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Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 5:35pm On Dec 08, 2023 |
1 Like |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 4:16pm On Dec 08, 2023 |
Yhello4u: Yes, you have to pay a financial penalty for ending the 5 years fixed term early. Check your mortgage agreement. Yes, you need at least 25% equity in the house. In addition to the above, the bank will work out the rental yield to see if its a viable BTL investment, apply a very stringent stress test, send out a RICS approved valuer to inspect/value the property and you will also need to pass the bank's affordability checks. The above criteria is quite stringent which is why a lot of home owners have no option but to sell rather than converting the residential mortgage to a BTL. 1 Like |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 9:19am On Dec 02, 2023 |
Pearlyfaze: Looks like a decent quote from the solicitor. I've attached mine for you to compare. Exclude the LBTT/ADS charge and the company House search/charge. 2 Likes |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 9:15am On Dec 02, 2023 |
Pearlyfaze: I've never had to pay upfront for legal fees. Its usually added to the deposit, etc and the entire total transferred to the solicitor few days to the completion date. |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 9:14am On Dec 02, 2023 |
Pearlyfaze: Does your quote include critical illness cover? If yes, that might be the reason for the high quote. Secondly, if there's any underlying medical condition or family history of cancer, etc, that might also influence your cost of insurance. You don't have to include your kids if you don't want to. My policy covers my kids as an additional benefit and I didn't need to pay extra for that. |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 4:38pm On Dec 01, 2023 |
kwakudtraveller: The laws eh ust the same way Scottish Government woke up one sweet morning and decided to put a 6 months ban on any rent increase for existing tenant. Meanwhile, no be them buy house for landlords or pay their mortgage, etc. Like that wasn't "bad" enough, after 6 months, they put a cap of 3%. If a landlord wants 6% , they must apply to the rent tribunal. Meanwhile tenant must be given at least 3 months notice for any rent increase and you can only increase the rent once in 12 months. Landlord and agents are not allowed to collect letting fee. These are some of the stringent conditions landlords must follow. Now if a government can put all these in place to protect tenants, now imagine the fate of a landlord that decides to go and remove the door to a property where someone resides. Is that not criminal case for the landlord on a platter of gold ? 5 Likes 1 Share |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 3:00pm On Dec 01, 2023 |
toughest007: You are talking nonsense. I'm a registered landlord for multiple properties and if I miss a direct debit, the bank will give me ample time to make that payment. Even if there's financial difficulties, they will offer me several measures including payment holiday, switching to interst only mortage or extending the term of the mortgage or a combination of all three or more options. Repossession is only the very last option from the bank when all other suggestions fail. Until the legal route is fully explored and concluded, no bank will come to the property to take a pin talk less of removing the door. This is why you hear people born and bred here talking and complaining about the inability of some migrants to fit into the British culture or understand the legal framework of developed countries. There's a legal route for a landlord to take if rent is delayed, etc. Removing the tenant's door is barbaric, completely illegal, shameful and should not be condoned. I'm a landlord. Even if I'm owned rent for 6 months, I dare not go and remove the tenant's door. Are you aware that landlords are regulated? I can't get a mortgage without proof of my landlord registration. People fail to understand that being a landlord is like any other business. There are risks involved. There's a risk to being owned rent, your property being damaged, etc just the same way there's a risk to me owning a grocery shop or restaurant and not having any patronage and having to shut down in 12 months. There are rouge landlords which is why as a tenant, you must recognise one and do your due diligence and check to see both the landlord and the property are legally registered with the council before you rent the property. That we are Africans doesn't mean we should import the lawlessness we are accustomed to in our home country. She's very lucky to get away with what she did. People like her choose their targets ("tenants" ) carefully. If the tenant was a lady or a family/single parent with a minor, she won't try what she did without the police intervening. Not all councils have overburdened police force. Try what she did in Scotland and see if the police won't show up at your door step same day irrespective of your gender. 30 Likes |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 11:23pm On Nov 29, 2023 |
