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Nairaland Forum / Nairaland / General / Travel / Living In The UK: Property,Mortgage And Related (84931 Views)
Getting Into The UK Property Market. How To? Teach Us How To? Get In Here / Living In The Uk/life As A UK Immigrant / Living In Australia/life As An Australian Immigrant (2) (3) (4)
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Re: Living In The UK: Property,Mortgage And Related by shaybebaby(f): 12:11pm On May 16 |
alongetayo:Shockingly so. |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 1:45pm On May 16 |
babythug: Toilets used to be outside. They were a later addition to inside the house. Coupled with the fact that most people here seem to prefer to shower once or twice a week and also have smaller families plus won't usually have people visiting or staying over, you can see why they're OK with just the 1 bathroom/ toilet. Conversely, I've seen new builds with 3 bedrooms and 4 bathrooms. Why?!!! 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 1:48pm On May 16 |
shaybebaby: Over running costs always catch out first time renovators or peope new to renovations. Plus people also under estimate the time it takes, always want to move out for the renovations (extra cost) and refuse to compromise where it's needed. I'm onto my 6th one. 2nd one thst is a family home. All our rentald are doer - uppers. I'd never pay for or buy another person's design choices. My shock absorbers are now solid. |
Re: Living In The UK: Property,Mortgage And Related by shaybebaby(f): 2:14pm On May 16 |
Ticha: You've been consistently in the reno game over the years. This will be my 2nd time, granted I had the benefit of knowing someone who used to work as a builder and pretty much did everything, mates rate, as a side hustle. The only thing he didn't do was plumbing and plastering. But asides that, he did everything else..flooring, kitchen, taking down walls etc. I think that skewed my view because I didn't go on the open market...plus we did some of the work ourselves. But now? Make I no talk..all I can say is we are taking it slowly, (we have to) gather small money and tackle one thing at a time. But...pssst...whisper in my ear.. do you have a legion of reputable and reasonably priced trades people you know? 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by Santa2: 2:25pm On May 16 |
Lexusgs430: Hahaha... I get you. I think one of the reasons most new "migrants" tend to go for new builds is the fact one tend to worry less about renovations if the one you get needs one. When my leg don strong well well for this land I would definitely go for old build. In that time I should have garnered adequate experience navigating trades men, planning permissions (in the case of extension) and the likes. For now make I dey enjoy my plasterboard dey go . 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 3:00pm On May 16 |
shaybebaby: Hehe I have 2 reputable and well priced tradesmen. The problem is they will only take on a full reno as that makes it worth their while. Where are you based? As this is our forever home in the UK, we've estimated a whole 12 months for the renovations. Before buying the house, I don go pally with the planning officers at the council sotay we have found out we have a mutual friend so smoothing my path before we start. 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by babythug(f): 3:23pm On May 16 |
Ticha: lol @ showering once a week. Donโt let me get started on that . Iโm sure everyone here has a story to share! I truly wonder how homes with the one bathroom cope during rush hour/ peak periods. I mean donโt they have teenagers? 4 Likes |
Re: Living In The UK: Property,Mortgage And Related by shaybebaby(f): 3:57pm On May 16 |
Ticha: Lucky you, do it once and move on. But that means you must be having major works ( extension or loft conversion) done if we are softly buttering up the council I'm in Essex..tell me you are somewhat in the same axis please. |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 4:32pm On May 16 |
shaybebaby: Aya I'm just outside Leicester so nowhere close! Builder is in the North West. He usually just moves on site with his team until the work is finished and then moves on. Hence preferring full renos. We're demolishing part of the house (the sun room), putting on a wrap around double storey extension, plus an outdoor brick built gazebo and converting the stables to 2 holiday lodges so full planning application plus neighbours consent and drawings are needed. I don go butter the neighbour sef and they also want a holiday let in their back garden ๐ . Competition don start even before we break ground. |
Re: Living In The UK: Property,Mortgage And Related by shaybebaby(f): 4:38pm On May 16 |
Ticha:E far small ๐ญ if not! Anyways my search continues. What you are doing is not renovation ooo, you are talking some Grand Designs level talk. I'm tired sef reading all the work that is going to be done. But I'm going to encourage you, it will be well worth it and burriful once done. For the words of encourage, I demand NL discount on the holiday let once its done. 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by Santa2: 5:37pm On May 16 |
Ticha: Woow..this sounds interesting. What I would give to be a fly on the wall through this reno. Ticha na egbon you be. 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 5:46pm On May 16 |
shaybebaby: Borrofcos! Discount for you and other Nairalanders. I shall post it up once all done! 6 Likes |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 5:49pm On May 16 |
Santa2: Aww you're very kind! It's pur biggest reno to date. I'm very excited with a thin layer of trepidation! Happy to post photos and videos and progress reports once we're underway. 7 Likes |
Re: Living In The UK: Property,Mortgage And Related by shaybebaby(f): 5:53pm On May 16 |
Ticha:Please do, I love seeing reno jobs. Infact I love houses. One of past times is just browsing rightmove just for the pleasure.๐ 3 Likes |
Re: Living In The UK: Property,Mortgage And Related by shaybebaby(f): 5:58pm On May 16 |
Santa2: You know it! I'd be like the naija version of Kevin Mccleod and be saying stuff like " Oga Ticha bought this house with a dream of transforming to a home and business..12 months down the line..its is not just a home, it is a homage to the landscape, blending architectural boldness yet nestling in one of the most phenomenal views..." Whilst the camera pans to an arial shot of the house๐ 6 Likes 1 Share |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 6:00pm On May 16 |
