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Re: Nigerian Students In The Uk How Do You Survive? by justwise(m): 10:29pm On Jul 25, 2016 |
ell77: She doesn't have the gravitas to be a PM judging by her cash-crashed and short lived campaign. She is supported by Britain First organization which is a cross between BNP and UKIP. The group made a public video support her and slagged off Theresa May and she never come out to distant herself from the group |
Re: Nigerian Students In The Uk How Do You Survive? by Whatamidoinghere(m): 11:50pm On Jul 25, 2016 |
claremont:This sounds scary... |
Re: Nigerian Students In The Uk How Do You Survive? by worry359(m): 6:47am On Jul 26, 2016 |
justwise: Sorry Mr Justwise but I think that you are wrong. For good or bad I think she will turn out to be one of the strongest Prime Ministers that the UK has had. Stronger that Thatcher, perhaps up there with Churchill. |
Re: Nigerian Students In The Uk How Do You Survive? by ell77(f): 9:04am On Jul 26, 2016 |
justwise: Thought that was a rumour/smear campaign set up to sideline her. Well if that's the case, immigrants never had a chance once Brexit was voted for. I wonder if labour will stop fighting themselves in time for next general election? Or if another party like UKIP will end up succeeding Tories (God forbid)? |
Re: Nigerian Students In The Uk How Do You Survive? by justwise(m): 3:38pm On Jul 26, 2016 |
worry359: I don't think we r talking about the same person 1 Like |
Re: Nigerian Students In The Uk How Do You Survive? by justwise(m): 3:40pm On Jul 26, 2016 |
ell77: She never came out to distance herself from them. Her comment about Theresa may as well did not do her any good. I really don't know what she stands for. |
Re: Nigerian Students In The Uk How Do You Survive? by ocheejemb: 8:54pm On Jul 27, 2016 |
claremont: Funny how I was literally thinking about this when I logged in and read this. Are you doing this right now? Can we talk offline? |
Re: Nigerian Students In The Uk How Do You Survive? by ocheejemb: 8:58pm On Jul 27, 2016 |
spacyzuma: If you are new to credit, I think your choices might be limited anyway. But it shouldn't really matter in terms of the interest rate and all, if you stay well below the limit. After some months your credit score will improve and then you can get even better deals. 1 Like |
Re: Nigerian Students In The Uk How Do You Survive? by claremont(m): 9:25pm On Jul 27, 2016 |
ocheejemb: Sorry, no offline messages mate. Ask everything on here so others can benefit. |
Re: Nigerian Students In The Uk How Do You Survive? by ocheejemb: 11:11pm On Jul 27, 2016 |
claremont: Right. So I was wondering if you have actually taken out two mortgages, where in the UK, and how, specifically, does the equity on the first helps towardsthe second? It often seems to me a mortgage is more of a liability than an asset. Especially if you are buying to let, then the actual margins between what you can collect as rent and what you have to pay back as mortgage, is in the region of tens to hundreds of pounds. Then there will be all sorts of tax and hidden costs and insurance eating into your tiny margins. Indeed the value of the house itself could rise astronomically, if it is in that sort of area. But even accessing that latent value would be prohibitively expensive. Of course I might be wrong as Ive only done secondary research from quite a distance. |
Re: Nigerian Students In The Uk How Do You Survive? by claremont(m): 8:52am On Jul 28, 2016 |
ocheejemb: Let's assume you buy a residential home with a 30% deposit, you then need a mortgage of 70%. You get the mortgage, and keep up monthly payments for a year and even make some lump sum payments to offset the mortgage. At the end of a year, your equity in the property is about 40%. You apply for a second buy-to-let mortgage using some savings and some equity from the first property. Bear in mind that most Buy-to-let mortgages require a minimum of 25% equity, so basically, the property you aim for would be properties in the lower end of the market. This would rule out the south, and hence, the focus on the north of England. ocheejemb: Haha Tell that to Landlords who make thousands splitting up a 2 -bedroom house into 5 bedrooms and renting out each room to students. Assuming each student rents the room for £200/month, and total mortgage payments and bills is £500/month, it still leaves the Landlord with a net inflow of £500/month from just one property. Plus the Landlord doesn't pay any council tax as students are exempt from paying it, electric bills are equally shared by the students. ocheejemb:Whatever taxes incurred can be offset as expenses. Insurance is a standard requirement for every home in the country, just a matter of upgrading to Landlord insurance rather than the normal home insurance. |
Re: Nigerian Students In The Uk How Do You Survive? by spacyzuma(m): 8:56am On Jul 28, 2016 |
Thanks, claremont and ocheejemb. I'll check with my bank. I also tested the Credit Card Eligibility Checker on MoneySavingExpert.com and got a list of recommended credit card deals. |
Re: Nigerian Students In The Uk How Do You Survive? by spikesC(m): 2:18pm On Jul 28, 2016 |
