slimanyd:


Good morning boss. Can a new immigrants attempt to buy a house without any authority rasing high brow and when do you suggest such worker to do it after entering and what does such worker needs.

Check out the UK Mortgage thread on Nairaland: https://www.nairaland.com/7534564/living-uk-propertymortgage-related

gergemam:
Lexusgs430

Abeg Tier 4 fit buy house..

Deposit dey... If the house nah £150,000.00 - £200,000.00

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

Best place to ask..

While a Tier 4 can in theory buy a house, I don't think it's practical. Firstly, you'd hardly find a lender and if you do, amongst many other demands, they will require 25% or even much higher deposit. Tier 4 is a temporary visa, I'd advise changing status first. There are so mylany other issues too. If you get a £150k house, it would be in a location that uou may not intend to stay for long after your visa expiration or you end up with an apartment with a short lease!

Solumtoya:


Depends on location. For those working in London, and want to live in a place within 1 hour drive from London in Bedford, Milton Keynes, Reading or any neighbouring City, one may be looking at houses of about £300k so raising about £35k might not be as easy as those in Cities with houses of less than £200k and need just £20k or even less.

If you join an osusu group of 20 people, @ £500 per month.........

Let's assume you pack last, you would be collecting £10K .......

£10K parked....... Repeat process, another £10K parked in 40 month's (not touching your collection).....

In 60 month's, £30K parked....... Source extra funds for conveyancing, survey etc etc ........

And if it's a couple combining resources...... EVEN EASIER......

NEVER SAY NEVER.......😂🤣😜🔒🔐

NO PAIN ..... NO GAIN.....

EJIOGBENIMI:
I need some clarifications pls.
I’m using “pay as you go” card for gas, for the heating system and the kitchen in my apartment. I recharge about £250 monthly.
We are trying to cut costs, so we just bought 2 portable heaters, to heat up the rooms only, to supplement the gas. Our electricity bill is estimated bill, fixed at £105 per month.
We tend to use the portable heaters a lot.
I’m just wondering if we will be charged higher on our electricity. I’m getting conflicting responses from guys here. Some said that I’ll pay the excess at the end of the year while some said that I won’t.
2) I’ve been trying to buy car. I live in a suburb in the far northwest England, so I couldn’t explore much on fb marketplace and private sellers nearby.
Is it safe to buy on auto trader? How reliable are diesel cars? They seem to be cheaper.

1. Yes, your electricity bill will be reviewed periodically (like every 6 months) and if they notice increase in usage, your estimated bill will go up and vice versa.

2. Auto trader is safe but like every other online or physical purchase in UK or Nigeria, you have to be very cautious!

Bourne007:
Some lenders offer 5% deposit if you wanna explore that option.

I'm in the market now, and for a fresh immigrant, this is not as easy. In fact, most offer 25% if you've been here less than 2 years.

She can apply for herself and dependents using her 6 months bank statement. Did you all come into the U.K. together?





quote author=bluebella post=122025135]Good day elders,
Please for those that have applied for IHS refund.
My spouse has worked in the Health care industry for the past one year and about to apply for the IHS refund.
Can she include the children as well? (knowing that the children dont have payslips to show)?


Thanks in advance for the responses
[/quote]

slimanyd:


Lol. Another process . When I discover the loopholes in the cheating I read above about someone paying such amount monthly and the monthly mortgage paid by the real owner sef monthly no reach half of what tenants are paying. Its real dead money o. It pays to kuku pay 600£ monthly for 15 years than to give this useless LL the opportunity to dey rip person nah.

What exactly made a landlord useless??

That he saw ahead and bought his own house??


We should be beautiful with words I would say.

Lexusgs430:


If you join an osusu group of 20 people, @ £500 per month.........

Let's assume you pack last, you would be collecting £10K .......

£10K parked....... Repeat process, another £10K parked in 40 month's (not touching your collection).....

In 60 month's, £30K parked....... Source extra funds for conveyancing, survey etc etc ........

And if it's a couple combining resources...... EVEN EASIER......

NEVER SAY NEVER.......😂🤣😜🔒🔐

NO PAIN ..... NO GAIN.....

Oh, didn't know you were referring to 60-month plan o! By 60 months, ILR fee don jam the person!
Family of 6 dey pay £14k+ for ILR

Anyway, 60 months is very feasible. Most folks are looking for a formula to raise it within a year or two cos of the pressure of "dead money" and I'd say it's doable but you're not struggling alone, we are in this together even Citizens so no too pressure yourself, just do your best.

N.B: I wish I can find esusu people sef. How person wan find 20 "Trusted" people. A friend requested I join one recently. He's been searching for a 4th person since!

Solumtoya:


Oh, didn't know you were referring to 60-month plan o! By 60 months, ILR fee don jam the person!
Family of 6 dey pay £14k+ for ILR

Anyway, 60 months is very feasible. Most folks are looking for a formula to raise it within a year or two cos of the pressure of "dead money" and I'd say it's doable but you're not struggling alone, we are in this together even Citizens so no too pressure yourself, just do your best.

