₦airaland Forum

Hi guys,
Do you recommend mojo MA?
Have you got any concerns about them?

Thanks

https://aprilmortgages.co.uk/

100% mortgage deals.... 0% deposit.... 🤗

Thank you for your good work guys.

One quick one pls, which are the most important insurance cover needed for someone with a new mortgage.

Man is 30yrs and wife is 28yrs old.

Lexusgs430:
https://aprilmortgages.co.uk/

100% mortgage deals.... 0% deposit.... 🤗

Meaning we are gonna pay more interest 0 LTD ratio😂

Ugmama:
Meaning we are gonna pay more interest 0 LTD ratio😂

When you did not have to pay any deposit, you don't want to appreciate them.......... 😂🤣

Ugmama:
Thank you for your good work guys.

One quick one pls, which are the most important insurance cover needed for someone with a new mortgage.

Man is 30yrs and wife is 28yrs old.

Life insurance is most important, if you feel you have more money to spare, you can consider income protection insurance........

NB : Building insurance is compulsory, to protect your lender(legal requirement) and your investment........

Lexusgs430:
When you did not have to pay any deposit, you don't want to appreciate them.......... 😂🤣

Hahahaha these guys know what they are doing

Ugmama:
Hahahaha these guys know what they are doing

But it's still better than nothing, for people struggling to raise the deposit....... 😁

Lexusgs430:
But it's still better than nothing, for people struggling to raise the deposit....... 😁

Soon, we won’t have landlords anymore😁

Ugmama:
Soon, we won’t have landlords anymore😁

Landlords would only be used for soft landing........ 😂😊

Lexusgs430:
Landlords would only be used for soft landing........ 😂😊

By new entrants into the uk alone 😀

Lexusgs430:
https://aprilmortgages.co.uk/

100% mortgage deals.... 0% deposit.... 🤗

Hi , I want to please confirm something.
I noticed one of the conditions for Lifetime ISA is that you must be a first time buyer that does not have a house anywhere else. For someone that has a house in Nigeria, how do they navigate this aspect?

tifany89:
Hi , I want to please confirm something.
I noticed one of the conditions for Lifetime ISA is that you must be a first time buyer that does not have a house anywhere else. For someone that has a house in Nigeria, how do they navigate this aspect?

How would HMRC know about your mansion in Nigeria....... 😂🇳🇬😊

Lexusgs430:
This is a million dollar question........ We don't know what would happen in 2026 - 2031...... We might experience massive rate drops or increments beyond human comprehension.......

A million dollar question indeed. Many of the fixed rates are nearing 5% again (some have croseed already), thanks to the man at the white house. We got 4.25% for 2 years just a week before the war, and was eyeing the sub 4% when we reached 85% LTV in 2 yrs. Fingers crossed 🤞.

Controlv:
A million dollar question indeed. Many of the fixed rates are nearing 5% again (some have croseed already), thanks to the man at the white house. We got 4.25% for 2 years just a week before the war, so fingers crossed 🤞.

This is the reason I say even professionally trained financial advisers, are simply guessing, when they offer financial advice.......😂😂

Please I need advice from our UK residents who have navigated the Lifetime ISA (LISA) property journey.

There is a situation where someone has funds in a LISA, but the account will only hit the mandatory 1-year maturity mark in August. However, this person just found a house this April that they really love, and they want to make an offer now so they don't lose it.

My questions are:

Is it possible to access LISA funds before the 1-year mark without facing the heavy 25% early withdrawal penalty?

Is there any grace period or waiver if the withdrawal is strictly for a first-time house purchase?

If the penalty is unavoidable, how can one navigate this buying process? Can you secure the house now in April, but delay the financial aspect until August when the LISA matures?

Any tips on how to handle the seller, estate agents, or conveyancing solicitors without losing the property would be highly appreciated.

willyede:
Please I need advice from our UK residents who have navigated the Lifetime ISA (LISA) property journey.

There is a situation where someone has funds in a LISA, but the account will only hit the mandatory 1-year maturity mark in August. However, this person just found a house this April that they really love, and they want to make an offer now so they don't lose it.