giselle237: Term starts in September Child's birthday is in November So she can't enrol in primary school until next year. 2 Likes |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 7:26pm On Nov 29, 2023 |
UniqueDext: https://www.gov.uk/tenancy-deposit-protection/if-your-landlord-doesnt-protect-your-deposit Apply to the County Court. With all the evidence you have (formal report to the police, council, removed door and furniture), you will get your deposit refunded plus the legal cost of filing with the County Court (£380 or so) plus added compensation. You don't need a lawyer. As soon as she receives a Court summon, she will be eager to settle out of court. 6 Likes 3 Shares |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 7:24pm On Nov 29, 2023 |
lavida001: Let go £700? |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 12:04am On Nov 24, 2023 |
UniqueDext: What did the police say? Have you had a call or email response from the council regarding your complaint? Have you contacted the charity, shelter? She's obviously operating an illegal HMO hence why she's pretending to live in the property with her family. I'll suggest you don't pay her the rent or pack out until she returns the door back to its hinges. Do you know if she registered your deposit with an approved deposit scheme? 1 Like |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 12:01am On Nov 24, 2023 |
Dimdim8593: https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10510361/amp/NHS-doctor-struck-paying-bank-worker-100-fake-CV-bid-new-job-finance.html |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 11:29pm On Nov 19, 2023 |
UniqueDext: Have you followed Ticha's advice regarding reporting to the council and checking if your landlady has a HMO licence (if the property meets HMO criteria)? You need to inform the council ASAP. if she has the audacity to remove your door, the next thing she might do is cut off electricity or hot water supply. She's a rouge landlord and needs to be taught a serious lesson. https://www.london.gov.uk/rogue-landlord-checker https://www.london.gov.uk/programmes-strategies/housing-and-land/improving-private-rented-sector/report-rogue-landlord-or-agent 4 Likes 1 Share
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Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 7:04pm On Nov 10, 2023 |
solveabode: This is very steep. What's the loan amount and term? |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 6:55pm On Sep 21, 2023 |
tshoboy: Did they eventually tell you why your mortgage application was declined? 2 Likes |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 6:17pm On Sep 20, 2023 |
Taal17: People should learn to always research and apply common sense. If the salad master pots are SO FANTASTIC as they claim, why are they not sold online, in shops or even amazon ?? They perpuate their scam by this referral/direct sales method. They claim their pots prevent cancer, etc. I remember looking up the website years ago and when I saw their CEO with a full blooded nigerian name i knew they were up to no good. https://saladmaster.com/executive-bios#:~:text=Ayo%20Olaseinde%20is%20a%20self,sales%20journey%20in%20January%201982. They actually make "forever living" sales agents look lie saints. I don't even know which is upsetting me the most - the price of the pots or the fact that his wife took a finance deal with full interest to buy them. 1 Like |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 3:40pm On Sep 20, 2023 |
yolkman20: So this salad master scam is still ongoing ? The pot they use for the "demonstration" is not the same pot that is sold to you. You will be given an entirely new set of pots. What your inlaw has done is pretty mean and just utter wickedness. £4200 for stainless steel pots (yes, salad master is nothing but glorified stainless steel? How much is Le Cruset (cast iron) pot set? My Mrs has indulged their nonsense and sat through their presentation three different times and she hasn't budged. Why would anyone buy stainless steel pots using finance or pay £4200? I will suggest you lodge a formal complaint compliance@saladmaster.com and include keywords like pressure selling, vulnerability, no affordability checks, consumer duty, etc. I will also suggest you complain to the financial ombudsman service too. 18 Likes 1 Share |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 5:08pm On Aug 26, 2023 |
