₦airaland Forum

Lexusgs430:
It seems the fish is actually not dulling.............

lol...the car is literally around every corner....Guess all the losers buying it are in for a shocker

wonlasewonimi:
The way you are repeating it in every post, I won't be surprised if you say it on the bus.

I don't use the bus

DisGuy:
Absent mindedly....i've said chinko whilst on the phone in a chinese take away b4 my brain reset good thing i wasnt sitting to order food

Anyway, i never use synonyms with describing foreigners typically. I only used the term as a shorthand as I was replying a comment in between a short break

wonlasewonimi:
It's true o before you go and say it at work

is that how you guys say nigga at work, so y will i say Paki at work?!

Rubyventures:
You ordered a lamb kebab and you got one.... Also for you information "Paki" is a derogatory word for an Asian, just as Nigger is to blacks.

what about pako?

Do they sell Nigeria style shawarma here in uk...Tried this silly wraps once in Reading, thought it was like shawarma, they use lamb for the meat and served it in a flat wrap of bread....Tasted awful....think it was a Paki shop, how do i get that 9ja style shawarma ?

cuteguy201:
Lol, when next you're in Naija, since I feel you have a liking for Surulere, try Yakoyo rather than Amala Shitta, and Commint Buka rather than Bank Olemoh Designer Rice. Ghana High Jollof is still okay. Thank me later.

Is it that dirty Ghana high in Lagos Island you people are highing like this?!.... Even Paul & Paul opp Hotel Lawa is far far better in Lagos Island.... If you want unmemorable tongue thrills, you can also try the chinese restaurant in mega plaza and Four points fried rice is also on point. Please, nobody should mention Ghana high again!

wonlasewonimi:
Amala shitta
Ghana high jollof
Bank olemoh designer rice

Ghana high?!! You should go to The Sun hotel Ikoyi for correct buffet... 10k eat till you drop. Mostly on Sundays I think.

LagosismyHome:
Not a misconception... many have been declined

the misconception is that you must have ILR before getting a mortgage. The fact people were declined doesn't affirm the misnoma. People just need to be informed. The truth is people aren't denied. If you have a visa... Most lenders demand more deposit due to risk, so technically, it's not that they are not giving them... Why will you borrow someone on 1yr visa 300k over 30yrs! What if he goes back to his country... I use to have that misconception too, till I got the right information

LagosismyHome:
Surprise you were able to get a mortage after just 2+ in this country especially with a 5% . I thought most banks only do mortage after ILR?

That was a very good one then

A common misconception. Many of my colleagues have gotten even after 1 Yr!

jedisco:
Yeah. Something must chop a mand money.

One more question... About your house, did you use the help to buy/lifetime ISA? - not so sure about the name. But it's a government program than gives 25% bonus on what you save that can only be channelled to buying your first house or retirement savings

no i deposited 5% halifax

jedisco:
Different strokes... But what doesn't make sense to me is getting a loan to buy a car.

How many years had u been in the UK before applying?

2yrs +... It doesn't make sense... But its a matter of taste, security and value

wonlasewonimi:
I can give you a loan at 6% per month. If you don't repay, I use rudimentary methods to get my money back. Your ankles and hammer tinz... You game?

How does that get you your money back, are you dealing human parts?

fatima04:
FYI, just remembered HSBC may sometimes ask for the length of your Visa to determine the length of your repayment.

I was asked for that and then the interest rate became 16.9% and na so I carry my slippers for head and run comot

Boy o boy, got my 1st loan before i even clicked Accept....so here i was thinking, maybe i should have asked for more sef.... , so i did, and asked for top-up of 6k extra to the 10k i was given. and repayment over 4yrs instead of initial 3yrs....Lol, that's how this people started asking for documentation, ID and visa of 5yrs! Lol, i only needed it for the car anyway, so i just borrowed from friends and somehow put the debts on 0% credit cards.

jedisco:
Lol...
I've taken note.

Can you tell me more about your experience after getting it and how you applied for yours?
In as much as I appreciate your worry with regards mounting debt, I believe I should be able to manage it without untoward effects. If I get burnt in the process, then I would have learnt from it.

After my mortgage, i was down to ground zero, like i was when i first moved to UK and just decided to trial getting the bank loan as i had heard it was better APR than credit cards.I got it without a fuss and really wasn't sure if i really need it, so i added a little more and changed my car. so its up to you at end of day if you want to drink garri or eat frankie and bennys at will

Lexusgs430:
Till you require home improvements, quick cash, rẹ-mortgage another car etc etc etc

done

Lexusgs430:
Just him or him and his 4?.....

Collect cash rents and don't issue receipts............

just him, for few days a week

Lexusgs430:
Difference been, you have already built up a credit history profile..........

yes, i don't really care about my credit rating now sha, as i have my mortgage

Please i need help, i am taking in a lodger and just wondering, since i am doing it informally, how can i protect myself informally!....idon't want to make any legal or bureaucratic processes because the house is a mortgage, and i dont want the bank to know.The prospective tenant looks like a responsible father of 4

Lexusgs430:
If you get that 3%, i would eat my pant.......... Apply and feed us back.......

lol.....thats how i got my offer....on 10...i am paying 11,5k over 3yrs....which is ok,but i did one better, and added credit card debt......so now i am living tightly and still looking at my car that maybe i can sell it to bail myself

jedisco:
Thanks. That might be my backup option. But I still don't really get it. Do you know if HSBC CC have that option or would I have to get a intermediary card?