My questions are:

Is it possible to access LISA funds before the 1-year mark without facing the heavy 25% early withdrawal penalty?

Is there any grace period or waiver if the withdrawal is strictly for a first-time house purchase?

If the penalty is unavoidable, how can one navigate this buying process? Can you secure the house now in April, but delay the financial aspect until August when the LISA matures?

Any tips on how to handle the seller, estate agents, or conveyancing solicitors without losing the property would be highly appreciated.

UK tax year runs from April to April..... Checking my calender today is April 1, in a few days, the tax clock would reset.......

I don't think you have any issue here...... On the other hand, no seller would accept an offer from you in April and wait till August to commence conveyancing..... But don't worry, a much better house is always around the corner...... 🤣😂

Lexusgs430:
UK tax year runs from April to April..... Checking my calender today is April 1, in a few days, the tax clock would reset.......

I don't think you have any issue here...... On the other hand, no seller would accept an offer from you in April and wait till August to commence conveyancing..... But don't worry, a much better house is always around the corner...... 🤣😂

It's a calendar year - https://www.gov.uk/lifetime-isa/withdrawing-money-from-your-lifetime-isa

Willyede, honestly I think it's a choice of taking the 25% hit (given you have only contributed for a year that's going to be around 1000 so not the end of the world) if you really love the property so much, or let this one go and and try to find another property closer to the one year mark. As Lexusgs430 said, no seller will want to wait till August just because of this.

Goodenoch:
It's a calendar year - https://www.gov.uk/lifetime-isa/withdrawing-money-from-your-lifetime-isa

Willyede, honestly I think it's a choice of taking the 25% hit (given you have only contributed for a year that's going to be around 1000 so not the end of the world) if you really love the property so much, or let this one go and and try to find another property closer to the one year mark. As Lexusgs430 said, no seller will want to wait till August just because of this.

This UK too get wayo o...... 😂

Why not run parallel to tax year...... As you already alluded to, take the 25% hit or wait......

Thanks Both @Lexusgs430 and @Goodenoch

Apologies for the long epistle, but this is the shortest piece I could think of!

After paying nearly £50k in DEAD MONEY rent over the last 4 years (thanks to IHS and visa fees on graduate and work visas, which apparently does not count as contributing to the British economy), I am excited to announce that we collected the keys to our new home last week.

It still feels surreal. Not only is the house in a choice neighbourhood, it is bigger than every place we’ve ever rented here, more beautiful, and far better value for money.

Many thanks to @Semmyk for starting this thread, @justwise, @Ticha, @Solumtoya, @Santa2 for all the wisdom shared along the way, and of course, oga @Lexusgs430 for the consistent reminder that rent money is dead money.

I consider myself very lucky to have found this thread early. We keyed into LISA since 2023, and very piece of information shared here played a big role in making our mortgage journey smooth. This thread, and indeed Nairaland, is a goldmine of knowledge.

A number of people advised us not to buy because of the COS/ILR rogbodiyan flying around, but the thought of losing another £12k a year paying our landlord’s mortgage + profit was all the conviction we needed. If you still have a good time on your COS and still hesitating, my honest advice is JUST DO IT (not a financial advise). Worst case, you lose a small amount (in transaction fees) if we are all asked to leave tomorrow but it is nothing compared to years of rent disappearing into thin air. All die na die.

The journey was not smooth. We would have bought last year, but our COS arrived late and the landlord had already served a S.21 notice. That forced us into another fixed‑term tenancy (agents refused a 6‑month break clause, and we had limited options anyway). But despite all the bumps, we made it in the end.

Controlv:
Apologies for the long epistle, but this is the shortest piece I could think of!

After paying nearly £50k in DEAD MONEY rent over the last 4 years (thanks to IHS and visa fees on graduate and work visas, which apparently does not count as contributing to the British economy), I am excited to announce that we collected the keys to our new home last week.

It still feels surreal. Not only is the house in a choice neighbourhood, it is bigger than every place we’ve ever rented here, more beautiful, and far better value for money.

