₦airaland Forum

Odunnu:
Hello Boyfriend

Tuxpera:
Justwise

Ahialolo:
Hi justwise, can you please review my post in the TEF thread and unban? I was giving a review of one of the tutors like someone asked. I think I used a French accent. Thanks 🙏🏾

studyless123:
That is a very limited view of deed restrictions, however you proved a point that a property can have deed restrictions that remain in place regardless of whether the mortgage is paid off.
So, even without a mortage, you may not be a landlord.

There are different types of Deed restrictions.

A deed restriction can limit you from renting out the property or making major structural modifications to the house.
Tell me where that is application in Nigeria if you're the landlord.

The point is
You've got limitations based on the mortgage contract
You got limitations based on the deed restrictions
A property can have deed restrictions while the mortgage is still being paid and removed after payment.

studyless123:
Good question.
There are often restrictions, called deed restrictions, that limit how you can use the land. This is contrary to the view that denotes unrestricted ownership of a property by expressing himself as the inglorious "Nigerian landlord".

mmsen:
It's clear that you don't know what you're talking about.

mmsen:
Even if I pretend that you are right none of that changus what I said about him having debt and not assets. Especially at a time when interest rates are higher now than a decade ago.

Alabidele45:
Hi boss pls quote me exactly how to address this
I’ll be applying at Ikeja
“To The Visa Office British High Commission’

Pls is it like that above

mmsen:
It also depends on credit history, which you have ignored. Someone who has only been in the UK three years barely has any. With minimal credit history you have less bargaining power.

mmsen:
Those are the terms of most mortgages.

And I hope he got a fixed interest rate although I doubt it considering he has very little credit history in the UK. Same for the car. I can only imagine that he has the worst interest rate imaginable.

bdon123:
ok mr Knowledge

NaijaReppin:
Wetin you know wey you dey talk. Oyinbo confuse you with the term “ownership” and you dey here dey speak English. I no dey to argue, if you no understand wetin I write go learn on your own.

What does making “the mortgage holder rich” (or poor) have to do with real property ownership, akowe?

Perceived ownership (dem allow you live for house wey you [[/i]i]dey pay for) and Real ownership (person wey actually get the house) are two different things.

Person name wey dey deed na im get house. You own the loan, bank own the house. Dem no dey drive home owner commot from his house. (as long as you pay taxes and association fees, if any)

When you pay off your mortgage or car then deed change to your name, until then na bank property wey dem de allow you use until you pay finish. Do mistake no pay, you go find out the true owner when dem tow your car or throwaway your load.

Wetin dey vex person pass na mumu Nigerians wey go dey try to shame other Nigerians - lack of financial education? No be your fault. Ode oshi.

NaijaReppin:
Congrats to the young man.

“Be careful what you wish for” na the life lesson for Naija ppl. All this “bring comparable mortgage deals” to Naija, it’s not as exciting as una dey think sey e be.

Na bank own house o, no joint ownership. If you never pay money finish, na bank get house. They no de argue that one, the deed of the house na bank name dey there.

If you miss enough payment, dem go drive you from house, that one na simple.

Foreclosed houses no dey mostly sell market rate, majority are priced to sell quick. The bank first objective na to recoup the outstanding loan balance, if balance remain then they go send check to the person wey been collect the initial loan. Then TAXES go slash most of that money. You go surprise.

The guy try as e take qualify (credit worthiness) for house and car under 3yrs, that one no easy. But now, nothing can go wrong. Responsibility don mature.

Mortgage loan na to owe Bank for 30yrs (unless you take shorter loan terms or pay am off quicker) plus every repair, insurance and taxes na your head e dey.

Plus car loan na around 7yrs (unless you pay am off sooner) + insurance + any repair

While for Naija, once you don build house na you get house. Once you buy motor, na you get motor. If your money no reach, you continue to plan but you no owe anybody father. Una dey underrate the peace of mind

People wey don already get house for Naija wey de go sell am to travel, or ppl wey dey collect better salary (1m, 2m, 3m a month) only to quit job to travel, na those ppl I dey fear but again you take your own risk.

Una never know thief or 419 until you reach that abroad wey you dey find. Because na broad day light, for your face dem go dey collect your money, dem no send anybody father.

bdon123:
U cannot sell d house till u complete d mortgage payment in 15 or watever yrs.Therefore ,its not yet ur house.

studyless123:
You're trying so hard to explain what's irrelevant.
bdon123 stated a fact and you went off-topic.
The individual doesn't own the house, the house can be foreclosed or repossessed if he doesn't meet the terms of the mortgage.
Such credit facilities are not available to most Nigerians so many of us would think it was bought outright.
It's true that he's a home owner but incorrect to state that he's a landlord.
We should be transparent with our achievements.