I was really attracted to the 3.3% loan which would have made good sense to me. Say I take a 10k loan at that rate and space out the repayment over 4 years, I'd repay in total about 10.6k. Extra 675 which doesn't seem bad considering the time involved.
But then, it seems the rate varies and the main issue is not getting the loan but getting a good rate. I may give it a few more months, try and build my credit score in the little way I can and apply to see the rate I'm offered.
I read somewhere that since that's the advertised rate, they're legally bound to offer that rate to at least 50% of customers. If this is true, then hope to make the cut.

The rate might be higher than 3.3%....its just a venus flytrap to get you hooked on the nectar! Are you sure you can repay the loan too....from experience, thats how i started living hand to mouth oh!!! from, shebi its only £10.6k!....Beware....do your maths over and over again.....4yrs is not beans

jedisco:
Sounds confusing... But I'd check it up. Thanks

use a 0% cash transfer card and send to your UK debit account. Then you can send to Nigeria. However is your Nigeria investment making enough profit to offset your credit card bills!

jedisco:
Good insight.
I didn't quite get the last sentence. What does brw 30 and 50% mean?

Also, how about opening another bank account and running both concurrently? I think that would sure help get the best deals both have to offer. Any experience with this?

she means don't spend more than 30 to 50% of your total credit card limit. And yes you can have 1, 2, or 3 credit cards....if you can discipline yourself. After sometime, they will all start chasing you. But everytime you accept one your credit rating drops

Spending more than 30 to 50% doesn't affect ur credit rating positively, it tells creditors you are in financial distress,making them more skeptical about borrowing you money, because they feel you will default. But if it is like 5 to 15% of the credit limit, it tells them, this guy dey alright, he just wants to hold this card for at all at all na hin bad pass

Not advising one jumps into these debts to be honest, but if you do find yourself in debt, this is a way to manage it. I'd rather not be in this boat, just navigating it with these credit card lifelines

there's also 0% cash transfer....barclays

Bourne007:
You are mixing up 0% balance transfer with 0% purchase

got a card with both...halifax

jedisco:
Same thing I'm trying to do... Channel all my spending thru my CC and review them at months end so I can keep track of my finances.
What's the 0% balance transfer about.

you don't pay interest for like some months....sometimes upto 2yrs....giving you time to pay off your debts....the banks make money with the hope that after that 2yrs, you are still owing money and then you start paying them interest. but you pay a transfer fee or transaction fee of maybe 1.5- 3 or 4%

jedisco:
That's interesting... Never thought of that. And I was already making plans.. The thing is that I need the bulk sum. Do you know any bank that offers good true rates for new entrants? Also switching to another bank just after two months may not avail me such opportunity as yours. Also, I heard it goes into your record once you apply (even if its rejected) and thus may affect your credit rating in the future.

Except if you are planning on getting a mortgage, your credit score will bounce right up....The only thing that significantly imparts it is if you miss a payment....I think i have like 4 now and about 19k credit limit....Credit is really life-saving.....now i am learning how to manage the debt with this thing they call 0% balance transfer

nomad26:
It shouldn't affect your ILR application. Bank loan has nothing to do with Immigration.

One thing to note sha is that just because they told you 3.3% doesn't mean that they will offer you that rate. It is only after you apply, that they will tell you the true rate. Last year, I applied for HSBC loan of 10k after seeing the same 3.3% on their website, however they offered me a rate of 10.5% even though I have a good credit score and had been in the UK just over a year at the time. I told them no thanks and instead got a Barclays 0% credit card (balance transfer and purchases) for 28months with 11k credit limit.

I really must say before i forget. this is very good information!...when i first came to the UK,i had this big brother who was also giving me some finance advice. However, i seem to have caught on quite swiftly than he might have thought. For example i got my mortgage 2yrs after being in the UK. This bros, even though he might have had resources to assist financially( and when i say this, i'm not implying i needed it, but even for little things you would expect from someone playing your big brother!), not that i asked him, didn't lift a finger to help. It made me wonder if he wasn't just showing off with his advice. So bad it was, when i had my baby, i had to beg him to come say hello to me even though we live in the same town, and he only gave me £20 gift for my baby, with some miserable £5 notes....i was quite disappointed. Because always held him in high regards. Anyway, for those of us here giving tips, its very generous to spare your time and kudos.

Food for thought, all the Nigerian secrecy about salaries, living expenses, license plate number hiding, and other funny secrecies we tend to hide....are we being too overcautious??

dustydee:
I live in the village.

garri cake then?

kaad:
having spent £7 (cheapest Barber around) for Christmas hair cut for my son and he didn't look better after I just decide to DIY. My son has his hair cut every other weekend and be looking fresh for days. I can't deal with these overated barbers...

Another skill I need to acquire is cake baking. the quotes I'm getting for my son's birthday is costing an arm and a leg

I'd love to insure my own car