Many thanks to @Semmyk for starting this thread, @justwise, @Ticha, @Solumtoya, @Santa2 for all the wisdom shared along the way, and of course, oga @Lexusgs430 for the consistent reminder that rent money is dead money.

I consider myself very lucky to have found this thread early. We keyed into LISA since 2023, and very piece of information shared here played a big role in making our mortgage journey smooth. This thread, and indeed Nairaland, is a goldmine of knowledge.

A number of people advised us not to buy because of the COS/ILR rogbodiyan flying around, but the thought of losing another £12k a year paying our landlord’s mortgage + profit was all the conviction we needed. If you still have a good time on your COS and still hesitating, my honest advice is JUST DO IT (not a financial advise). Worst case, you lose a small amount (in transaction fees) if we are all asked to leave tomorrow but it is nothing compared to years of rent disappearing into thin air. All die na die.

The journey was not smooth. We would have bought last year, but our COS arrived late and the landlord had already served a S.21 notice. That forced us into another fixed‑term tenancy (agents refused a 6‑month break clause, and we had limited options anyway). But despite all the bumps, we made it in the end.

Congratulations....... 🎊🎊🎊🎊🎉🎉🎉🎉

I hope you did not feel we forced you into becoming a landlord, than remaining a tenant....... 😜

This is the start of bigger things..... Overpayment, reduces your mortgage term......

For others remember....... RENT MONEY REMAINS DEAD MONEY....... 🤑😂

Controlv:
Apologies for the long epistle, but this is the shortest piece I could think of!

After paying nearly £50k in DEAD MONEY rent over the last 4 years (thanks to IHS and visa fees on graduate and work visas, which apparently does not count as contributing to the British economy), I am excited to announce that we collected the keys to our new home last week.

It still feels surreal. Not only is the house in a choice neighbourhood, it is bigger than every place we’ve ever rented here, more beautiful, and far better value for money.

Many thanks to @Semmyk for starting this thread, @justwise, @Ticha, @Solumtoya, @Santa2 for all the wisdom shared along the way, and of course, oga @Lexusgs430 for the consistent reminder that rent money is dead money.

I consider myself very lucky to have found this thread early. We keyed into LISA since 2023, and very piece of information shared here played a big role in making our mortgage journey smooth. This thread, and indeed Nairaland, is a goldmine of knowledge.

A number of people advised us not to buy because of the COS/ILR rogbodiyan flying around, but the thought of losing another £12k a year paying our landlord’s mortgage + profit was all the conviction we needed. If you still have a good time on your COS and still hesitating, my honest advice is JUST DO IT (not a financial advise). Worst case, you lose a small amount (in transaction fees) if we are all asked to leave tomorrow but it is nothing compared to years of rent disappearing into thin air. All die na die.

The journey was not smooth. We would have bought last year, but our COS arrived late and the landlord had already served a S.21 notice. That forced us into another fixed‑term tenancy (agents refused a 6‑month break clause, and we had limited options anyway). But despite all the bumps, we made it in the end.

Congratulations!!🍾🎉

That whole thing about not buying because of the incoming changes is nonsense and I’m glad you didn’t allow it to deter you.

Controlv:
Apologies for the long epistle, but this is the shortest piece I could think of!

After paying nearly £50k in DEAD MONEY rent over the last 4 years (thanks to IHS and visa fees on graduate and work visas, which apparently does not count as contributing to the British economy), I am excited to announce that we collected the keys to our new home last week.

It still feels surreal. Not only is the house in a choice neighbourhood, it is bigger than every place we’ve ever rented here, more beautiful, and far better value for money.

Many thanks to @Semmyk for starting this thread, @justwise, @Ticha, @Solumtoya, @Santa2 for all the wisdom shared along the way, and of course, oga @Lexusgs430 for the consistent reminder that rent money is dead money.

I consider myself very lucky to have found this thread early. We keyed into LISA since 2023, and very piece of information shared here played a big role in making our mortgage journey smooth. This thread, and indeed Nairaland, is a goldmine of knowledge.

