₦airaland Forum

Was seeing a lot of affordable 2011/2012 Nissan Qashqai... I wonder why it is so affordable

Does anyone know?

Joyfuljoyful:
Hello everyone.

I want to ask a question please no judging. I recently moved here on student visa with my family. I discovered that I am pregnant now and we already have 2 little boys. I am so scared and worried. I haven't even started work as we only recently settled down. We have only been here 3 months. Please anyone ever been in this situation? How did they navigate it?

Or what advice can anyone give me please. I am so down and feeling defeated already. Please advise me.

Thank you.
Joy

Hi Joy,

How are you?

profemebee:
hi hi, pls I have a question..

If you're sponsoring your parents' trip (flights, accommodation documents showing they can stay with you, etc) and lets say they're still employed.

1. Do you need to still show their own bank statements to show their salary inflow?

2. Does their inflow and outflow from the salary bank account matter?

Or just my bank statements and payslips are the main focus here?

Please I need experiences from those who sponsored their parents who are still employed.. what documents were submitted?

Thanks.

1. Yes. You still need to show their Bank Statement which will correlate with their financial circumstances. It doesn't need to have a huge balance but let their employment revenue show.

2. Yes, it matters. Let it make sense. Your parents cannot be earning N100k monthly and have an unexplained massive inflow.

Extra tip: Im your cover letter and application, explain any inflow/outflow that might cause the Officer to bounce the application

elengine:
PLs oh abeg explain more. I thought you can't get more than 4k max. Also, what if husband is more than 40 and wife WILL be 40 in May this year. We have not opened it

Wifey can jump on it before she turns 40.

Akorkor:
I meant LISA. Typo

I see... If you want better rates, you might wanna consider Junior ISA but read the terms well cos you might be penalized if you access the funds before they're 18 or so, don't really know

heroshark:
Quick question supreme mentors!

Abeg if I have a valid visa in an expired passport will I be able to use it?

I have a 5-year US visa and my passport will expire in March 2024, will I be able to use the visa in the old passport together with my new passport to travel or the visa because invalid as my passport expires!

Yes

Lexusgs430:
Hence, it's about the approach and a holistic view ......

This is it. Just let your application make sense. It's not about balance but about proof that you can sustain the visitor. Having a fictitious balance that doesn't correspond to your income/expenditure will still get the application bounced

rinzylee:
Oh thanks man.

Does the Parent need to be financially buoyant?

NO, but the parent's account statement is needed so ensure the inflow and outflow correspond and makes sense to their financial situation.

justwise:
[b]

Budget at least £2,000 and submit payslips and bank statement to support your source of income.

Yeah, that's a fair amount depending on how long the person is staying. Assume flight is like £1k and another £50 daily to host the person so 1 month stay is like £2,500 ish

rinzylee:
Please how much is POF required to invite Parent or Sibling to the UK as a resident?

Good afternoon and Happy Easter everyone!

May our prayers ascend fast because our saviour is risen!!!

There's no stipulated amount. Just show wuthin reason that your current savings and future income can sustain the sponsorship of the visitor.

oluwaleokey:
Thank you
Well explained
Now, I can flow with the ISA-LISA thing flying around

But can this kinda savings account be used as proof of fund? I mean, if one wants to invite mother inlaw for omuguo? Or is it restricted for only mortgage blah blah

Yes, I used my ISA as POF.

igbsam:
For those not understanding what ISA and LISA means as i was in a group and most people are a bit confused what this is about. Just want to simplify it here. Elders in the house can also input further explanation.

ISA and LISA are two types of savings accounts that allow individuals in the UK to save money with tax benefits. Here's a simple explanation of how they work:

ISA (Individual Savings Account): An ISA is a savings account that allows individuals to save money without paying any income tax or capital gains tax on the interest earned. There are different types of ISAs, including cash ISAs and stocks and shares ISAs, and individuals can save up to a certain limit each year.

LISA (Lifetime ISA): A LISA is a type of ISA that allows individuals aged 18-39 to save up to £4,000 per year and receive a government bonus of 25% on their savings, up to a maximum of £1,000 per year. The money saved in a LISA can be used to purchase a first home worth up to £450,000 or can be withdrawn tax-free after age 60 for retirement.

Both ISAs and LISAs are a great way to save money and earn tax-free returns, but it's important to understand the terms and conditions before opening one.

Well put. For LISA, while you can only open the account between 18 and 39, you can contribute up to £4k till you're 50.

You can save up to £20k cumulative in all ISAs per year.

Akorkor:
My people, please advice on the best kids savings account with good interest for child saving. I don’t want ISA o. @Lexusgs430 , madam ticha and all financial experts in the house

Why don't you want ISA

OKOCHA1:
Is this advisable for individuals still on Tier 4 Visa.

Yes, but I won't advise you put in money till you have a more stable visa and are sure of your permanence here, intention to buy a home or retire here.

Tolzeal:
Is that 4k pounds or 6k pounds ?