bigtt76: I'm surprised this arranged marriage is news to you and some people on this thread. Lol. Go to X (formerly known as twitter), you will see people shamelessly advertising/soliciting for "dependents" under this "sham" marriage agreement. If its that bad on X, now imagine other platforms. The current abuse of UK immigration system is soooooo bad. I have never seen it as bad as this before. |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 3:04pm On Aug 13, 2023 |
koonbey: Those letters are 100% genuine. There's no reason why HO should not use the term "Tier 2" in official communication. Its a valid visa category and you can find the terminology on their website just like Tier 1, Tier 5, etc. |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 7:39am On Aug 07, 2023 |
dupyshoo: 100%
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Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 11:56pm On Aug 06, 2023 |
SamReinvented: I don't have the strength either to argue with facts. Google is your friend. https://www.theguardian.com/money/2020/feb/24/does-being-married-stop-me-from-being-a-first-time-buyer https://www.nutsaboutmoney.com/mortgages/my-partner-is-a-first-time-buyer-but-im-not https://mdjmortgages.com/can-couples-retain-first-time-buyer-status-if-one-partner-has-previously-bought-a-home/ 2 Likes
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Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 8:38pm On Aug 06, 2023 |
Solumtoya: Properties tend to rise quicker in value in Engalnd though. If the properties I own were in London for example, I would have retired by now. 2 Likes |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 8:13pm On Aug 06, 2023 |
Solumtoya: Scotland. All properties here are freehold. Whether its a flat or house. 2 Likes |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 8:07pm On Aug 06, 2023 |
lightnlife: My first ever purchase was an apartment. Maybe one of the best £12,500 investment I have ever made in my life. Like you, I didnt want to wait any longer by saving for a larger depoait for a house whilst still renting. Without going into too much personal information, that flat is now a buy to let with about 15years left on its term and a balance of around 130k on the mortgage. Apartment is currently worth around 200k. After deducting the mortgage from the tenant's rent and the quarterly management fee (factor fee), I have surplus every month to overpay the mortage. Now this is the best bit: within the last 5 years, I have remortgaged this apartment twice and pulled out about £45k which I have used part of it to buy another semi-detached buy to let (topped up the rest of the deposit and legal fees with my savings) and pay stamp duty costs whilst still retaining at least 25% LTV (literally equity) in this flat. Once the mortgage is fully paid off, I have so many options. 1. Sell outrightly and get at least 200k 2. Continue to rent with guaranteed rental income. 3. Sell my current home 🤑🤑🤑once the kids have finished university, "downsize" by returning to live in the flat The flat in question is a freehold with underground parking, free onsite parking, concierge and a residents only gym. It's located not too far away to a big supermarket and it has a Catholic school in its catchment area. The management fees covers EVERYTHING - Building insurance, cleaning all communal areas, gardening, lift repairs, maintenance of the gym, etc and it is split evenly across all homeowners in the development. If you do your due diligence thoroughly and buy the right apartment, you might become an "accidental landlord/property investor" like me. People tend to "demonise" flats not realising that they are extremely popular in the rental and sale market with young adults, newly married couples and retired people. 12 Likes 1 Share |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 7:39pm On Aug 06, 2023 |
Solumtoya: Exactly. It doesn't matter if you were married in the UK or not or if Mrs is using her maiden name or not. The onus is on the solicitors to "collect" the stamp duty on behalf of HMRC and they take this responsibility very seriously. One/two simple questions and one piece of documentation is all they need for the bells to start ringing. Once it rings, the solicitor/broker will search land registry using Mr or Mrs details and they will be see all properties owned in single or joint names. |
Travel / Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 6:20pm On Aug 06, 2023 |
Solumtoya: This is not allowed. It is mortgage fraud and you can very easily be found out. 100% I'm not going to share how very easily either the broker or solicitor or both can find out. Once either party buys a home, the other party does not qualify as a "first time buyer" A married couple where the MRS was still using her maiden name on all official documentation was found out. Doing a simple name search on land registry is easy peasy. 2 Likes |
Travel / Re: Living In The Uk-life Of An Immigrant (part 3) by Ralphlauren(m): 6:36am On Jun 02, 2023 |