A number of people advised us not to buy because of the COS/ILR rogbodiyan flying around, but the thought of losing another £12k a year paying our landlord’s mortgage + profit was all the conviction we needed. If you still have a good time on your COS and still hesitating, my honest advice is JUST DO IT (not a financial advise). Worst case, you lose a small amount (in transaction fees) if we are all asked to leave tomorrow but it is nothing compared to years of rent disappearing into thin air. All die na die.

The journey was not smooth. We would have bought last year, but our COS arrived late and the landlord had already served a S.21 notice. That forced us into another fixed‑term tenancy (agents refused a 6‑month break clause, and we had limited options anyway). But despite all the bumps, we made it in the end.

Congrats.
Always uplifting hearing people's testimonies

Beware Of Stephen Ademola Ayantoye The Impersonator on this thread

https://www.nairaland.com/8668787/beware-stephen-ademola-ayantoye-impersonator

jedisco:
Congrats.
Always uplifting hearing people's testimonies

[quote author=willyede post=138957001]Please I need advice from our UK residents who have navigated the Lifetime ISA (LISA) property journey.

There is a situation where someone has funds in a LISA, but the account will only hit the mandatory 1-year maturity mark in August. However, this person just found a house this April that they really love, and they want to make an offer now so they don't lose it.

My questions are:

Is it possible to access LISA funds before the 1-year mark without facing the heavy 25% early withdrawal penalty?

Is there any grace period or waiver if the withdrawal is strictly for a first-time house purchase?

If the penalty is unavoidable, how can one navigate this buying process? Can you secure the house now in April, but delay the financial aspect until August when the LISA matures?

Any tips on how to handle the seller, estate agents, or conveyancing solicitors without losing the property would be highly appreciated.[/quote


I am exactly in this situation. How did you do it bro?

willyede:
Please I need advice from our UK residents who have navigated the Lifetime ISA (LISA) property journey.

There is a situation where someone has funds in a LISA, but the account will only hit the mandatory 1-year maturity mark in August. However, this person just found a house this April that they really love, and they want to make an offer now so they don't lose it.

My questions are:

Is it possible to access LISA funds before the 1-year mark without facing the heavy 25% early withdrawal penalty?

Is there any grace period or waiver if the withdrawal is strictly for a first-time house purchase?

If the penalty is unavoidable, how can one navigate this buying process? Can you secure the house now in April, but delay the financial aspect until August when the LISA matures?

Any tips on how to handle the seller, estate agents, or conveyancing solicitors without losing the property would be highly appreciated.

I am exactly in this situation. How did you do it bro? What did you do?

[quote author=Ugmama post=139675229][/quote]On average, a property sale takes three months or more to complete. Exchange of contracts is one of the very last stages in the process, just before completion.
So, to answer your question, that house might not complete in August, especially if it is part of a chain. Chain-free properties generally complete more quickly, but delays can still happen. Sometimes solicitors can add weeks or even months to a transaction simply because they are inefficient. That could be your solicitor or the seller’s solicitor.
That said, if the property is chain-free, be careful not to delay things unnecessarily yourself, as that can become frustrating for the seller.
Overall, I would stay hopeful. A difference of three months is not a particularly long time in the property-buying process, and delays of that length are quite common.

D1uncle:
On average, a property sale takes three months or more to complete. Exchange of contracts is one of the very last stages in the process, just before completion.
So, to answer your question, that house might not complete in August, especially if it is part of a chain. Chain-free properties generally complete more quickly, but delays can still happen. Sometimes solicitors can add weeks or even months to a transaction simply because they are inefficient. That could be your solicitor or the seller’s solicitor.
That said, if the property is chain-free, be careful not to delay things unnecessarily yourself, as that can become frustrating for the seller.
Overall, I would stay hopeful. A difference of three months is not a particularly long time in the property-buying process, and delays of that length are quite common.

My LISA will mature by 14 Oct 2026 and I just got an offer accepted and started by Id check. I just hope I can still be able to utilise my LISA Funds towards the property purchase.


Guys do you think I can meet up to exchange contract after Oct 13 2026?