4k & 4k = 2k bonus x 2 ( 4k total )

Yeah,

April 1, 2022 - £2k
April 7, 2022 - £2k
April 7, 2023 - £2k

From April 1, 2022 to April 7, 2023 is less than 13 months. That's how marketers do Maths

If you're below 40, sha open a LISA with at least £1. In 13 months, a couple can get free £6k from the UK Govt for their house deposit, it's the biggest awoof

eniola1010:
Guys who has a resource for calculating inflation.
For example. Is it worth saving in cash lisa for many years? How do u know if that money will be worth what its meant to be worth after those year due to inflation?

I need better recourse that teaches inflation mathematically.

Good question. It depends on your age which tells how long you wanna keep it invested, the interest rate your provider offers, unpredictable future inflation, tax-relief, opportunity costs, etc. Moneybox, for instance, gives about 3.3% so with the Government one-off 25%, you should be fine for a while cos you'd be effectively getting over 4% excluding the 25%, so in 5 years, you might be averaging double digits! But in 10 years, the yield might drop to 7% average.

For me, I might use it for house deposit and then contribute in my 40s in a Stocks and Shares LISA if it's possible.

donald197:
Pls who knows any cheap way of sending stuff(clothes) from naija to UK. The prices that DHL is quoting are killing

I shared a contact earlier. Please check my previous posts

hustla:
Good afternoon

Please who knows how I can transfer from UK to someone's Dom account in Nigeria?

Revolut and Monzo are showing me shege pro max. Wrong sort code issues and different excuses

Which other app offers this service?

Sendwave, WorldRemit, etc.

koonbey:
Don't conflate things. That was about the actual application not the timeline from application to license approval to COS, which is what this person is describing.

Obviously there's a timeline for anything immigration-related to be approved and that's publicly available for anyone to read and factor into their plans.

This person's issues don't disprove those timelines. just as someone with an exceptionally long wait time for visa does not negate the standard timescales.

Those standard procedures are what people trying to convince their employers need to emphasise, not these edge cases - that was the whole point of the '45 minutes' explanations.

Even the normal process is not 45 minutes. We were discussing what Companies go through that make many of them avoid Sponsorship where possible. It's never a 45-minute process. Let's appreciate Companies that do it to sponsor Talents. The process of getting a license, COS and Visa is not a "simple 45-minute process that Companies are just being lazy about", it has good chances of getting more complicated.

People that say Sponsorship is a 45-min process.

Focus99:
If someone don't have all these credit card how then can one build credit score? Where do they expect one to take loan from and build credit score if not from them...give a jjc answer please cos this whole credit thing is confusing I don read thread tire

You sure say you don read thread tire? Lool... Give it time, like 2 years for a great credit score if you do things right but whenever you need a loan, go for it, you should get it however high the interest may be.

This credit score thing is not that serious, trust me. Getting a credit card helps but not as much as you think. There are more important factors.

UK Banks and lenders do NOT even look at that credit score you are killing about. They check the factors that make you look responsible and less liable to default. I will get a Lloyds article to help you:

https://www.lloydsbank.com/understanding-credit/how-to-improve-your-credit-score.html

HollyMadison:
Hello experts.

Please for a Moneybox account opened in June 2022, can I still get the 1k bonus for this batch?
when can I get the bonus?

Yes, if you deposit before April 5th.

slimanyd:
Meaning one can pay for the excess at the airport if one decides to take above the excess kg ba?

It's not cheap o! Coughing out about £65 for extra 2kg.

PS. I see you're sorted.

mex551:
Good evening my people. Who has traveled with British airways from LHR, I have questions. Are they strict on 2 * 23kg? What if my luggage is 2 to 3kg higher? Also for the cabin luggage, apart from the usual small box of 8kg, can I also carry a laptop bag with some stuff on my back? What is it like here in Heathrow

Lool, of course they're strict with the baggage allowance. You can add a laptop bag to your carry-on.

Newbie123:
Good people of God and elders of the house, I salute you all o.

Money don comot my body today but I say make I ask, please when should I expect the £1000 govt bonus on the LISA account?

PS: I know it's too early but the Naija in me is still doing seeing is believing

Depends on the provider. For instance, Moneybox does it month-end for funds received before 4th of the month. If it was paid after 4th, will be the next month-end. Something like that

gergemam:
Lexusgs430, Ticha, justwise

Please Sir/Ma which platform good for ISA?

Ejo ooooo 😴😔🙏

Depends on what you want and the type of ISA

AgentXxx:
Thanks bruv You are blessed. Checked ps5 just right now and am seeing 350£. Should one be on a look out for scam activities or stolen items?

Nope, CeX is legit.

Adebayo82:
Please what type of chemical is best to control or mitigate moulds formation around the wall and roof ? Mould is full everywhere in my house,and is not quite long that we moved into the flat.

Buy Dettol Mould and Mildew Remover. Thank me later. You can also try Astonish, Dettol is better though.