spacyzuma: Use checkmyfile.com to check your score and apply for suggested credit cards through it. The credit card companies will usually not do another search, instead will take the information provided by checkmyfile as they work in partnership. You can also try experian. Remember to cancel your membership before the trial period runs out 1 Like |
Re: Nigerian Students In The Uk How Do You Survive? by ocheejemb: 9:31pm On Jul 28, 2016 |
claremont: You will never get permission to convert a 2-bed to a 5-bed in the UK. In some towns, you even need a HMO licence for more than 2 unrelated people to stay together. I guess it is feasible to own property like that outside London sha where you could get property in the region of 150k or less. In any casde, it is not as simple as you make it sound. Unless you have actually done it, then i stand corrected. 1 Like 1 Share |
Re: Nigerian Students In The Uk How Do You Survive? by claremont(m): 11:24pm On Jul 28, 2016 |
ocheejemb: I don't want this to turn into a thread about properties, just google ''Convert 2 bedroom to HMO''. It's very possible and doable with a bit of capital. The Asians have been doing this for donkey years, and renting out the rooms to students and people on housing benefit. Do some research on it, you will be surprised what you will find. |
Re: Nigerian Students In The Uk How Do You Survive? by ocheejemb: 6:28pm On Jul 30, 2016 |
claremont: I didn't want to either, but you wanted to engage in the conversation here for others to benefit. You did illuminate on some interesting points, thank you for that, However, I still think converting a 2 bed to a 5 bed is illegal. There are strict rules about this sort of thing -- http://www.legislation.gov.uk/ukpga/1985/68/part/X |
Re: Nigerian Students In The Uk How Do You Survive? by ell77(f): 5:01pm On Jul 31, 2016 |
ocheejemb: It is not illegal. There are regulations you need to follow and in many cases permission to be sought. But it is a viable strategy many landlords have used to achieve wealth. Some crafty landlords build illegal HMOs to cut costs of following the regulations, others follow the regulations and have been doing so for years. It is a proven model. A 3 bed HMOs have less regulations and are utilised more frequently than the 5 beds which have more stringent requirements. |
Re: Nigerian Students In The Uk How Do You Survive? by claremont(m): 7:38pm On Aug 02, 2016 |
Just got emailed this, I don't know if it applies to other money transfer agents. 1 Share
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Re: Nigerian Students In The Uk How Do You Survive? by spikesC(m): 8:16am On Aug 03, 2016 |
claremont: In other words, all foreign exchange income from that source will be gone. Nice country |
Re: Nigerian Students In The Uk How Do You Survive? by spacyzuma(m): 8:26am On Aug 03, 2016 |
claremont: A friend of mine got this email too. Had to quickly use WUMT before they do the same thing. |
Re: Nigerian Students In The Uk How Do You Survive? by claremont(m): 10:06pm On Aug 04, 2016 |
I exchanged Naira to Pounds at the MMA black market in Lagos 6 years ago for N250~/1GBP. These are the rates prospective students face today.
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Re: Nigerian Students In The Uk How Do You Survive? by spikesC(m): 10:17pm On Aug 04, 2016 |
claremont:Intredasting I'm travelling home this month. I think I am going to enjoy my stay 1 Like |
Re: Nigerian Students In The Uk How Do You Survive? by claremont(m): 10:54pm On Aug 04, 2016 |
spikesC: yep, just £2000 is already 1 million Naira. 1 Like |
Re: Nigerian Students In The Uk How Do You Survive? by justwise(m): 9:09am On Aug 05, 2016 |
claremont: Now this is hard to take..how will one send money home now? |
Re: Nigerian Students In The Uk How Do You Survive? by blank(f): 9:32am On Aug 05, 2016 |
justwise: Via WesternUnion, MoneyGram and RIA. |
Re: Nigerian Students In The Uk How Do You Survive? by justwise(m): 9:47am On Aug 05, 2016 |
blank: waste of money with those, have used both before but not willing to use them again |
Re: Nigerian Students In The Uk How Do You Survive? by dustydee: 11:40am On Aug 05, 2016 |
Re: Nigerian Students In The Uk How Do You Survive? by justwise(m): 11:53am On Aug 05, 2016 |
dustydee: Azimo has stopped operating |
Re: Nigerian Students In The Uk How Do You Survive? by dustydee: 12:41pm On Aug 05, 2016 |
justwise:Chai!, when I checked a 2 days ago they seemed to be fine. I hope Rhemito stays active. |
Re: Nigerian Students In The Uk How Do You Survive? by justwise(m): 1:36pm On Aug 05, 2016 |
dustydee: Check today |
Re: Nigerian Students In The Uk How Do You Survive? by CapitalCee(m): 9:57am On Aug 08, 2016 |
I understand that foreign students are allowed to only work for 20 hours a week, that's too small you know considering that for someone like me that wants to go for masters, it's only one year. Please my ogas, can I get a side job dat can offer me extra cash, aside from the allowed allocated 20 hrs per week. It's too hard you know. Please guy clarify me |
Re: Nigerian Students In The Uk How Do You Survive? by dustydee: 3:12pm On Aug 08, 2016 |
CapitalCee:The law is the law. If you think you can't afford it, I suggest you look for cheaper countries like Germany. 2 Likes |
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