N.B: I wish I can find esusu people sef. How person wan find 20 "Trusted" people. A friend requested I join one recently. He's been searching for a 4th person since!

That ILR tax is the problem...... It sucks people's savings with an exhaust pipe.........🤣😜

Lexusgs430:



Sell your 6a and hunt a decent 7 series on eBay.......

hmm

thks!

Following the discussion that rent money is dead money, I have seen some comments callling LLs useless and all sorts which is quite sad.

The call to get into the property ladder ASAP I believe is to motivate and encourage those that have not started thinking about it or those that thinks it is impossible to have a change of heart. That should not in any way undermine any landlord in the property business just like every other businesses making money out there.

There is no under bridge to stay pending when we get our own houses so the landlords too play a role here; so quit the name calling. Don't paint it like LLs are a set of evil people doing their best to strangle tenants finances.

When people define salary as the money your employer pay you to forget your dreams, they forget that you need that salary to pursue your dreams.

Lexusgs430:


Point of correction, do you mind ....... 😂😁 28 years ago at a stretch + 3 years = 31 years in total.......🤣😁😜

Wahala 😁

I'm still waiting for the day that one post will annoy you so that I'll see how you'll react.

Viruses:
Following the discussion that rent money is dead money, I have seen some comments callling LLs useless and all sorts which is quite sad.

The call to get into the property ladder ASAP I believe is to motivate and encourage those that have not started thinking about it or those that thinks it is impossible to have a change of heart. That should not in any way undermine any landlord in the property business just like every other businesses making money out there.

There is no under bridge to stay pending when we get our own houses so the landlords too play a role here; so quit the name calling. Don't paint it like LLs are a set of evil people doing their best to strangle tenants finances.

When people define salary as the money your employer pay you to forget your dreams, they forget that you need that salary to pursue your dreams.

It's nice to always have a banter ........ A time existed, when I never wanted to buy a property in the UK ......

Once I had a recalibration, I climbed the ladders sharply......😂😜

Viruses:


Wahala 😁

I'm still waiting for the day that one post will annoy you so that I'll see how you'll react.

Water no get enemy........🤠

rinzylee:



What exactly made a landlord useless??

That he saw ahead and bought his own house??


We should be beautiful with words I would say.

Lol. Baba LL don vex for me

MichaelUde:


Rent money is dead money for those wey get money for deposit and the residence status to buy house.
Given current prices and all the wahala, that excludes many people, even those wey be native Brits.

For many people wey just move here carrying their 3 pikins at the age of 45, buying a house fit no work for them yet because before you stabilise it might take a while and saving a deposit of 25% no be easy thing depending on how much you earn and where you dey plan buy house.

Quite a lot of these landlords bought these houses as ex-council houses in the 80s. Interest rates were indeed very high then, up to 15%, but the houses themselves were very cheap, such that almost everyone could afford to buy a house on one salary, with the man working and the woman raising the children, like it used to be in Naija. Now these days, even with most families having two incomes, house prices are so high that to see deposit na war.

Like everything else in life, everybody path go dey different. The amount of squeezing oneself and tightening belt beyond all the holes wey malam fit put inside the leather is a whole lot unless you dey somewhere were prices are low-ish, but those places are usually not where the jobs are. If you wan buy house for Jigawa, price cheap, but work no dey there. If you wan buy house for Lagos, price no be here, but na there work dey and you fit grow your career.

Buying houses outside areas commutable to such places also ties you down. If you buy house for Jigawa, live there for 1 years, come see better work for Abuja, how you wan go take am? You can only rent out a house on a residential mortgage for a limited period.

Demonising landlords is not helpful. Landlords too na human beings, no be all of them dey exploit. Some are paying interest only mortgages (which is why that money might be low), some too worked their arses off to save deposits and buy houses, so all na their own profit too. I own property in Nigeria. I buy the land for cash after saving from my pay, and took a loan from my bank to add to the money to build the house, which I built over time as salary worker wey I be. With all the yawa wey dey Naija, some of my tenants asked for consideration, come dey pay me rent in instalments sotay I fit see rent in 6 or 7 pieces. I evicted no one, still dey service my loan dey go. Some landlords are lousy, some are not.

And looking at the money spent on housing as a loss no be the best way to look at things. Person get to spend money on services, so you go spend money on transport, that one na money for Lothian Buses or ScotRail pocket, and e don go. You spend money on food, you go shit am out, and e don go too. As a new immigrant without a 25% deposit or Tier 2 visa and a willing lender, you go spend money on housing and that one too na service and that one too go go as well. It is what it is. Overthinking all that one no worth am.

If you get ability to save for a deposit and can afford a house, with all the stress testing of income and everything, go for it. If you cant, your rent money is definitely not dead money, it is paying for your shelter, which is one of the neccessities of life, like food, transport, healthcare, all intangible services wey no dey leave you with a physical asset after delivery.

That is a very valid point and a lot of Nigerians/Africans coming into the UK recently fall into that category.

Your analysis of the situation is very realistic and i think we sometimes overblow this rent money is dead money thing.

