₦airaland Forum

DubbieLala:
Hi guys, I really need some help here. My husband and I are buying a property and we put down 15% deposit which is in our LISA over the years. My husband recently joined my AJO group in June and used his main bank account to receive the deposits. I honestly had no idea that it could cause a big issue. We were nearly closing in on the deal when one of the conveyancers noticed it in his statement and they decided to stop acting on our behalf because it is too high risk. Please can someone here share sample documents that they have used for due diligence for these AJO cases in their own sale contract so we can present to them or our subsequent lawyers. TIA

According to the popular parlance "you go explain explain tire, no evidence"
On a serious note, Some solicitors are in tune with this Ajo or contribution arrangements. My advice would be to shop for another solicitor and make them aware upfront that you have this in your statement and allow them make the decision to either take up your case or reject it . I have folks who used same and was clearly referenced as contribution in their statements. It's a bridge, you will soon cross it. Good luck!

AnonymousAdmin:
Thank you all for your advice and contributions. We got a review of our rate to 4.25 and we got our keys today! 😊

All glory to God!

Big congratulations to you!

What constitute a review in your case ?
Was there need for resubmission of required documents or it's just the MA doing their thing and asking Barclays for a review?

luqken:
Please my people, can I travel to the UK with Nigerian passport close to expiration (less than 6 months).
BA says it's no problem but I should confirm from the embassy.
I don't know if our Nigerians in the BA check in desk will not be overzealous and allow it fly

If it's a V V, the global aviation knowledge is that of more than 6 months before expiry.

PrettyPacy:
The broker closed the first application and we went with the 2nd application. And no it did not affect the other application.

👍

elengine:
Really. I can clearly see your line of thoughts. The seaport in South south is deliberately not developed to keep Lagos developing. Wow. This appears like the usual beer parlour talks and I never imagined we could go this low on this platform. Haaa. So who are the people behind this conspiracy of failure to develop seaport in south south. Is it all the former military head of states, including Aguiyi Ironsi, Babangida, Obasanjo etc? Or should we point finger to elected presidents like Jonathan who is obviously from south south? The above sentiment is not based on any fact but a mere fallacy that is influenced by too much alcohol.

Secondly, there is nothing like we all develop a place. Lagos was merely a stench and dustbin after federal capital was relocated to Abuja. There are vidoe clips that evidence this claim. It is normal for people to pay tax while carrying out their day to day work in a place, just like we do here in the youkay. And we won't say we all develop UK. You have only performed your civil duty as a residents but you guys keep sounding like you donated money to develop Lagos. While your governors are busy spending money on what is not necessary, Lagos is spending its money on infrastructure with some level of consistency in governance. Is it you that advised Tinubu to rethink revenue generation? Were you the one that developed blue print they have been following since 1999? Tomorrow now, you will say the fastest train Lagos is as a result of being a former capital 😀 Normally I should not engage in this kind of conversation but I can't just help. I'm sure people like you do not even know that where we call Lagos today is not the same Lagos of federal capital. Only about 40% of today's Lagos was the federal capital. Lagos has always been at advantaged position because of its nearness to water and strategic location. We have always had everything first in Lagos and even before almagation in 1914, Lagos had already witnessed development and there are impeccable evidence to this. Let us stop all these beer parlour theories please. My prayer is that when Obi or Jonathan return to power, you guys should advise him to dredge south south seaport further so we dont have to continue to have this conversation.

There are reasons why coastal cities world over experience geometric development compared to landlocked cities. The NYC is a ready example

jedisco:
I'm due a remortgage late Nov. Hoping on another cut before then. The bond market chaos hasn't helped but with the Fed cutting rates, hopefully, BOE follows suit

Hopefully. Fingers crossed

[quote author=Meogom post=135641396]Hello guys.
Trying to choose wilhich rate to go with
The options from Barclays are
1) 4.84% for 2ys fixed without product fee
2) 4.67% for 2yrs fixed with product fee of £900
3) 4.67% for 5yrs fixed with product fee of £900.

My mortgage advisor suggests we should go with the first option, as she's positive we can
get better rates in 2years.


