nice breakdown. kudos to you

Congratulations fam 🥂🎄

Solumtoya:
Finally Completed, Keys in my hands.

Found the property in September and reserved. Completed in December.

Barclays 2 year fixed at 5.53%, 12% deposit and 2-year residence in UK.

God has been very kind.

Thanks to all for the beautiful contributions here and especially to Lexus and Ticha for reminding us this is doable and should be done.

Will share my lessons learnt ASAP.

Congratulations bro🥂🎄

Stevepop:
To the glory of God, we completed the purchase of our house (new build) last week. Mentally exhausting but totally worth it. Mortgage was with Halifax (90% LTV). Relatively smooth process with attentive mortgage brokers and pro-active solicitors. We had our snagging on Friday and all issues were cosmetic, which made me so happy 'cos of the horror stuffs I've read about new builds.

Monthly mortgage is about £400 above our previous rent, we fixed for 2 years so hopefully, there will be some calm in the interest rate by the time we re-mortgage.

Grateful to everyone for the invaluable comments and advice.

Thanks boss and please where can I access this brokers. I’m a newbie willing to learn.

Lexusgs430:


No bank is best ....... High street banks would only offer you very limited product lines ......... A broker can review over 300 mortgage products.......

Go with the best on the day ........

Thanks man, a quick question my 3 years tier 2 visa(under care work) application got approved today and in no time I will get my brp. But I have a concern in a part of the email where they kept mentioning renting a property and not once talked about buying. I want to know if this is a limitation or nothing to worry about.

Solumtoya:


It makes no difference, it's even better not to have an account with Barclays or Halifax

Please guys I want to know which bank is best to have for this buying of property for a first timer and getting the mortgage. I have lloyd account but having gone through this thread I noticed alot of people are talking about Halifax, natwest and barclay bank. I just want to be on the right track so I don't miss a thing. Thanks in advance

Thank you brother for the thoughtful advice, I will see if pounds will come down a little bit so I can bring in the money from Lemfi that’s the only way I know of for now.

Viruses:

Another option is to buy a 3 bedroom house for yourself (not BTL), stay in one room and rent out two rooms. As family expands, you reclaim more rooms. This will help you avoid some of the pitfalls Ticha pointed out.

The money you're bringing from Nigeria should be in your account like one year before. While you'll be asked for 6 months statement, further inquire/explanation may require statements from previous months which will reveal the deposit from Nigeria if it's not further back in the statement. Explanation of the deposit from Nigeria will make you reveal you had a property (what other explanation would you give), this will make you loose your first home buyer's status and will then require you to pay stamp duty which is at least 5% of purchase price. This will be around £12,500 if the house is £250,000 . All the money you bring in from Nigeria don pass stamp duty go be that 😀

@ticha
@jedisco
Ok clearly BTL is not for me for now so I will go for my own personal home then. So I want to know if there will be restrictions regarding bringing in money from sale of my property back home into youkay? I’m referring to will it be seen as money laundering, and also tax implications? What’s the price range of homes will you advise me to go for and type of home too(flats? Terrace? Semi detached etc)?
Apart from funding my LISA which I intend to fund from my savings back home, What’s the first thing/body I need to get to start this journey?
I’m more than grateful guys for your assistance, more keys to you 🙏🏾

jedisco:


Credit score doesn't mean much - your credit history is more important. Recently went thru the process and was surprised the undue popularity credit scores are given which my bank didn't care for.

An app like credit Karma can guide you thru basic steps to improve your history you may not have considered. E.g electoral roll, phone contract e.t.c.
Having a credit card is also good and depending on utilisation, you might ask for a balanace increase 6monthly. But avoid doing this 6-9m to a mortgage application as it would leave a hard search on your file. My banker once told me that a very high CC balance might not reflect well on a mortgage application.

A student accommodation shouldn't be an issue. You could use a rent reporting agency - i.e tracks your rent payment and reports it to select credit agencies. I used one but uncertain what benefit it actually made.

As regards money you are bringing in from 9ja, it's worth sorting it at least 6m before you apply for a mortgage. This is so you don't have to go thru the bothersome AML loops when you submit your statement. You could put it in a LISA or Cash ISA. Goes without saying that it's worth maximising your LISA if eligible and you haven't.

