my conclusion that it is a long term investment as it is a long term debt, the only difference being the value of the property would stop increasing . It’s more or less the only achievement most normal working class people would ever have living and working in the uk.

I never demonised it

This is not true. I see a lot of people with their healthcare uniform coming to pick up their kids.

At my work, everyone block their calendar around that time as school run. So, meetings are usually not fixed at that time. Much more people are working from home now anyway.

sukkot:
yes parents who are lucky to have figured it out and gotten a job that ends at say 2 pm. It’s all luck. There aren’t too many jobs that end at 2pm unless you own the business then you can Break at 2 to go pick the kids. Most of these women you see coming to pick up their children are business owners

ibinaboonline:
The real problem is Nigerians and their silly entitlement mentality about someone else's income.

What about family members?

Even if he's your family member , does that mean he doesn't have pressing needs, bills , businesses , interests ? Is he not supposed to be able to take a vacation with the money he earned ? Because someone is constantly begging ?
There's nothing wrong with helping family members but it shouldn't be seen as a right. You first duty according to religion and law is to your immediate family (Your wife and Children ) , then you're required to take care of your parents (and every sensible parent understands that you have needs too) . You can extend a hand to your other family members and friends occasionally too but it shouldn't inconvenience you, and it shouldn't even be every time . Are they not supposed to work too?

I enjoyed this thread sha. Over to the next one

dupyshoo:
£400 does not sound right? I don't have time to argue with you.

It depends on what you mean by long term investment. For the 1st house, I can afford to pay it off even after just 5 years but I won't as the interest rate is very low and fixed for another 3.5 years (about 1.3%). I will rather use the money to invest on other houses.

Those normal working class in Nigeria, what achievements do they have? Travelling abroad?

You didn’t mention the value of the house for which you did have the £400 mortgage repayments and the loan to value ratio the bank gave you ( LVR ) That figure would establish if £400 for a 3 bedroom seems just about right

The answer in the above paragraph would answer the question whether it will be possible to pay off a mortgage in 5 years as a bank by law can only lend you 4 times your salary . Your deposit thus acting as leverage as to the type of deal you are put on be it variable or a fixed interest rate etc etc

Most people that can pay off a mortgage in 5 years legally could perhaps afford to buy it outrightly in the first place so something doesn’t seem right

It’s a rigid system and it’s almost legally impossible to be smarter than the system, you can’t pay off a mortgage that was given to you for average 25 years. Why would the bank even want you to do that, it won’t make enough money on the deal hence why some banks even introduce an early repayment penalty

But like I said the value of this house in question especially now I know the repayment is £400 would
Get me the answers and conclusion I need

sukkot:
any night shift job is a dead end job. stacking shelves, security etc

Which takes us back to why they are stingy. Night shift job is usually minimum wage

doctors and nurses who do night shifts are doing dead end job? Network enegeers who keep the system running 24hrs are doing dead end jobs?

gladdensir:


I'm definitely in agreement with you. Uk is even far, the rate at which some Nigerians depends their lives on others working here in Nigeria is somewhat annoying. I have many of them disturbers on my ends too and they'd always feel like "isn't he working?". When I also have a lot of bills to settle from the mite I earn.

There are too many silly people bro and even young ones are into too. If the person disturbing you is still young, It's very simple bro, If you have enough to spare that month , give the person some (as long as it doesn't inconvenience you ). Then find a free course on simplilearn, freecodecamp or anywhere and ask him to take a course. Explain that they can get good money when they complete the course. So when next the person asks you for money , ask them how far about the course , you'll understand that many just want that free money

Dikastan:
What you wrote is nothing but the truth. I have two cousins living in the UK and they are stingy to a fault. They can never help but I am working hard to help myself

If you don't beg , how do you know they're stingy

You could have asked about the cost of the house and the LTV instead of saying it does not sound right.

Regarding not been able to pay off mortgage faster, it is not true. Circumstances change. For the bank to loan us more than ×5 of the loan we had on our first house for a second house. It should give you an idea that our situation is way better than 6 years ago. The deposit could pay off the remaining mortgage, not forgetting the stamp duty we had to pay on a 2nd home.

It shows that you can always change your situation.

You forgot to mention what working class in Nigeria can do that working class in UK cannot do.