shaybebaby: ๐คฃ๐คฃ๐คฃ this is awesome! Hopefully I also won't fall pregnant cos Chief Kevin seems to impart belle wherever he goes! I don hang up my boots! 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by alongetayo: 6:21pm On May 16 |
Goodenoch: One more question bro. Please will the renovation costs be part of the mortgage? Or that would have to be coughed out separately? If weโre going for an old build. |
Re: Living In The UK: Property,Mortgage And Related by shaybebaby(f): 6:45pm On May 16 |
Ticha:Nooo that extension must be filled with litter patter of tiny feet... Actually, scratch that. I support the boot hanging especially after the reno. The day I saw ketchup finger print on the window OUTSIDE is when it dawned on me that new nice things suffer when there are kids in the house. |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 6:58pm On May 16 |
alongetayo: It's not part of the mortgage o. You could potentially get a loan but it'll be extra costs that can make or mar the enjoyment of the property. You'll have to fund it from your pocket. Not all 'old' houses need renovation. You can buy a fully renovated Georgian house (200 years old at least) and not need to lift a finger apart from move in. Same as a Mock Tudor or Victorian (100 to 150 years old) to Art Deco (1920s/1930s). It's just that for some of us, the thrill of the buy includes putting our own stamp on it. 1 Like |
Re: Living In The UK: Property,Mortgage And Related by alongetayo: 7:24pm On May 16 |
Ticha: Thanks a lot for this. Already on the search for a nice old build Abeg |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 7:29pm On May 16 |
alongetayo: Have a check list and go from there. After the first few viewings, you'll get a feel for what you like or not. Post some and we can sign post you on things to check for. I responded to your email so check your spam. 1 Like 1 Share |
Re: Living In The UK: Property,Mortgage And Related by Domale: 9:21pm On May 16 |
Always choose reliable lenders and check reviews before. |
Re: Living In The UK: Property,Mortgage And Related by marshallkowope: 12:49am On May 17 |
hello,i read all posts from 1-39, i am grateful for all the contributions.please correct me if I am wrong. from earlier conversations I have deduced that it is better to apply for a mortgage after two years residency. i would clock two years in uk by feb2025.if I am going to purchase a house of 450k .. it is better I do lifetime isa 4k each year to gain 2k from uk govenment by may2025 i have a few questions 1) I tried to look for where to find homes with first home schemes in london,I found that they are almost non existent,,is it that way in London (or everywhere) or I am just not searching the right way 2)with regarding the deposit,i have read it goes through aml,would It be questioned if it is gradually built up in normal isa account or a regular uk current account here or sale of an item such as a car or jewellery 3)is 5% ltv on 40 year repayment mortgage sensible or financial suicide ( I don't intend on paying minimum payments,i intend on making 10% overpayments when I can.....I am asking because of unforeseen circumstances for example a loss of job 4)for London,is shared ownership generally looked at favourably or negatively thank you |
Re: Living In The UK: Property,Mortgage And Related by Santa2: 9:23am On May 17 |
shaybebaby: Hahahaha..I already watching it in 3D. 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 4:08pm On May 17 |
Considering buying your property in the UK....... This is a "MUST" read....... https://inews.co.uk/news/leaseholders-9000-rise-ground-rent-hitchin-3056937 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by teeebest(m): 10:42pm On May 17 |
Elders, please what should one look out for when considering house insurance qoutes? The qoute from the insurance company that is recommended by the mortgage adviser is higher when compared to the qoutes I got from moneysupermarket. |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 3:59am On May 18 |
teeebest: Simple.... The mortgage adviser receives a commission......๐ 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 4:05am On May 18 |
marshallkowope: 1 Like |
Re: Living In The UK: Property,Mortgage And Related by heroshark(m): 8:25am On May 18 |
Ticha: I still do not understand the rationale behind people preferring old houses. From my professional experience working as a consultant in the built environment, new build properties offer far more benefits compared to old houses in terms of thermal comfort and energy efficiency. They require less energy to heat and are always built to the current Building Regulation AD L, which is by far the highest standard for energy efficiency in buildings. Old houses are generally less energy efficient and not well-suited for heat pumps unless you change the entire heating system and heat emitters. Connecting to district heat networks is also a challenge. The UK is planning to transition to a net zero economy, and buildings are a huge focus in this. Retrofitting and upgrading the building fabric of old houses is just too expensive, and yet you still will not get the same level of airtightness. PS: This is purely from a professional view; I don't know what people's personal experiences living in these houses are. 5 Likes |
Re: Living In The UK: Property,Mortgage And Related by teeebest(m): 11:18am On May 18 |
Lexusgs430: Thank you Boss. |
Re: Living In The UK: Property,Mortgage And Related by Ticha: 1:03pm On May 18 |
heroshark: I absolutely hate heat pumps. Stopped using ours in NZ and added a heat transfer system utilising the open fire. I love my old houses. If only I could afford a centre of town Georgian house! Unfortunately I need to win the lottery for that so will keep dreaming of owning one. PS - our houses have never not been warm. Heck I brought home two premmie babies (33 weeks) to one of such houses and they're now almost 9 year old rambunctious girls. Our windows are always slightly open even in the winter because our house gets warm. Anyway, all to say everyone has their ideal. For me, anything older than 90 years is where I'm at! |
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