₦airaland Forum

Ogonsbaba:
I haven't confirmed if Barclays bank offer the product. But please, how can I open a Lifetime ISA account? I bank with Lloyd's and Barclays bank. I'm not seeing anything related to Lifetime ISA in my bank apps. Thanks!

Raalsalghul:
Quick question: How does the government monitor this and makes sure that the money's not used for personal purposes?

Ogonsbaba:
Please, how can I open Lifetime ISA account with Barclay Bank?. Do i have to visit the bank physically or can I open the account with my bank app? And does it have deadlines that one is supposed to meet up with the £4000 to be eligible for the £1000 bonus?

ProfJYK:
What a journey so far.

lender rejected an extension, saying product has already been pulled off the market.

I called conveyancer after getting new offer at 5.38%. many unprintable words after, i couldnt log into the legal process portal. The evil lady deleted my case after wasting 7 month of my life and costing an extra 98 pounds monthly in the new offer

Estate Agent reached out, told her i no do again.

Viruses:
Been waiting to share this, wanted to have my keys first.

So after exactly 2 years in the UK, I got a house on a mortgage, new build.

Solumtoya:
Finally Completed, Keys in my hands.

Found the property in September and reserved. Completed in December.

Barclays 2 year fixed at 5.53%, 12% deposit and 2-year residence in UK.

God has been very kind.

Thanks to all for the beautiful contributions here and especially to Lexus and Ticha for reminding us this is doable and should be done.

Will share my lessons learnt ASAP.

Chreze:
Thanks. Really do appreciate.

I already have a LemFi account.

Thanks for the info’s.

👏

Chreze:
One follow up question, any idea if I can have some else (family with same last name) pay to the lemonade account or it has to be credited from my own account. I will assume it has to be from mine (same account name) as the crediting/transfer process will be an in-app process.

Yes both account names have to match.


And also, any idea the limit to convert from naira to pounds?

For Naira it is #3m daily, #10m weekly and #30m monthly.

Kindly use my referral link below if you are yet to open an account with them.

I use LemFi to send money. You get 10.00 GBP when you verify your account and send over 100.00 GBP with my referral link - https://referral.lemfi.com/invite/Brjx

Chreze:
1. Is buying pounds from lemonade smooth and easy?

Pretty much

2. Is there a limit to how much one can buy (daily or weekly).

Yes

3. What amount will go smooth to my UK account and frequency to avoid raising banking brows?

a figure that mirrors your regular account inflow/outflow, anything outside that will likely raise brows

4. Do you know of a better way to get money to UK from Naija (Naira)?

i) Classic trade by barter, no restrictions but riskier than lemonade.

ii)fund your GBP dorm account and request for a transfer from your bank in Nigeria to your UK bank. Cons: not very much competitive rate and high charges

5. What’s your general advice?

If going with option 4i above, ensure the name on the account you are paying naira into matches the one paying you £.

Pearlyfaze:
Do solicitors charge for having our deposit in LISA?

Yes

Also our insurance quote by the Mortgage advisor is huge. Circa 120 for a 25 year deal term and both of us are 40years old.

You can get quotes elsewhere and compare to ensure you are getting a good deal.

UniqueDext:
Am not able to check the HMO license as i dont know how to check that, i have tried through the council website but it's asking for details of the license which i dont have.

Ralphlauren:


Have you followed Ticha's advice regarding reporting to the council and checking if your landlady has a HMO licence (if the property meets HMO criteria)?

You need to inform the council ASAP. if she has the audacity to remove your door, the next thing she might do is cut off electricity or hot water supply.

She's a rouge landlord and needs to be taught a serious lesson.

https://www.london.gov.uk/rogue-landlord-checker

https://www.london.gov.uk/programmes-strategies/housing-and-land/improving-private-rented-sector/report-rogue-landlord-or-agent

Viruses:
Can mortgage be transferred from one lender to another? I.e one lender gave me 5%, few years down the line interest rate drops to 2%, can I port the mortgage to another lender or my lender can refuse that?

I'm asking for both during the fixed period and variable period.

Solumtoya:
You start paying Mortgage monthly instalments at Completion when you move in. However, unless the Developer allows you, you will typically be required to pay the deposit at Exchange of Contracts.

bigtt76:
Yes but I thought its optional to formally apply for a dependent despite adding him or her to the application?

I'm asking this because of the perceived restrictions on additional work time while on the skilled worker visa and also setting up a business compared to the post study work visa which kind of allow all of these without restrictions.