Lexusgs430:


If you join an osusu group of 20 people, @ £500 per month.........

Let's assume you pack last, you would be collecting £10K .......

£10K parked....... Repeat process, another £10K parked in 40 month's (not touching your collection).....

In 60 month's, £30K parked....... Source extra funds for conveyancing, survey etc etc ........

And if it's a couple combining resources...... EVEN EASIER......

NEVER SAY NEVER.......😂🤣😜🔒🔐

NO PAIN ..... NO GAIN.....

I'm not sure that this is the solution actually, you need to earn well to be able to drop off £500, pay rent, bills, feeding and other necessities monthly for 60months.

This is a risky way of saving because to get 20 trusted people to stick together for 60months is not a walk in the park, one or two people can collect their turn and do a runner before it gets to your turn.

Lexusgs430:



Nothing in life is easy ....... Without sufficient pain, no substantial gain might be achieved.......

I am not one to give up or make excuses....... Although I agree, buying a property might not be for all .......

But while one person at retirement age, is mortgage free, the other is still paying rent .........😁😜

When the time comes for you to go into residential care, your children will sell that your mortgage free property to fund your stay whereas Jimmy no house down the road that is renting will get a fully funded place from the Council 😜🤣. There are no hard and fast rules in life.

Peerielass:


When the time comes for you to go into residential care, your children will sell that your mortgage free property to fund your stay whereas Jimmy no house down the road that is renting will get a fully funded place from the Council 😜🤣. There are no hard and fast rules in life.

What a funny comment 😂 😂

rinzylee:


What a funny comment 😂 😂

No mind Oga Lexus with his rent money is dead money 🤣. Some white folks intentionally decide against buying a property or having too much savings in the bank because it makes them ineligible for State funds.

Peerielass:


No mind Oga Lexus with his rent money is dead money 🤣. Some white folks intentionally decide against buying a property or having too much savings in the bank because it makes them ineligible for State funds.

Well it depends on the individual's vision and plan ultimately. Some people don't want to live in UK forever sha.

At the end of the day, find out God's plan for your life and execute it.

Some days I wake up and ask myself, If this life ends today, will all these worries and chasing matter anymore?


I have refused to be under any pressure internal or external, no matter what is happening.


My only concern is to know Christ and His Cross. Any other additional blessing, I go thank God.

If house fall out, and I am able to afford, I buy.

But.....


Let no man trouble me, life is easy!!!

mex551:
Random thought, is it possible to get someone in Nigeria to open a Netflix account for me and send the password to me here as it seems paying from Naija is cheaper. Will the IP address betray me ?

Still paying NGN4,400 from my Netflix subscription that I did while in Nigeria. Highest package oo

lightnlife:
It'll work for some months, then shut you out and redirect you to re-register, this time with Pounds.

Its hasn't done that for me in the past 2 and half years

MichaelUde:


Again, e fit be say how life turn out.
Remember be say you land this country 25 years ago, some landed 5 weeks ago.

Don't mind him.

Some even got council houses free that time.

He is giving some people hbp.
They will jump into what will swallow them

slimanyd:


But can I make payment via dom account atm card. ? I check the Qatar Airways flight now. The earliest date is 26th of April which is far far.

Qatar Airways is in Naira. Others in USD, only accept payments in USD

Peerielass:


When the time comes for you to go into residential care, your children will sell that your mortgage free property to fund your stay whereas Jimmy no house down the road that is renting will get a fully funded place from the Council 😜🤣. There are no hard and fast rules in life.

You don't have to, Africans and Asians don't do that in a hurry, they keep the house as a family house or sell and move back home.

justwise:


I'm not sure that this is the solution actually, you need to earn well to be able to drop off £500, pay rent, bills, feeding and other necessities monthly for 60months.

This is a risky way of saving because to get 20 trusted people to stick together for 60months is not a walk in the park, one or two people can collect their turn and do a runner before it gets to your turn.

True......

I am currently in an osusu, when I was handed number 13, I thought it would never come........ Next month, is my payday .........😁

We have professional osusu organisers in the UK.........😂😜

descarado:

Don't mind him.

Some even got council houses free that time.

He is giving some people hbp.
They will jump into what will swallow them

Behave yourself....... 🤣

If you're going to talk to me, talk to me directly, without cornering me ........😜😁

I did not say buy tomorrow nah....... Have a plan in place...... Simples 😂🤣😁

Lexusgs430:


True......

I am currently in an osusu, when I was handed number 13, I thought it would never come........ Next month, is my payday .........😁

We have professional osusu organisers in the UK.........😂😜

How much una dey drop monthly?

rinzylee:


How much una dey drop monthly?

£700........😂😁

Peerielass:


When the time comes for you to go into residential care, your children will sell that your mortgage free property to fund your stay whereas Jimmy no house down the road that is renting will get a fully funded place from the Council 😜🤣. There are no hard and fast rules in life.

Ever heard of a trust...... We need to understand the concept of wealth preservation.......😁

Lexusgs430:


£700........😂😁

Interesting.....why you laughing though?

I do £500 but we are only 9 including myself.

How many una dey?