Alabidele45:
For study gap
Finish 2021
Got graduation cert 2022
Did Nysc from 2022 to august 2023
I’m adding my Nysc certificate
So just wanted to add one reference letter too should Incase

Alabidele45:
Thank you
I also asked a question above
If I want to get a reference from my work place for visa
Who should they indicate the reference is for
Or should they just use To Whom it may concern

bdon123:
I lived in d uk for 5 years n till date m mostly in d uk for like 3 months every year.I had a friend who wanted to buy a house n she had lived in d uk for like 20years .safe to say shes a permanent resident n even hav kids frm a Brits.She wanted to buy a house so we were both scouting n thats wen i heard her lawyer ask for British passport before they could consider her. Am not too sure how tins went on though.Mind u she wanted to pay £150k for d house not even mortgage

Alabidele45:
Thank you but sometimes it’s not easy to start reading all of the thread all over again …
The IHS and the visa ..is it on the same step or one comes before the other ..Also do you mean i would have upload all my necessary documents too before getting to the payment part ?

nlenq:
I've been told most students start with jobs like cleaning, care assistant, event assistants, kitchen porter, so that's all I've been doing too with different CVs tailored to the different roles.

Any word from you pls?

Alabidele45:
Pls can anyone pls explain on detail on how to make an application for student visa
The website ?
Are we going to make the IHS fee/visa payment before inputting our basic details and uploading our documents
And if someone wants to use their card to make payment for me
Will you have to give them your login details to be able to make the payment
Pls someone pls explain all this ??🙏🏽🙏🏽🙏🏽

nlenq:
Good day my people,

I hope you're all well.

I'm 4 weeks in the UK already and still struggling to get a job. I've applied with different CVs to different jobs but I still haven't landed any.

Pls help me with any tips you know can help.

mmsen:
He has debt. He did not pay cash for that car or the house. He will spend the next three decades paying for that house and the next four years paying for that car.

Zahra29:
I 💯 support a reform. I've stated a few times that many universities are operating as business centres, focused on making as much profit as possible, chancellors getting paid handsome sums, while the market value of many of their degrees is not worth the student debt incurred.

On LBC yesterday, a number of young graduates called in to share their experiences post graduation. Many have struggled to find a decent job despite getting good grades. Some lamented that they had been sold a lie and if they had known better they would have made different choices such as a degree apprenticeship or skipping university altogether and going straight into work/business.

Many universities need to become more competitive to attract both home and international students. Unfortunately some will have to downsize (tbh a number of universities over-expanded in the boom period post COVID),or even close down, if they are not able to survive without the over reliance on immigration from India and Nigeria. Reality is with the current exchange rates, they would struggle to recruit enough students from both countries unless they offer huge discounts.
Many businesses are unfortunately having to make significant adjustments in the recent downturn, I think some universities will have to do the same .

babajeje123:
That course closure is real. Wify couldn't do her Msc Financial Mathematics at Middlesex, she was advised to do Data Science which we declined.

Lexusgs430:
This issue is going to get worse....... You can only increase the fees, so much..... Before it starts becoming unreasonable/home students refuse to be extorted......

I have attended 4 graduation ceremonies, in the last week..... I would tell you, 95% of the names called were Nigerian names........ 😁

Some universities, would be going bust...... 🤣

cashmyles:
Start date- 05 JAN '25
End date- 13 JAN '26

cashmyles:
I don't know if I'm getting the IHS calculation right. My course is for 13 months. I calculated my IHS as follows;

IHS - (776+388)£ = 1164£
Is this the right way to go about it?

Zahra29:
Lol I'm breathing great. Unlike some,I was bracing myself for Trump 2.0 so I'm not shocked at all.

On a serious note, Trump's new border tsar sounds ruthless, Elon and Vivek are going to make sweeping cuts to their civil service, Obamacare might not survive or might get slashed to bare bone, tariffs might end up pushing prices of consumer goods sky high while the rich get even richer, and the country is likely to become even more divided. I'm thankful as always that I don't live in the US.

missjekyll:
Oh my God.

Matt Gaetz to be attorney General of the United States.

Am I f***ing dreaming?!

EGBAMI O! ANWUOLA MU O! Jesus I thank you that I chose the UK all those years ago. It was a toss up and I nearly chose the US but I changed my mind. Thank the Universe for me Ooooo!