That said, it would kill all the mould and they would disappear in minutes. HOWEVER, if the root cause is not treated, they would be back in few weeks during winter. Consider airing, heating and dehumidifying the room. Check for other major issues that is causing the moisture.

Solumtoya:
So Credit Cards (CCs) are one of the best Credit Tools you can have but yes, like every good thing, it does have its dangers.

Most folks here are trying to build Credit Score and to be very honest, CCs are the easiest way to do so. There are so many other ways, of course, and you should do them: Registering in the Electoral Register, Setting up Direct Debits for Utility Bills, Phone/SIM Contracts, etc but from experience since these are not Credit facilities, they may not boost your score as much as a CC.

The rules of CC usage are simple: ensure you pay at least the minimum balance (usually 10% of your usage as at the statement date). So if your cycle is 1st to 30th of every month, on the 30th, you get a statement saying you have used £2,000 and you are given a grace period (typically extra 14 to 23 days) to pay back 10% or more, and whatever balance is unpaid, interest will be charged to the card after the grace period. During this grace period, the next cycle has obviously started running. And the next month balance will sum of what you spent in the month, plus the unpaid balance from the previous month and the interest added. IF YOU DON'T PAY THIS MINIMUM, YOU HAVE DEFAULTED.

Now, the main reasons why CCs are a brilliant facility are evident:
1. Their Interest-free periods means you can use them without ever paying interests: to do this, you must pay everything in full as the interest only starts counting on the unpaid balance after the grace period. An exception is usually Cash Withdrawals, Interest on Cash Withdrawals start counting immediately. Another evil trick of Cash Withdrawal is usually that their interest is higher. There's another evil of Cash Withdrawals but it might be a little technical to explain in this post. Just avoid Cash Withdrawals if you don't want interest
2. CCs are revolving, meaning they are like Overdrafts, not Term Loans, so if I have a limit of £6k, when I spend it and repay, my full limit is re-instated, so I don’t need to re-apply (ever) unless I void the contract. 3. Rewards: Most CCs earn you Miles, Points, etc for usage and referrals.
4. Fees: Many CCs come with little or no extra fees to the Cardholder. I could go on and on.

So, pretty much, you can use your Debit Card for only Cash Withdrawal and use Cash for non-Card payments, while you use your CC for everything else and pay little or no interest while building your credit score.

Now, as beautiful as it sounds, in my 7 years as a Credit Card Product Manager, I have seen so many people wallow in heavy credit card debts. The truth is most humans are not just disciplined enough to handle such an allowance of funds. They deep their hands into it at the slightest opportunity and end up living above their means. CCs are very addictive so don't get a CC if you love to spend, the CC provider would love you and keep increasing your limit and you may land in a gloomy state: you earn just £2k monthly and are given a £6k CC, as you spend and spend, they keep increasing the limit and before you know it, you have a £20k CC fully spent on that Funeral you sponsored in Oshogbo and that trip to Turkey. How will you pay You break the card and start paying back £600 monthly, but that covers only the interest and the amount is NOT reducing every month. You realize you are stuck and have fallen for our trap and that is how we make our interest income and cover for those who are using the card wisely.

I'm sorry this post was really long, I even had to cut this short because I could go on and on about the benefits of CC (purchase protection, chargeback, acceptance, etc), the financially wise know this and hardly ever use Debit Cards but enjoy the benefits of a CC. The financially foolish use CCs to have fun for a few years or months and spend the rest of their lives as slaves to it. The choice is yours!

EDIT: For those who want the easy-to-get AMEX card with NO FIXED fees, you can use my referral link below. You get points for British Airways flights and Holiday bookings:

https://americanexpress.com/en-gb/referral/jEDIDAcKK3?XL=MNANS

I feel like I should bring this back up every year

Lexusgs430:
If you join an osusu group of 20 people, @ £500 per month.........

Let's assume you pack last, you would be collecting £10K .......

£10K parked....... Repeat process, another £10K parked in 40 month's (not touching your collection).....

In 60 month's, £30K parked....... Source extra funds for conveyancing, survey etc etc ........

And if it's a couple combining resources...... EVEN EASIER......

NEVER SAY NEVER.......😂🤣😜🔒🔐

NO PAIN ..... NO GAIN.....

Oh, didn't know you were referring to 60-month plan o! By 60 months, ILR fee don jam the person!
Family of 6 dey pay £14k+ for ILR

Anyway, 60 months is very feasible. Most folks are looking for a formula to raise it within a year or two cos of the pressure of "dead money" and I'd say it's doable but you're not struggling alone, we are in this together even Citizens so no too pressure yourself, just do your best.

N.B: I wish I can find esusu people sef. How person wan find 20 "Trusted" people. A friend requested I join one recently. He's been searching for a 4th person since!

Bourne007:
Some lenders offer 5% deposit if you wanna explore that option.

I'm in the market now, and for a fresh immigrant, this is not as easy. In fact, most offer 25% if you've been here less than 2 years.