marylandcakes: marylandcakes: I read the guy's comment and just shook my head. You said yours in "nearly" 4k. I have attached a screenshot and links for Edinburgh Council and Cornwall that clearly shows council tax of over £4,000 a year and yes, non-white people are paying such tax a year. It's the same way a person was doubting an individual with an income of £75k. Smh Infact, let me keep my words and thoughts to myself before justwise gives me a ban. https://www.edinburgh.gov.uk/council-tax/council-tax-bands/2 https://www.cornwall.gov.uk/council-tax/your-council-tax-bill/council-tax-2023/council-tax-bands-2023/ 1 Like
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Travel / Re: Living In The Uk-life Of An Immigrant (part 2) by Ralphlauren(m): 7:58pm On Apr 27, 2023 |
BorisJohnson: I'm good. Thanks for checking. I hope you're doing okay too |
Travel / Re: Living In The Uk-life Of An Immigrant (part 2) by Ralphlauren(m): 12:00am On Feb 28, 2023 |
https://www.nairaland.com/7191893/uk-abuse-children-taken https://www.nairaland.com/803715/uk-police-seize-day-old https://www.google.com/amp/s/www.bellanaija.com/2012/08/nigerian-parents-joseph-gloria-musa-jailed-for-7-years-in-uk-following-allegations-of-child-abuse/amp/ https://www.google.com/amp/s/naijagists.com/nigerian-couple-jailed-for-14-years-in-london-for-beating-their-kids/amp/ https://www.nairaland.com/606299/nigerian-mother-jailed-uk-sending Interesting read. . 8 Likes 2 Shares |
Travel / Re: Living In The Uk-life Of An Immigrant (part 2) by Ralphlauren(m): 10:34pm On Feb 27, 2023 |
Viruses: Kids either live with a family member or they go to foster care and might end up adopted by completed strangers. Court might decide father or mother or both parents poses a danger to the kids and give them limited or no access to them. A court order is needed for the government to take custody of the kids and only a court order can release those kids back to their parents. In this country, nobody jokes with a court order especially where kids are involved. With adoption, the parents have no contact whatsoever with the kids. Infact contact ceases few months to when adoption proceedings are finalised. Once the child clocks 18, they can decide to look for their parents of they choose to, however research shows this rarely happens as these kids are too bitter and angry that the actions or inactions of their parents landed them in foster care/adoption. Parents do not necessarily have to go to jail to have their kids removed. I have seen instances where police didn't invite the parents to the police station because they were sure no crime had taken place yet social service approached the courts and successfully obtained an order to take the kids to foster care. In summary, different scenarios can play out but it's not an experience any parent should ever pray for. 1 Like |
Travel / Re: Living In The Uk-life Of An Immigrant (part 2) by Ralphlauren(m): 9:42pm On Feb 27, 2023 |
Odedenshi1: Hope for the best and prepare for the worst. They might ask that your kids have a full medical examination to see if there are signs of abuse on their body (whip marks, bruises, finger nail marks on their upper hand, etc) If you've not already done so, examine your kids and have a plausible explanation for any mark on their bodies, so that you are well prepared. If you've abused your kids and left them with scars or marks or bruises, your own don be be that If no marks or anything concerning is found, you might be able to get away with attending parenting classes/courses and social services might close the case. Odedenshi1: Were you forcing your kids to do their homework? Did you leave them upset and very distressed over completion of their homework? Harming a child doesn't have to be physical- it can be mental or emotional harm. For you to have signed/agreed to the advice/recommendation from the social worker on this issue suggests you must have done something wrong in terms of your parenting style (intentionally or unintentionally) For those suggesting legal advice, lawyers aren't really interested at this stage until the kids are removed from home through a court order. Lawyers fees for such child protection cases start from minimum £200+ VAT PER HOUR. The best lawyers that handle such cases are usually very busy with some not accepting new clients. The threshold for claiming legal aid for such cases is also very high. So it's in your best interest to do what you can to avoid legal intervention. 2 Likes |
Travel / Re: Living In The Uk-life Of An Immigrant (part 2) by Ralphlauren(m): 2:25pm On Feb 24, 2023 |
Zahra29: Well said. This particular story was terribly sad. https://www.dailymail.co.uk/news/article-10267013/amp/Arthur-Labinjo-Hughes-stepmother-GUILTY.html?ico=amp_articleRelated_with_images |
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