₦airaland Forum

elengine:
Hello everyone. In the light of recent ILR brouhaha, I'm already considering canada and my PR should arrive in 8 months all things being equal. So we are considering selling our properties. The property has appreciated but it is a 5 year fixed and we are just 1 year into it. So we would be 2 years by the time the property is put up for sale. Early Repayment Charges is 8k. My question, is there no way to renegotiate the contract now? Im willing to pay a restructuring fees?

you will possibly have to bite the bullet and pay the early repayment charges if you sell.

Alternatively, you could apply for a consent to let from your lender and put the property up for rent. This could be additional revenue for you as well as potential increase in property value over time - plus all the other advantages of being a landlord.

elengine:
Hello everyone. In the light of recent ILR brouhaha, I'm already considering canada and my PR should arrive in 8 months all things being equal. So we are considering selling our properties. The property has appreciated but it is a 5 year fixed and we are just 1 year into it. So we would be 2 years by the time the property is put up for sale. Early Repayment Charges is 8k. My question, is there no way to renegotiate the contract now? Im willing to pay a restructuring fees?

How about requesting a consent to let and renting out the property?

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.

Igbamatigbi:
Hello,

Have anyone in the uk who is still on skilled work visa used Skipton and got approval? Or the applicant have to have ILR ?

Hope to hear from you quote author=AdeAde1805 post=135369005]Keys Collected!
I’ve been a quiet follower of this thread for a while now, and the amount of support and information I’ve gained from this community has been incredible. I want to sincerely thank everyone who has shared their knowledge and offered guidance along the way.

I’m excited to share that our first home-buying journey has officially come to an end—exactly 2 years and 7 months after arriving in the UK. We picked up the keys on the 28th March 2025!
It’s a 3-bedroom semi-detached home with 3 toilets, built in 2019. I knew it was the one the moment I saw it, after what felt like endless viewings.
• Offer Accepted: October 2024
• Mortgage Approved: December 2024 (thanks to Skipton, approved in just 2 days)
• Completion Date: 28th March 2025

Special thanks to Lexusgs430 for his endless patience and invaluable advice—he never got tired of answering all my questions!

I was on work visa and got my mortgage with Skipton.

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?

AlphaUno:
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.

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

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

[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

Please, Help advice,
My company branch that offered me permanent job with COS,didn't win thier contract in my branch after 10 yrs , hence another firm is taking over the same job 6 months to the end of my first 3 yrs COS.

What happens to me and am I covered with TUPE.
Pls anyone with similar circumstances before , pls advice

AlphaUno:
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

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

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

Hello, please is it possible to get mortage with less than 8 months on visa? My visa will be renewed in another 8 months but I want to start the process now for a old build house thanks

Igbamatigbi:
Hello, please is it possible to get mortage with less than 8 months on visa? My visa will be renewed in another 8 months but I want to start the process now for a old build house thanks

Banks will require a good length of time in your visa.

Igbamatigbi:
Hello, please is it possible to get mortage with less than 8 months on visa? My visa will be renewed in another 8 months but I want to start the process now for a old build house thanks

Depends on your role. Ive seen someone get in less time though he was set to go.

[quote author=IjayaDubai post=136889409]Is there anyone who needs an apartment or shared ones in london?

Yes, I'm interested

Igbamatigbi:
Hello, please is it possible to get mortage with less than 8 months on visa? My visa will be renewed in another 8 months but I want to start the process now for a old build house thanks

Tricky but not impossible, especially in the current climate..bank may require a high deposit to hedge against the risk that your visa is not extended.

If you can get a cosigner with a longer duration or confirmation that the extension is very likely, it may help.

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

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

Hi guys,

Please If someone uses overdraft to contribute to LISA, would that be a problem.

Ps. The person pays off the overdraft monthly but takes from it to add to LISA as past of mortgage saving contributions

Uksup:
Hi guys,

Please If someone uses overdraft to contribute to LISA, would that be a problem.

