₦airaland Forum

koonbey:
If they are the only lender offering this then the question is whether you can put up with it for the 2 years and then move to another one. You'll be able to access way more lenders then.

Bear in mind that house prices will likely keep rising (albeit at a slower pace in this economic climate) so waiting till later to buy might end up being a false economy. Also, you'll be building equity instead of paying rent.

BTW, which lender is this?

dubaiprince:
Your point on the repayment being only £25 above your current rent is very valid and gives you comfort over the next 2 years during which I believe you income will have improved and like you said, property prices will keep going up and the market and economy is uncertain at the moment. One of our legends here will say 'rent money is dead money'. The rent I have paid in 3 years in this country so far is £50k+ (money i will never get back) and I have decided something must happen next year. So if your question was if the rate is high, I think it is. If it is a question of will the decision make sense in the long run, I think It most likely will considering you can afford the repayment.

Zahra29:
As others have opined, 7.4% is very high and a big chunk of your repayments will go towards servicing the interest instead of building equity.
Might be better cost/ benefit for you to wait till you've resided longer and/or saved a bigger deposit so you have access to a wider pool of lenders and more competitive rates.

dubaiprince:
This one choke o considering u are even putting down 15% and it is only a 2 year fix. I think is high. from my research so far, (I am also looking at viewing properties soon) most fixed rates are currently between high side of 5% and Low side of 6%. Just look at the fine prints as the follow on payments after the initial 2 years might be crazy.

genkins:
Which belief?how did he arrive at such erroneous belief in the first place?
So how will he ever get it right if we leave him to his belief howbeit erroneous.

If I belief that killing humans is a form of worshipping God,u should leave me since it's my belief?
You think his belief is not my concern?it is,because these people have been brainwashed to believe their money is a form of worshipping God ,that's why we have 200m unproductive youths in extreme poverty paying tithe to these fraudsters believing a miracle that never comes will come.

Then they will indoctrinate their innocent children and it continues.we need to wake up

genkins:
Ok now u are sounding sensible.
Second question.where did your god say u should give him monetary tithe?
You believe ?where did u get that believe from?
You believe tithing is like a tax...do they run a theocracy in Nigeria or UK?ok,it's in kingdom?lol
You tithe because you love God?in the scriptures,is there any where that connots that to show your love for God,you should tithe?

You believe it's God instruction?who told you that?

See ehn,these questions nobody can ask from where you are coming from but as an adult,you should use your God given head to ask and answer these questions and not just..I believe..where u born with the believe?wasn't it implanted in you by people that were obviously less informed?

Healhtyliving:
Halifax

jedisco:
Hope you retain your sharp mouth when you start work. Confused fellow.

Firefly77:
Hello guys, please I am in need of childcare in Margate Kent. I don't mind a live in nanny or a Nigerian or African childminder that I can take the kids to, from Monday to Friday. My kids are really small.

Lexusgs430:
Don't buy £4000 pots or £2500 vaccum cleaner..........

Also scammers plenty for this uk....... Don't sign anything, seek councel before you proceed.....

yolkman20:
Hello everyone,
Please I need advice.
I'm in a situation and i need advice on how to opt out.
So my uncle wife took advantage of my wife because of too much respect. (wifey bleeped up big time). We recently moved close to them because she's the one who helped us with COS. She recommended a cooking pot (salad master) as we needed to set up the house and kitchen, but i declined immediately after i heard the price (4200 pound DD payment for 4years for 5pcs set.)
During the chat, i discovered she'll get about 500quid referral and thats why she's desperate for us to buy it. The discussion happend about 3 other times and my response was no. My uncle got involved at a point and he also supported her wife because that's what they use too but i insisted. Then she turned to my wife and start to convince her but we'd already discussed and it was a NO.
Fast forward to a month after, my wife was in their house sleeping, she then woke her up only for her to see the pot has been supplied, and they were already cooking with it for her induction and to use it. In the prescense of the supplier, my wife tried telling her we've already discussed this many times and we were not interested but she cut her and told her since they were already cooking with it, we cant opt out. She couldnt call me because she wasn't with her phone. She ensured all the paper works was done and DD was set before she let her near her phone. My wife has so much regard for her and that's why she couldn't say NO. Too much respect...

