please explain oooo.. we need to learn..

justwise:


100% and I think govt pays for it or some of the cost?

both have their pros and cons.... with old build, you will spend way more to renovate etc.. with new build, the developer can go into administration like this example..

Just go with your heart and what your money can manage.. and do your due diligence

so many articles to read..

https://www.whitegates.co.uk/news/new-build-vs-old-build

https://www.whitegates.co.uk/news/new-build-vs-old-build

https://goodmove.co.uk/blog/buying-advice/new-build-vs-old-house-which-is-best/

https://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/new-build-vs-existing-home/

https://www.comparemymove.com/advice/new-build-homes/new-build-vs-old-build

https://aspenwoolf.co.uk/resources/property-news/category/tips/new-builds-vs-old-builds-which-is-more-profitable/

Lexusgs430:
New builds palaver..........


Our newbuild dream turned into a nightmare: Homeowners reveal horror of being ‘trapped’ in £400k ho… https://mol.im/a/13066187 via https://dailym.ai/android

these timelines are not bad .. i will plan around this timeline... thanks

mohtunrahyor:

According to Moneybox, from receipt of the form, the whole process can take up to 10 working days if the request is for a full withdrawal of funds. Please note that this withdrawal can take longer if the customer is still contributing to their Lifetime ISA and/or requests that any pending government bonuses are also paid as part of the withdrawal.

Our solicitor received the funds from Moneybox within 3 - 4 working days after Moneybox received an email from the solicitor.
My husband- 3 working days
Mine - 4 working days because Solicitor responded to mine late, they thought it’s one LISA.

from my understanding, i think he is saying same thing as you.. the payment isn't immediate but like i added, it will be prorated

7 weeks tho ..... lol

that's tough sha

Solumtoya:


Not true... They won't give you even 1 day off. I made my first repayment exactly 1 month after the completion and it was prorated for almost 7 weeks. Completed 15th Dec, paid first Mortgage repayment 1st Jan for half of December and whole of January.

this will be perfect but i guess it will be prorated so that means maybe 6-8weeks mortgage payment initially then the normal mortgage amount

Santa2:


I understand you get like a month or two before repayments start to kick in,

thanks for this..

I will consider all these.. cant be paying both places ooo..

Hopefully, any mortgage lender i use will not immediately expect mortgage payments..

[quote author=Estroller post=128353791][/quote]

hi hi, trust we are having a great journey in the UK

After exchanging contract, I hear completing takes 7-28 days on an average and might be quicker for new build which is my preference

1. How does one know what date to set as Completion date as one doesn't know how long it takes for Moneybox to send funds from customer's deposited funds to the Solicitor??

It is out of buyers' hands and don't know how quick it will be

This Completion date is key as I hear one must meet it to avoid penalties Or one needs to extend if the mortgage offer expires.


2. Must a buyer move in immediately after completion for a new build?

truth and nothing but the truth

not just a tribalist, but a Coward

denying thats' what he meant lol

Clown!!!

He will use that same heart filled with hatred to worship his God/god

KOVIC19COVID20:




Not just you, Adekzy. Your fellow vile humans have been castigating the South East for a long time.
See some of them below:









This sort of hypocrisy, blatant lies and denial of responsibility is what makes Nigeria to be where it is today. Never mind, I blame myself for even engaging with a Hamas-supporting, human being. He posts a diatribe (on a UK Living thread) about a region of Nigeria. Then he comes back to deny. What manner of shamelesness is that?

This guy clearly violated rule number 2 of nairaland. Nairaland should have no place for such bigots.

I hear about this.. no need for Level2 or 3 survey if it is new build...

Is it because the house is new and under the NHBC 10years warranty?

I was thinking at least Level 2 Snagging report survey if it is a new build..

Ticha:


Ah no you don't

likeee... sadEast this is another level of tribalism

lmaooo

ehizario2012:
When someone calls a section of the country sadEast, is that someone really not below human? If only such people could be banned for posting hateful comments.

It's those South Easterners that have the capacity to turn Nigeria around today, the experience would definitely have been different if Peter Obi won. Definitely.

I respect the Igbo man's doggedness 100%

Dem dey try

New build? 120k-150k?

where ooo?

I don't know how feasible that is..

JBoy9:


Thanks my boss. I was expecting your sarcasm as well 😂

Price range within my locality is about £120k £250k. I’m gunning for something in between [b]£120-£150k. New build preferably. [/b]The Esusu were paid in multiples of £300 so someone said it shouldn’t be a red flag as long as it’s not up to £500 per inflow

Financial market is a no no for me at the moment.

