₦airaland Forum

thanks for the example.. very helpful.. i need to research on savings account with better rates.. and hopefully not taxable .. like ISAs

Estroller:
If your mortgage rate is say 2.5% and you can access a savings account yielding say 5%. Instead of overpaying on that 2.5% mortgage, you'll keep the overpayments in the 5% savings account and make the overpayment with the accrued sum in your 5% savings account at the end of your fixed term. The strategy only works if you can get an interest rate on a savings account that is higher than your mortgage rate, so it'll be a bit difficult to pull in this current "high" interest rate clime.

bless you .. thankssss

will look through it.. we must learn something new everyday

deept:
Here you go, play and enjoy. The app will shop you how overpaying monthly or lump sum overpayment will affect your mortgage.

https://www.natwest.com/mortgages/mortgage-calculators/mortgage-overpayment-tool.html?q=mortgage+calculator&brand=NATWEST&section=personal&enginekey=wYnTjXmfABgYKBU6GMG3

currently building a one stop shop website/app where someone can get basic education or info about mortgages and calculators like this all in one place but i've been demotivated and busy.

and it seems there is a maximum amount or % one can pay per year for the overpayments (varies for each provider)?

Lexusgs430:
Not all lenders accepts overpayments, so speak to your lender enquiring if you can make overpayments........

Let's assume they accept overpayments, call your lender give them your debit card, so overpayment can be charged .......

OR

Collect your lenders bank details, using your mortgage number as a reference, then simply transfer.........

i will be lying if i said i understood this lol

pls can you explain with an example (even if it is with dummy data)

thanks.

shaybebaby:
Absolutely education is needed on this, I agree.

Although it is a bit more nuanced depending on the wider economic environment. I mean now, the base rate is 5.25. If your mortgage rate is lower than savings rate you can achieve, you are better off saving any spare cash to then pay a lump sum when you come to renew your deal.

Overpayment makes sense if the cost of servicing the mortgage exceeds the return you can make investing the cash elsewhere for the same duration.

My renewal comes up later this year, so I've got my cash sitting in an easy access account paying me interest above my mortgage rate. At renewal, that money will be used to pay down an extra bit of capital.

Been seeing people showing pictures of empty planes when they board during their flights and complaining Nigerians are not supporting the busniess

Lets not forget that July is summer time and so they know demand will be high for summer trips from Nigeria ,..however, i don't know if there will be demand for trips from UK to Naija

Lexusgs430:
I thought Air Peace claimed to be disruptor, on the LGW - LOS route.........😜

Imagine my disappointment, when they are attempting to charge £1200 for a July flight.....

African migrants? that sounds funny..

all migrants, irrespective of race.....

A lot of Brits also can't access public funds; there are many factors to it...

America001:
Hi Zahra29 et al

I need clarification please.

I have a child who's 1 year and half. I'm currently working full time. I tried enrolling her for the free 15 hours childcare for children between 9 months and 2 years but was told I wasn't eligible because I'm not entitled to public funds.

Does it mean all African migrants don't automatically qualify for this scheme by the government?

Sorry about your friend's situation..

I feel like the lawyer didn't try by making them spend more money to apply for PSW .. i might be wrong.. ..

Yet again, i will always state the bitter truth...

Going back to Nigeria should always be an option .. even if it is the very last option....

Overstaying, asylum, etc is another dimension entirely....

I wish them well

Osoderi:
Good day house pls I need advice for my family friend who is here in the UK with her husband, she needs help from us/ advice/ suggestions. The home office has written to them to leave the UK, because their student route was not successful after the hubby failed on several occasions. Before their visa expired this year January, the lady tried looking for sponsorship,unfortunately she did not get, so a lawyer adviced they apply for PSW on the ground that her hubby will repeat and pass the exams,which they quickly did, but he failed it again and home office refused the application. We are so confused now. They are now overstayers. She is trying to seek asylum. please have anybody gone through this process OR you know any one that has gone through this asylum. Some pple advised to seek asylum in Ireland. Can anybody help us with a good lawyer that can assist. She doesn't have a job now.

Going back home is not the best solution now. pls help we are confused now. Not easy on them. Thank u.

Congrats.. great news

Santa2:
Completed on Friday, I don collect Key.

The guidance's received from this thread has been immeasurable. Started looking at properties last year April, we werent ready then, was just browsing to see what was available.