I am just going to stop here and not comment further after this.

adonainana:


You didn’t mention the value of the house for which you did have the £400 mortgage repayments and the loan to value ratio the bank gave you ( LVR ) That figure would establish if £400 for a 3 bedroom seems just about right

The answer in the above paragraph would answer the question whether it will be possible to pay off a mortgage in 5 years as a bank by law can only lend you 4 times your salary . Your deposit thus acting as leverage as to the type of deal you are put on be it variable or a fixed interest rate etc etc

Most people that can pay off a mortgage in 5 years legally could perhaps afford to buy it outrightly in the first place so something doesn’t seem right

It’s a rigid system and it’s almost legally impossible to be smarter than the system, you can’t pay off a mortgage that was given to you for average 25 years. Why would the bank even want you to do that, it won’t make enough money on the deal hence why some banks even introduce an early repayment penalty

But like I said the value of this house in question especially now I know the repayment is £400 would
Get me the answers and conclusion I need

vengertime:
In my Local Government Area, nobody from the UK has broken the record by building a duplex.(upstairs)

Na always 3 bedroom portable bungalow

Unlike when you see the houses of people who are in America or other European countries like Germany it's always massive.

Big lies!...80% of my client were from abroad mostly UK





As a professional...I am not very sure I have build a burgalow for over a decade of practice..

dupyshoo:
I always wonder too as he claims he lived in the UK.

I don't think that the dude was in the UK legally, its beyond belief that nobody that have lived in the UK legally will reason like that

Mindlog:
And the writer, Osahon George Osayimwen still lives in the UK.

pls read well and understand the message

RECHMOND:
I have never liked UK, I know UK is not bad but it's not for hustling and even usa is not for hustling. Taxes go choke ur trout comot. Countries like Canada and Germany, even Australia are ur best bet for hustling bro

How can Canada, Germany and Australia be better for hustling than the US, pls stop talking about stuff you have limited knowledge about. Like people live in Canada and Germany tax free.

No matter any reasoning anybody was giving I we still japa to witness it myself b4 my own conclusion if to stay their or come back home. Though no place like home.

Exceed15:
I do not admire UK a bit. My dream place is Australia, Sweden or New Zealand. Baba God help me.

Correct man.mine na Australia, newzealand, Brazil.

justwise:


doctors and nurses who do night shifts are doing dead end job? Network enegeers who keep the system running 24hrs are doing dead end jobs?

most night jobs not all. try to be rational in your thinking.

just cuz we have elumelu and alakija and otedola and tinubu and adenuga in nigeria does not mean all nigerians are billionaires. just cuz we have 100 doctors out of 10000 nightshift workers doesnt mean the nightshift is not mostly minimum wage dead end. try to be a rational thinker if its not asking for too much from you

dupyshoo:
This is not true. I see a lot of people with their healthcare uniform coming to pick up their kids.

At my work, everyone block their calendar around that time as school run. So, meetings are usually not fixed at that time. Much more people are working from home now anyway.

the only point you are making is the bolded

7arrows:


But that's the best because it's a retirement home for them. How many rooms will they sleep in? Moreso when you are old you don't even go upstairs. Meaning the duplex will be a waste.

Error; climbing step is more or less only means of exercises for aged people as you hardly go out

sukkot:
most night jobs not all. try to be rational in your thinking.

just cuz we have elumelu and alakija and otedola and tinubu and adenuga in nigeria does not mean all nigerians are billionaires. just cuz we have 100 doctors out of 10000 nightshift workers doesnt mean the nightshift is not mostly minimum wage dead end. try to be a rational thinker if its not asking for too much from you

sukkot:
any night shift job is a dead end job. stacking shelves, security etc

Which takes us back to why they are stingy. Night shift job is usually minimum wage

the same person

justwise:
[b]

[b]

the same person

you get the point. now you are just splitting hairs because you have no argument

sukkot:
you get the point. now you are just splitting hairs because you have no argument

No i don't, you are all over the place.

AllenSpencer:
Been that way since the 80’s

UK people are “NATURALLY” stingy!

Rumors even has it that, Peter Obi learnt it from there.

justwise:


No i don't, [b] you are all over the place .

they call me UBIQUITOUS. am all over the place like MTN