Please do I need to start talking to a mortgage advisor or wait till I’m almost there financially? Please could you recommend a bank that’s FTB friendly ? Almost 3years in the youkay

lol.. £1,500 will barely take you to Disneyland and back with kids ooo

Yeaa i heard they don't understand the concept of Esusu and some mortgage lenders will even not pass you during pre-qualification.. a mortgage broker can advise better..

JBoy9:
Hello My Elders,

Please I need your candid advice and opinions.

Firstly, I just packed an Esusu of £6,000. I intend to build this up to a more reasonable amount for deposit to get on the ladder. However, I understand Banks or Mortgage Lenders don’t understand the dynamics of Esusu and I might get disqualified if I can’t explain the source of the funds. Please how can I plough this into my deposit? I’m looking at saving up more (at least £10,000) and evidencing it from my monthly income till I signify an interest to buy a property towards the end of this year but I’m also afraid I might be asked to provide one year bank statements.

NB I lost weight working day and night to meet up with the thrift and I don’t want to spend a dime from it to embark on vacation to Florida this summer as Madam is suggesting 😂 (Baby let’s just take about £1,500 and take the kids to Disneyland. We’ll raise it back together)

Secondly I’ll be 44 this year. Please does that mean I’m no longer eligible to take advantage of LISA or ISA? Can I go for moneybox please?

Lastly, please what other advise would you give a JJC like me with regards to getting on this hard-to-get-on ladder to heaven?


semmyk
Solumtoya
Lexusgs430
Zahra29

i guess we don't have much negotiating power or leverage if it is a new build

These developers don't agree especially as they already provide incentives

Solumtoya:


I was gonna try and respond but chatgpt put it better:

"When determining your initial offer on a house, research comparable property sales in the area, assess the property's condition, and consider market trends. Aim for a competitive but reasonable offer, leaving room for negotiation. You can express your seriousness by presenting a well-documented offer and expressing genuine interest without revealing your maximum budget upfront."

I use rightmove to find out prices of similar recent houses sale in the area and price accordingly

The hatred in your heart outweighs any sense you are trying to make......

If you don't know, tribalism is worse than racism.... discrimination within the same skin cuts deeper

I hope you heal and stop making excuses for a government that has failed and is on the road to colossal failure.

OBJ & GEJ don't have 2 heads....

The same Tinubu criticized them when they were in power for things like insecurity.. now it is his turn and he is failing woefully

Every presidential candidate promised to remove subsidy but they had different execution procedures....

Person A and B can decide to go from Ikeja to VI.... Person A can pass 3rd mainland bridge while Person B can pass Eko Bridge... the experience will be different..

You don't remove subsidy all at once without providing some form of cushion effects .. it has to be done in milestones.. the country is already in deep multidimensional poverty and now 28.9% deep in inflation...

Nigerians getting killed, even children and not a single visit to Plateau State or even Abuja that is close to the Presidency...... chilling in France with the NSA who should be working on Security in the country.... the others were dancing Buga on stage.. smh

adekzy:
Why are you so bitter as if you are from the sadEast part of Nigeria.

Every presidential candidate promised to remove the subsidy and regularised the Dollar so that the forces of Demand and Supply can determine the rate rather than the CBN wasting Billions of scare dollars to defend the imaginary rate that we've been using since 2009. Emefiele+Buhari later made if worse.

Tinubu got the job he campaign for, so the bulk is on his desk!

However, The elite citizens have also moped up every available dollars save/sit idle in the bank while the industrial economy that we want to revive is crying for need.

We have created an unnecessary artificial scarcity, thereby contributing to the problem, but we all want to blame the Govt.

As at November last year, over $29billion is currently sitting idle in all domiciliary account across the country, yet we dey cry say no dollars. WHY?

Why should we dollarised our economy for non productive adverture at the expenses of our local economic drive and the mases who dont have the opportunity to edge thier naira to save in dollars.

If possible, the Govt should just "borrow" all those idle dollars temporary and return it when the economy is stable...but I doubt if they have "Political Will" as most of the politicians are also culprits.

So Mr Thread, your bitterness will only gives you HBP if you don't disect the real issue without sentiment and emotion.

and dancing Buga while the country is burning and children are being killed for ransom.. shameful

hustla:



...And they are still sponsoring toke makinwa on trips in broad day light

We are not ready ..