I got to know that day and i got mad at her, how can you let her lure you into a 4k financial engagement despite several discussions, she just dey cry and she was preggy....

I immediately told her to come take the pot but the supplier said no way, DD has been set and there's no going back)(dey don plan am.)
Bleep up i did was, i should've rang the company directly but i just gave up because i dont want issues between me and egbon.
Now, COS no get shift, there's no work in cardiff at all and all the load is on me. DD is 94quid per month and it's choking.

Here is my question, is there anything i can do to opt out legally? we're 6 months into the contract and it feels like forever, i dont mind losing 1k just to opt out, but i dont wanna do this no more... We can't afford with the all the bills and expenses we already have.

It's tiring...
I look forward to ya'lls suggestions

Zahra29:
Do you mean an Agreement in Principle (AIP/DIP) or a formal offer from the lender?

The estate agent is wary because the affordability checks on a higher LTV purchase are more stringent, especially with the recent interest rate hikes. If it is an AIP, then this is only indicative and may change when the underwriters conduct their in-depth checks, which may result in a lower borrowing amount being offered by the lender. In addition, a property can be down valued by the lender and the estate agent likely wants reassurance that you have enough savings to cover the difference if needed.

Essentially you might need to show the agent proof of funds significantly higher than the 5% deposit to reassure them that you have a decent enough buffer to continue the purchase if the lender offers you less than 95%, or the property is down valued( as well as enough to cover all the legal and other costs involved in buying a house)

IvanCardozo:
My brother, a little over one year ago, if person tell me say I go get that kyne travel history in that short a while,I go say na lie😂. Funny enough, I've put all my guys on it too. I shared the update. Everybody don travel. Paris,Madrid, Rome etc. Na so we waka ooo. Outta more than 15 of us, at least like 10 don collect Yankee kpali. With Yankee kpali, it was easy to collect Canada. Information dey very important. Na only Australia we no do, cuz e far😂😂. Collect them kpalis and keep. No be crime. Afro nation of last week or so, na so all of us buy flight ticket. Visa don dey already sef. Now I see the kyne flex all these citizens of big countries have. Just buy ticket and voila,you don move.

bigtt76:
...you see, s/he didn't need to give full specifications like Senior AI/ML Software Engineer at Company Name ...rather it can be a Senior role as a software engineer (with my 5 years experience in Nigeria) in an FMCG or Health or Financial services company ...that's all most here would love to read or hear from successes like this.

Why I would always love the Tier 4 Visa application thread, almost everyone who got their visa approved, returned back with details of what they did, when they went for their interview ...some with the questions they were asked, how they went about other stuff related to the application, the fasting and prayer sessions ....EVERYTHING they did along the way was shared discretely.

I chose my current school (MMU - before you ask me ) because of similar feedback, all of this is to help others move along. People are getting depressed and if out the abundance of your heart you could share anything or ideas to help people out ...please do with as much information as possible discretely. Give people hope they can also do it. No one is saying tell us the job title plus your employer or your remuneration...no.

seyejohn94:
Which mortgage broker are you using?

DeeOneBangin:
No loud my home town abeg. Ijebu - Itele na confirm place ooo, the boy no suppose complain nau. He go dey chop better fresh veggies

hustla:
Long 15 yr holiday to Nigeria dey reset brain

Trust me

CheesyTee:
It's not. I was in a similar situation last year although, I didn't take any step aside contact LL but he didn't do anything. I later moved out cos the condition of the house was so poor but I was told I could have reported LL to the council.

solveabode:
Hello gurus
Please is it normal for agent to give out house like this despite that I call their attention to it during the inspection?
I have not moved in yet and I plan to write and call them to do the needful.

Pls advise.

Solumtoya:
Nope, minimum one-off deposit is £100 while minimum weekly debit is £1. You can pay as much as you have left of the max annual cap of £4k

Solumtoya:
To open, you can download the Moneybox app.
Minimum is £1.
The only time you can withdraw or close the account without a penalty is to buy a new house, to retire or for a terminal illness. Otherwise, you will get a 25% penalty which will eat into your capital.