Late January we saw this property and decided to take the plunge, reserved in February and have been taking baby steps since as we werent in a hurry to complete, wanted completion to coincide with end of school term. Developers no gree for our pace.lol. We fixed with Barclays for 5 years at 4.55%, 10% deposit and 3/2-year residence in UK. Just before completion we checked if the rate had gone down but naaa, it was up to 4.83 or thereabout.

Its still surreal to me.

Thanks to every one that keeps spurring newbies like us on. I remember the rent money/dead money arguments on the other thread sometime ago. while some would take it as offensive others would see it as motivation. Na so life be. If I start to mention names for here we no go comot today, Lexus, Ticha, Lagosishome, Solumtoya, profemebee, Peerielass, Pearlyfaze, Estroller.. Na God go bless una. To Semmyk wey start this thread, thank for curating all those resources, you are special one, And I hope you doing great.

The best way to always make sure you get the best quote at any given time is to find sites that compare all competitors in the market.. like the recommended comparethemarket

labiola:
Thank you. I have decided to go with level 2.

Any advice on Building insurance? Can you recommend any ?

oh no.. if it is Old building, it is advisable to go with Level 3.. the full survey

I have seen some regrets from 2 people who didn't when they did theirs.... i don't know how old their buildings were though..

labiola:
Boss!
Old building . I have decided to pay for the survey .



Any advise on the suitable building insurance ?

Thank you

Please please please and please....

Is it possible to go a full day without seeing a UK immigrant video complaining of this and that on any social media channel?

Even if it is for 24hours

Drop the damn ring light or whatever it is called.. drop the phone.. stop the recording....

Goshhh !!!!!!!

ghen ghen ghen

Someone here already warned this could happen...

they might request higher % of school fees upfront Or total fees to be paid....

iyatrustee:
Just wondering what the reforms around financial requirements will be.

the mortgage's provider survey isn't deep though

for your own peace of mind, please get a survey done oo.. even if it is Level 2

labiola:
Good morning, everyone!

I want to thank each of you for your support and assistance. I truly appreciate it.

Our mortgage application has been approved, though we haven't signed it yet. I have a few questions to ask.

Our lawyer suggested that we conduct a survey of the building before exchanging contracts. I believe that since the lender has approved the mortgage, their survey should indicate that everything is in good condition.

So, my question is: Do we still need to conduct another survey of the house before signing the contract?

Thank you.

pretty sure you wished the ground swallowed you that moment ..hehe

Zahra29:
Lol

Reminds me of when I was in sixth form or thereabouts, so around 18 years old, and I went through a phase of doing "wuruwuru" with my (expired )bus pass to avoid buying a new one just yet.

Until I got caught one day by an eagle eyed ticket inspector and hauled off the bus to have my details taken down and written a fine - in public, full view of passing traffic!

I was soo h-embarrassed - needless to say, between the shame and the fine which cost more than my bus pass I never fare dodged again 😂

left to me, i don't want to pay any bills but that's not how life works i guess

i just don't want people getting burnt because of £13 a month....

Lexusgs430:
I personally find it abhorrent, that I have to pay almost £160 a year, to watch television.........

The BBC should go commercial like ITV, SKY etc etc , and run around for sponsorship/advertisements...... I shall not be bankrolling the BBC.....😂

This is one tax, my Jesus body would never agree to pay ........😂😁

pls educate me..what device do you then watch the live football on? and how?

i just found this: https://www.standard.co.uk/news/uk/do-i-need-tv-licence-bbc-fee-rise-b1117418.html which explains what makes one need tv license

Resurgent2016:
Stopped watching live TV since I moved from my parent's house years back in Nigeria. The only live thing I watch is football and I do not use a TV for that.

So never found it useful here either.

lol na so

All these hide and seek in your house because of £13 bill is funny sha

Resurgent2016:
I don't watch live TV...except football and I have a special arrangement for that one

my question answered

renting for her means guarantor and that means you will eventually be responsible if she defaults on rent right?

Tough tough....

This sibling love is deep.... very hard for one to advise u kicking her out.. i won't do that personally sha

Viruses:
Instead of quoting one by one, let me just answer here.

She's a student.
Actually shifts have not been forth coming so it looks like she's trying to save for the next fees for fear of the unknown.

I'm willing to pay the 6 months contract I will sign. I was hoping there'll be another approach beside this alternative rent and dialogue (which I have exhausted).

sorry about this

very tough situation.. especially as it is family... a sibling

is she working? can she afford to rent hers? so many questions that need to be answered..

Viruses:
The bolded captures it all.

I'm thinking of calling family meeting whether they can talk to her. The initial complain was the deposit, I offered to pay the deposit, I later offered both the deposit and first month rent.