I don't even know where to start from

how do I reply this?

best out of the hard choices?


Scarcity of almost everything.... including your local currency, Naira

Purchasing power gone

Insecurity driving away your ability to increase FDI

Weakest Naira ever

Unemployment at a record level, and what did they do? revise the Unemployment rate

Multi-dimensional Poverty with more middle class being eroded

Increased debt burden and higher debt to revenue ratio

Loss of more multi-national companies due to cost of operations and lack of £$

Inflation at another level... 28.9% an 18-year high record Dec 2023

Currency Shortages

14m Nigerians descended into poverty in 2023 due to diminished purchasing power resulting from high inflation, as reported by the World Bank.

I can go on and on but I need to work..

dustydee:

I have been seeing similar comments. Please what magic do we expect anyone in power to do to salvage the situation? I believe the path he has chosen is the best out of the hard choices available. Things may be hard now but in my opinion, we will come out better.

£ 1 : 1,800 Naira

What a country....

If you voted Tinubu, ................................................

Make i no just type

thanks, will check it out and the transport cost to London

twizzie:
Check this out.https://www.nuliving.co.uk/beechwood/
Just about 30mins to Fenchurch Str from Basildon

that's new to me.. never done that before,.. is that really a thing?

Bourne007:
Of course there are no issues. Just that if you have the keys, what difference will it make.

If I remember correctly, you will also need to activate your new address with royal mail so it's officially recognised.

you have a point sha

Lexusgs430:



Her story vs the real story...... 😂

i don't think she planned for it that way

her story says an extended family member was helping out but the economy has been tough.. she also lost her dad..

So her options are tight.. painful .. final year student..

Lexusgs430:



Why would I want to rely on the generosity of others (hoping they come through).....

This is strictly based on my opinion.......

cold world

sad story... love that she still has some hope though

justwise:


Have a look at this https://www.birminghammail.co.uk/news/midlands-news/international-bcu-student-with-just-28462197

tbh i remember when people were going at you for being direct on this topic... about people coming without plan or without actual funds for deposit, etc.

A lot of people just feel they will survive and manage Or as per naija way, "nothing fit stop us from coming"

justwise:


They played a stupid game and now enjoying stupid price.

A year or two ago i was removing a lot of posts from people asking for school that does not ask for deposit or accept low deposit. I banned countless number of people advertising or asking for proof of fund link.

People cheated themselves from CAS to visa application and now chicken has come home to roost and we are acting sympathetic? Nah!

Experience is the best teacher.

https://politicsnigeria.com/nigerian-phd-student-dies-in-the-uk-amidst-reports-of-recent-nigerian-deaths-abroad/

sad

From my experience, None!!!!!

Cashback is the negotiating tool they use.. and that can be used for whatever you want

Santa2:
For those that purchased recently or have experience buying new builds from developers, Do they usually discount on the price, (asides the cash back they would give towards completion i.e flooring, kitchen/bathroom upgrade etc). Cos me I dey always ask for discount ooh but none of them have bulged so far. Would be nice to know if anyone was able to secure a discount in the asking price of their New build property.

oh that's true, thanks

Estroller:


Check the first page of the thread, semmyk curated a list there.

hi hi,

Please can anyone list out some quality mortgage advisors?

I have one but the lady is a bit slow in responding and writing up an AIP.

Does AIP take time to develop? I have house viewing and i'm seriously looking at moving this year by God's special grace..

If mortgage advisor is dragging, what would solicitor then do?

I just need a list of alternatives so i can change mortgage advisor if she keeps dragging her feet.

Thanks.

This!!!!!!!!!!!!!!!!!!!!!!!!!

pure joy yoo!!!!!!!

Viruses:


Abi na you try
When mine was returning, I made sure all my brothers, sisters, spouses and children got at least one item, some got more and my mum pack goodies for her neighbours in the market.

The smile on their faces gave me more joy than what the change I used to buy those things would have given me if it was sitting in my account.

https://www.moneysavingexpert.com/mortgages/mortgage-guide/ .. interesting article

congrats bro... you deserve the rest ooo.. pls how much is ILR now? did you do priority?

BouharryArtikou:
Good morning great people.
Please, now that UK settlement has finally arrived. ILR Alhamdillahi.
Please, which countries can I visit visa-free to go and cool off small?
Anyone with experience?

This might help .. interesting read for property market in 2024

https://joseph-mews.com/uk-property-investment/where-to-invest/