Ok I did a quick search on credit karma but it came out with no result and they advised I wait for the next 30 days before trying. I have one phone contract with two lines contract that has been on direct debit since May. My rent is on direct debit and it gets paid as at when due. So I should get 6mill while I work out the rest from here? I have not used LISA or CASH ISA before and I want to do that but the conditions I saw on that app shows it’s for home owners who wants to live in the house they bought and not to rent cause my intention is to rent it out. And Thank you for your assistance

I greet everyone here and the founding fathers of this great, insightful and very educative thread. I salute men like Ticha,Semmyk, solumtoya, lexusgs430 and host of others in here.
To cut to the chase

I recently concluded my masters in the Uk and I have been here for total of 16 months.
I stay in a student accommodation shared flat which is all bills inclusive, so no council tax or any other utilities bill in my name. ( I want to know if staying in the students accommodation impacts my growth in the youkay negatively)
I’m on tier 2 visa with a healthcare social care company with 3 years visa.
Annual salary with the company is about 21,700
And I can still get 20hrs weekly side job to get it up to 33k or 34k annually.
My credit score from my Lloyds bank is about 544, I’m single and interested in getting a BTL house.
I intend to liquidate an asset back home in order to raise about 20k pounds to 25k pounds for down payment.
Please great minds in the house, I need the best advice on how to go about this. I welcome every advice, direction,suggestions and information to succeed like many of us has testified. Thank you 🙏🏾

igbsam:


Try this....Thank me later

https://www.vanquis.co.uk/raf-app?code=84EB4BDA03A988AE2222

I tried but it didn’t work out too. I’m less than a year in uk and part time worker maybe that’s the problem. Thanks anyway

Please Bosses in the house I need an assistance on this, so I’m trying to get a credit card to boost my credit score which is 540 according to Lloyds bank but it seems not to be working out. I’m a part time worker and I have tried Amex many times yet no success. I will appreciate if anyone can help me with ways to get my CS up.

Thanks

Good evening everyone,
Please what’s the way around getting a guarantor for accommodation in Sheffield Hallam university environs? Any help will be much appreciated. Thanks�

Good evening everyone,
Please what’s the way around getting a guarantor for accommodation in Sheffield Hallam university environs? Any help will be much appreciated. Thanks�

Good evening everyone,
Please what’s the way around getting a guarantor for accommodation in Sheffield Hallam university environs? Any help will be much appreciated. Thanks�

StrikeBack:
Hostel?? Sheffield Hallam university is not OAU or unilag..

Ok they call it halls of residence aka hostel. But I still need help do you have solutions for me?

giselle237:
rightmove, gumtree, openrent

Thanks let me get to it

ekpotek:


Is it for short term or long term? Google the area or try airbnb.com or booking.com

I’m interested in long term, preferably one bedroom flat

Good evening house, please how can secure an apartment around Sheffield Hallam university area? I don’t want to stay in the hostel and even if I do they have requirements which I feel will be a big stretch for me to accomplish. Any assistance would be appreciated.

Good evening house, please how can secure an apartment around Sheffield Hallam university area? I don’t want to stay in the hostel and even if I do they have requirements which I feel will be a big stretch for me to accomplish. Any assistance would be appreciated.

Good evening house, please how can secure an apartment around Sheffield Hallam university area? I don’t want to stay in the hostel and even if I do they have requirements which I feel will be a big stretch for me to accomplish. Any assistance would be appreciated.�

Good evening house, please how can secure an apartment around Sheffield Hallam university area? I don’t want to stay in the hostel and even if I do they have requirements which I feel will be a big stretch for me to accomplish. Any assistance would be appreciated.

Good morning everyone,
As a student in Uk how easy is it to get a schengen visa and the process to get it?

Thanks

Good morning everyone,
As a student in Uk how easy is it to get a schengen visa and the process to get it?

Thanks

Bnaira7:
Who else has been in contact with Sheffield hallam ? What's the delay

Delay with what?

Have you tried calling them?

Aguogba:

Cost depends on the course of study and not the school. However, what should be your priority is to choose a school located in a city where there are lots of employment opportunities (Stockholm, Uppsala, Gothenburg, etc.). With that, your life as a student will feel less expensive when you study full-time and work part-time.

Thanks �

Aguogba:


A) MSc in Sweden
1. You pay 3.1m- 4.5m as your school fees depending on your M.Sc course.
2. Have like 5.5m (800€ x12 months) deposit in your personal savings account for upkeep.
You're good to go.

B) PhD in Sweden
1. Absolutely free of charge for all, irrespective of nationality and course of study and research interests.
2. In addition, you get a monthly stipend of 1700€.
3. It comes with automatic residence permit for you and your family with an easy path to citizenship.
4. More than 50% chance of postdoctoral retainment.

Which Swedish school that is cheap you can advise for, for masters program?

cellin:


Please your friend that was denied visa, what was the reason for the denial?

They said purpose of entry not clearly stated.

Iamajala:
I sha dey always gbadun you, because everybody focus on US, UK and CANADA.
And you're right bro, that's African mentality, if you know your way you don't need to be on the queue, God will move you with speed.

I have my visa already and will be coming next month, I will PM you soon bro.

Congratulations bro, please how did you get a visa? Is it through school or other method please enlighten me I’m interested. Thanks