Ps. The person pays off the overdraft monthly but takes from it to add to LISA as past of mortgage saving contributions

Not a problem..... Just compare usage cost vs LISA benefits....... If you clear your OD balance every month, I don't think it would be an issue......

Lexusgs430:
Not a problem..... Just compare usage cost vs LISA benefits....... If you clear your OD balance every month, I don't think it would be an issue......

Okay thanks

Uksup:
Hi guys,

Please If someone uses overdraft to contribute to LISA, would that be a problem.

Ps. The person pays off the overdraft monthly but takes from it to add to LISA as past of mortgage saving contributions

An overdraft is one of the most expensive types of credit, and using one can hurt your credit score. It’s better to get a zero-interest balance transfer card. Some even offer a cash transfer option.

D1uncle:
An overdraft is one of the most expensive types of credit, and using one can hurt your credit score. It’s better to get a zero-interest balance transfer card. Some even offer a cash transfer option.

Thanks

jedisco:
Thats enough to warrant a revisit. Its much easier with resi mortgages. For me, two weeks to the end of my conveyancing, I tinkered with flipping my rates but held back as the financial gains weren't worth it. Infact my MA advised that once all things are clear to agree on an exchange or completion date, I should let her know in time so she could recheck rates and see if there is anything better in the offing.


Lets know how it goes

thank you so much,

It was revisited

So we got 4.12% and offer has been accepted.

Awaiting contract exchange.

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

👍

OmichaelO:
thank you so much,

It was revisited

So we got 4.12% and offer has been accepted.

Awaiting contract exchange.

Congrats newest landlord... your rate is not bad as they have ticked up recently

Guys I see people talk about LISA account and other accounts that one needs to keep till 60yrs. I kept wondering why I should open up an account and keep it until I’m 60yrs without being able to draw. I am not up to 34 and I personally don’t fancy it. What if I need money at 50 for something. I will be charged back my earning and my own contribution as well. Omo life no balance🤣

Please does anyone know a good and affordable conveyance solicitor in Glasgow? I have been trying to search online as advised here but the reviews were mixed.

SapphireFort:
Please does anyone know a good and affordable conveyance solicitor in Glasgow? I have been trying to search online as advised here but the reviews were mixed.

Are you trying to transfer a property ownership. I've someone licensed by the SRA and CLC. Checkbyour mail though

Ugmama:
Guys I see people talk about LISA account and other accounts that one needs to keep till 60yrs. I kept wondering why I should open up an account and keep it until I’m 60yrs without being able to draw. I am not up to 34 and I personally don’t fancy it. What if I need money at 50 for something. I will be charged back my earning and my own contribution as well. Omo life no balance🤣

The government rebate is one. The other is that the money grows tax free.
If you really need it beforehand, you can withdraw and pay the 25% fee.

It's a tool to plan and save for retirement. When young, it's easy to see it as something distant especially if one is a migrant. However, most of us would ultimately get old and we need to plan for retirement. I doubt the socialist state is this robust as it is now when we get there and even if it is, having your own savings gives you lots of leeway.

jedisco:
The government rebate is one. The other is that the money grows tax free.
If you really need it beforehand, you can withdraw and pay the 25% fee.

It's a tool to plan and save for retirement. When young, it's easy to see it as something distant especially if one is a migrant. However, most of us would ultimately get old and we need to plan for retirement. I doubt the socialist state is this robust as it is now when we get there and even if it is, having your own savings gives you lots of leeway.

Okay thanks for your response.
I will just save in it to buy house after that I am done.

Gurus well done chairmen and ladies.

I intend to buy my house with my spouse by 2026 latest.
If I open the LISA ACCT today for me and my spouse and deposit £4k each. And also deposit 4k each by April 5 2026, are we gonna get the £4k pounds incentive after April 6th 2026 in total.
I shall keep in touch

Akinglobal:
Are you trying to transfer a property ownership. I've someone licensed by the SRA and CLC. Checkbyour mail though

Okay