Her last excuse was the place she saw does not have fridge. Na talk be that? I made a mistake, I would have bought the fridge.

i will never understand the angle of Dont open doors anyhow or get video doorbell because one is trying to not pay £13 ish per month

Maybe it is me, but there is nothing that beats peace of mind

Lets be real.. is it possible to really not watch any live TV?? In this era

I'm just asking an innocent question..

Sometimes lets go the easier path... £13 a month will give peace of mind and you won't need to be looking out of your window or acting like you don't pay rent or own the house... acting scared where you live...

You don't want to mess with fines, court dates, and jail on your profile

That's just my opinion

Lexusgs430:
Plead guilty or not, the court would find her guilty + impose a fine + (or imprisonment).......

That's why we say, if you don't have a TV licence, don't open your doors anyhow or get a video doorbell.......

thanks ..time to read

wallg123:
Here is what you seek. goodluck https://www.nairaland.com/6695679/ilr-application-set-m

hi hi, how's everyone? hope we had a well rested or fun weekend...

Please is there any ILR forum? or i can ask here?

hmmmmmmm hmmmmmm.. this path... risky ... hmmmmm hmmmmm ... just stay paying or try and reduce the days of the childcare.... or get another source of income .. just so you know.. a lot of us are in it (childcare).. it is tough.. i know..

Ayofemidara:
Hello everyone, please help me out. I got to UK about 6 months ago, how do I bring someone from Nigeria because child care is killing my salary. Thank you

We just have to be realistic with the kind of governance we have in our country..

I left out many more achievements by Otti..

Lets not forget he almost didn't win (rigging)..

toughest007:
Bro, I must commend you for having the patience to spoon feed these blokes who lack the mental acuity to comprehend basic distinction between good and bad governance happening in their country, not even here in the UK.

i would be very very surprised ... hopefully a lender approves

Solumtoya:
Ironically, Mortgage in Principle isn't particularly a guarantee unfortunately. I would be impressed if you're given a 95% LTV as a Visa Holder.

Please let us know how this plays out, would be a good learning point.

looooooooooool.. that's extra sweeeeeeeeeeeeeeeeet but impossible

Lexusgs430:
This one sweet my belle pass....... Would have been sweeter, if they are also made to refund all previous payments...........

i will answer to this....

1. Abia State is one of the dirtiest (if not the dirtiest state) in terms of environmental sanitation and refuse management..

He has been clearing the refuse and transforming the roads....

It used to be a mess especially during rainy season..


2. Pensions payment... cleared almost 10years pension arrears and he hasn't even done 1year himself..... and said pensions will not be owed in his administration..

3. No salary arrears or delays.. (this is a major achievement as silly as it looks. yes it looks silly)

4. Approved the law stripping former governors and deputy governors of Abia from receiving pensions and all sorts of payments when they couldnt pay pensions.. which has further put the people in poverty..

If you need more info on the kind of money paid to these ex govs and deputies for life:

https://dailypost.ng/2020/11/10/lagos-breakdown-of-ex-governors-pension-as-signed-by-tinubu/


Abia State with terrible governors term after term.. they've had no real leadership

It is a BIG DEAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

dustydee:
What has he even done apart from roads? I remember his predecessor did the same too when he assumed office before he fizzled out. There are governors in Nigeria today that have done much more quietly.

thanks..

Sleeping in ur own owned space feels different

You can explain to the developer and solicitor who can work out the best appropriate completion date for you... if it is new build, then you can reserve the home as a start and hold on

Santa2:
Congratulations oooh.. So happy for you.

How does it feel to be in your own place?

I am also trying to drag out my completion date,

Trying to see if I can drag so the kids can complete the third term in our current place, as the new house is in another town, would like them to complete the school year in our current place. Unfortunately I might have pay rent and mortgage.. Fingers crossed.

better dragging!!!

thanks, lol

LaXxOnebody:
Congratulations.

You dragged it but you still bagged it.

When you ask for direvtions and use a map, getting to your destination is more assured.

you have a great point :

Lexusgs430:
Congratulations...,...🎊🎉


Comeback after your property has some equity and interpolate your statement........😁😂

thanks, 4.7%.. off-plan but it was almost done

Jamesclooney:
Congratulations!!!! We go wash am oo. lol.

What was the interest rate if you don’t mind sharing? Did you buy a stock house or off-plan?

thanks

nope, did a day after.. also didn't have to worry about paying rent and mortgage same time (which was my initial fear)

deept:
Yay,!!!!! Graduation at last. Congratulations.


So did you move out and in on same day?