This is coming in a bit late, but for others in same dilemma, the one with product fee and a lower interest is always better. It's now up to you, if you want 2 or 5 yrs fixed

jedisco:
A bit annoyed. Was hoping on a drop. Perhaps, the next

Annoyed, really?
I expected it sha, as analysts pointed in that direction. They just being cautious as per inflation is 3.8%. Next meeting in early November, I also foresee a cut to take into 2026

PrettyPacy:
It has been confirmed there was a duplicate application.
Thank you

Hi,
Hope you don't mind giving details how you navigated this ? Hope the closed application didn't affect the other one?

BoE set to maintain it's rate @ 4%, a trend that could go on till early 2026, according to analysts.
Never been this interested in interest rates.

Controlv:
@AlphaUno 5% is indeed high as long as there's no adverse report (missed payment etc) on your credit file.

I'm also in the market at the moment; 3.5 yrs in the UK with 4yrs left on work visa.

1st MA recommended by a friend wants 1% of the loan in fees; I simply walked away.

Asked copilot for recommendations and found MAs with plenty of 5* google reviews near me. Booked a physical appointment with one and it's been good so far.

The MA found us a deal last week with Barclays; 4.47%, 2 years fixed with 899 fees and 10% deposit. I'll request to compare another deal without a product fee when we find a property and ready to apply.

I would look for another MA in this situation and definitely shop for insurance quotes myself.

That's the way to go!

My initial concern was getting AIPs all over the place but an expert I spoke with this evening confirmed it isn't much of a big deal seeking different opinions - AIPs.
I already got an appointment with L & C and Barclays. Fingers crossed.

Update :
The MA got in touch this afternoon with another 'crazy' rate from a totally different lender, 5.57%, I just left his mail on read and proceeded to aggressively shop around myself. 🤣🤣

Goodenoch:
Firstly and most crucially, that rate is higher than what you can get elsewhere eg Barclays.

Secondly, £269 is absurdly high for insurances (I'm assuming this includes life and income protection and critical illness - all reduing cover?). Analyse which one you'll really need e.g. you may not need income protection depending on what the sickness absence policy is where you work. You may also not need life insurance. Even if you do, you wil ALWAYS get a better deal by yourself. Start from the comparison websites.

Also, how come your MA chose a term for you? That's odd. Normally they would discuss with you and let you decide.

Given your profile, I'm not sure why Barclays would refuse you. I've just looked at their criteria and there's no restriction on people on visas in terms of new build or not as far as I can see (I'm not a expert so I may well be missing something).

In any case, what you should do is get another MA. This is too big a decision for you to stay with an advisor whom you're not sure is working in your best interests, out of politeness or whatever. The first mistake was in engaging the MA recommended by your seller but you can still remedy that by getting another advisor to doube-check[b] whether you can get from a Barclays or [/b]somewhere else with a lower rate.

You have spoken well.

I accepted the developer's recommendation because some of them do have their own panel of brokers and solicitors they work with which might not include the broker or solicitor, one is coming with.
It wasn't as if he chose for us. I was initially given a tentative rate of 5.49% with excuses like no ILR, work visa and length of stay but I kept rejecting, till he said he'd found something in the region of 5% after rejection from Barclays. I grudgingly accepted, knowing that it was still too high.

They gave an excuse that Barclays wants more length of stay or 15% deposit.

Someone close to me, with same situation but different credit score/report got a rate of 4.74% from Barclays four months ago - when base rate was still 4.25% -
So, I kept wondering with the base rate reduction, how come mine is still high up there.
Initially, I thought, the high rate I was getting might be due to credit ish but after the telephone conversation with the MA especially on the insurance, I began to doubt all what I was told earlier and if he has my interest at heart.

I'm still trying to find out more and get more opinions especially from MAs

When asked if they are tied to lenders, they said they are a whole market brokerage firm - which I doubt.

NB
The insurance covers
Joint life and critical illness includes the children critical illness and joint income benefits.

Hello house,

Property type New build (semi detached)
Deposit 10%
Term 24 years
Rate 5%
Work visa Less than 5 years more
Length of stay : Close to 4 years.
Lender : Principality

Back story : MA with RSC said we got refused by Barclays - they want 15% deposit - and one other lender.
- Something tells me MA doesn't have my interest @ heart ,as they were introduced by developer.
- I researched and found lender has a 4.98% rate with £1,350 product fee and 5 years fixed but MA chose 5% rate with 2 years fixed for us.
- Got us a £269/m full coverage Insurance
- with BOE's base rate @ 4%, I know 5% is high but my credit score / report is reading fair on Experian.

Questions
Anyone has any review on RSC ?