Thanks for your response though.

solveabode:
Thanks.
I can move to another lender after the fixed 2 years. The name is Foundation home loans.

koonbey:
On the subject of this 'ajo' thing, how is the order of disbursement usually determined?

I'd heard (back home) that's one of the things that usually causes issues.

lavida001:
Are you saying they won’t question individual transfers?

lavida001:
Quick question. “Esusu” and “ajo” gangs how do you guys go around sending the accumulated gatherings to each other in a way to prevent red flags from banks.

koonbey:
You can continue saving into your LISA and receiving the 25% (£1k) top up even after buying an house from it, until age 50.

https://www.ajbell.co.uk/faq/can-i-use-my-lifetime-isa-both-buying-my-first-home-and-retirement#

Peerielass:
Are you sure this is correct? As far as I know, he would continue to accrue the govt bonus if he continues to save in the LiSA until he’s 50 irrespective of whether he used some of the money to buy a house.

Lexusgs430:
But as you don buy house now, would LISA still be relevant......

Would your funds In a LISA, be invested on the stock market, or it's just simply savings.......

I received my NHS pension statement last year, Garri Ijebu wey soak for water, no fit swell reach am .......😂

Lexusgs430:
You also receive 25% on a SIPP account......😜🤣

kwakudtraveller:
I got a question and this is just out of curiosity as I no be student and I’m not trying to break any laws. All these Outside IR35 jobs that I see. They only pay to companies, so [b]does that mean that a student limited to 20hours can still do them [/b]since payment will be made to a company’s account and not their account. Or will the company’s name have to be under the name of the person doing the job? Curiosity wan kee me. Who get the answer to this question

Tolzeal:
Thanks for your contribution. At the bolded, do you mind explaining how you got an extra 4,000GBP if the withdrawal duration is just a year?

Is it with your partner or just you?

zeke100:
Good morning everyone and I must commend the good job each and everyone is doing on this platform.

I am a silent reader, following the thread religiously. I have few questions I'll be happy to get assistance on.

1. At what point is the house and life insurance important for mortgage.

2. It was mentioned/advised to shop for insurance personally instead of going with what the advisor suggested as it's more expensive, this I agreed on as the quote I received is more than what I am seeing in the market.

What's your take on critical illness cover in life insurance? (I know this is personal but I will be glad to hear one or two things from the family)

Thank you all

missjekyll:
Hi Everyone,
I ve been thinking about how to hit the sweet spot between paying just enough cash to eliminate the risk of negative equity ,reduce your monthly payments as much as possible and keeping as much of your cash as you dare?

Any thoughts? Anyone?

Thewritingnerd:
So I’m trying to open a traditional bank account (banks with physical locations that I can go to).

In the “Are you tax resident outside the UK” , what do I answer to? “Yes/no” ?

I’ve never made a tax payment in Nigeria before. I just get paid my salary and that’s all 🫠; I also asked my previous employer if he had any tax history I could maybe use since my salary apparently came with tax deductions, he said no (this one ehn 💀).

Anyways, any responses would be appreciated. Thank you. 🙏🏾

ukay2:
FINALLY....

Completed today with Halifax at 5.3% 2 years fixed with a 15% deposit...Kent, SE England...

....keys in my hand....

To God be the glory....

Thank you everyone for the journey...1st August 2023 to 27th October 2023....

@Lexusgs430, thank you for reminding me that..... RENT MONEY is DEAD Money.....

We all shall get into the property ladder sooner than we think....just keep working daily...

semmyk:
I've been away for long and might not be active or reading posts.
To all that reached out to me (@Ticha, @ LaXxOnebody and everyone that I have not mentioned,
Thanks, Merci, E see, Daulu, Nagode, Siyabonga, Enkosi

I pray that none of you will have LIFE happen to them. Especially the type that will take you to GROUND ZERO or almost ground ZERO

Well, I am hopeful. It is well; All will be well.
#KeepingWell #Restarting #StepbyStep

Thewritingnerd:
Also, please is this the website to go to if I want to book an appointment to get it done?

Viruses:
You seem to be looking at appreciation against Forex. Isolate property valuation from naira devaluation.

For instance, if a house was 1 million naira last year and this year it is 2 million naira, that is 100% appreciation. How much dollar was last year and this year is another story. Except such appreciation was as a result of currency devaluation in which case the appreciation is just an Illusion.