Can I get a better deal in mortgage rate (4.5% preferably) and lower insurance premium?

Any recommendations as per MA ?

Estroller:
https://www.nairaland.com/7534564/living-uk-propertymortgage-related/72

👍

Any one knows the UK mortgage thread on NL ?

mex551:
. Wrong thread. But I used Bishopgate. Very professional. Even when the first property fell through , and went for the second one , the only extra charges were just the one expended on searches. Their reviews are also good.

If you care to say it on here, you mind sharing why the bolded didn't go through?

I'm presently getting a pretty high rate of over 5% from RSC, even when Bank of England's rate is getting lower.
Any in-house review of RSC?

kode12:
You start paying when you switch visas. As long as you're still withing your student visa period you're good. You'll have to go back to the council to revise the bill as you're not affected until February of next year, unless you switch visas earlier.

Is this applicable to students without dependants alone or students with dependants. As some councils argue that students with dependants only have 25% reductions.

Focus99:
Goodmorning guys.

Please and please I really need help. I will be coming in 15days time and I'm yet to get an accomodation do not see this post and look away. I have been on this search since June. If you have a spare room or know someone that do have in either Brighton, Croydon, Kent or Portsmouth refer me. I will be coming with my partner.

Shuuu people go get money nor see house rent I tire oh

Welcome to the Western world.

Omoooh!

Every time I try catching up, before blinking, pages have rolled by 🤣🤣

If you are a new immigrant with NO RECOURSE TO PUBLIC FUNDS, and cost of living is getting to you, there are many ways you can get help without flouting your visa rules.



- Visit Churches close to you and speak with officials and they give out foods weekly to members and first-timers eg Catholic, Winners etc
- Food banks run by charity orgs are scattered all over your local areas, Google and you ll see dates and times they give out vouchers that you can redeem to get food.
- Check out Food to go app
- Check out Gov dot uk for extensive lists of help available to your household
- Help from your local councils. Once you let them know that you have NRTPF, they will let you know the scheme you qualify for.

No one is left out, especially if you work and have NI and you have children,

Viruses:
Do you still want and what rate are you looking at?

Thanks, fastman already slid in the DM 👍

AlakeOfEngland:
Yeah, I have a good rate. I sent you a PM.

Oh! Thanks I already got one

I got ££ and need some Naira, anyone nice rate 94 available?

harddrive2012:
I beg I Dey Scotland o and I’m yet to get any job for like 5 weeks here now. I’m in Airdrie, less than 30 minutes to Glasgow. Please if you or anyone have any hint to give me make I just get something doing too. Otisumi

Text or send a WhatsApp to this number for flexible hours job opportunities

+44 7990 550781

Akorkor:
Hi, not sure about what you need but if it’s visa application , you can call them that you have your travel ticket and you need a schedule appointment. Last year, I called London office with my plane ticket at hand and they got me an appointment at Edinburgh. Please note that on their website they mentioned if you have tickets booked, you can call them.

Thanks.
Yes, I did call them but not London office.

meljoe:
Italy has date now in london , 3rd of April . You can quickly take the appointment if you want

Thanks, been busy since.
Will try and see what happens

erico2k2:
Oh Ok I thought you meant Nigeria

No.

👍

MichaelUde:
There's nothing you can do, apart from to dey continue dey check the website to see if person go cancel release slot or if you can, shift your waka.
I know the ones in England are crowded, it used to be war in Manchester, and even here in Edinburgh dem don reach mid-June already (I just booked).
I got a visa early 2022 and after that experience, I now planned 6 months ahead for this one.

Wow! Never knew.
Movement was slated for mid May. Will have to cancel hotel bookings then and also go read up on Ryanair’s refund policy if any.

Will definitely plan much more ahead next time.

erico2k2:
if you are on ground you can go to the office and chat to them vendors that photocopy, they know a thing or two about that which you seek. Personal experience here.

I meant TLS here in UK that handles French visa with offices in Edinburgh, London and Manchester.

Morning good people,

Please Is there a hack for getting appointment @ TLS UK?
Been looking out for dates for close to 4 weeks now but unavailable.

hustla:
I think France

Getting the visa might be easy but right now booking an appointment is the hardest and there is no walk-in with TLS UK.
Summer holiday ish I guess.

Odedenshi1:
It is shocking to be honest.

Very shocking!
Those hypocrites. We see the wayward, vapes holding and disrespectful teenagers they raise.