Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,208,654 members, 8,003,237 topics. Date: Friday, 15 November 2024 at 10:08 AM |
Nairaland Forum / Nairaland / General / Properties / Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! (56941 Views)
A Yoruba Developer, Stephen Akintayo, Buys Land For Real Estate In South-East / Artisan Who Survived Ikoyi Building Collapse Reveals What He Did / *property For Sale At Festac Town* 7 Bedroom Ensuite Mansion House 3 Living Roo (2) (3) (4)
(1) (2) (3) ... (7) (8) (9) (10) (11) (12) (Reply) (Go Down)
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by 0monnak0da: 7:38pm On Nov 25, 2019 |
HBB1: Guy this is the internet. True it is a faceless forum but It is very unlikely that in real life you would have the opportunity to tell me this rubbish. If you do not comprehend or understand ask questions and do that POLITELY Did you comprehend what you read before you were overwhelmed by the impulse to quote me? Did I talk about saving AT ALL You clearly lack understanding and exposure. Must you talk Please go and play with your coevals and naff off 1 Like |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by 2buffagain(m): 7:39pm On Nov 25, 2019 |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by HBB1(m): 7:41pm On Nov 25, 2019 |
0monnak0da: Hahaha. You realize I was not insulting you but supporting your comment? Sorry sir o! Guess you don't understand Street lingo-- pepper body. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Nobody: 7:43pm On Nov 25, 2019 |
Jossyroyal1:seize Correct it and I will modify |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:46pm On Nov 25, 2019 |
FUnny answers and post going ON |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by 0monnak0da: 7:47pm On Nov 25, 2019 |
HBB1:Guy I am not going for elecction and so I am not looking for support. Sometimes I wonder what I am doing here |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:48pm On Nov 25, 2019 |
2buffagain:Once upon a time in the Uk we had 0% mortgage! until the credit crunch. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by sonnie10: 7:49pm On Nov 25, 2019 |
tot:Same question I asked. In fact only bank is privy to the information regarding buyer’s % contribution to the mortgage The seller has nowhere of knowing who contributed what during the transaction. It might even interest you to know that the seller is more likely to get his money faster in a bank finance option and from an individual who pay 100%. That is how effective the system is. There is a reason the banks would run the transaction through an underwriter. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by HBB1(m): 7:51pm On Nov 25, 2019 |
0monnak0da: Ok bye, since you are bigger than everybody here... |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by charlsecy(m): 7:52pm On Nov 25, 2019 |
TechCapon:You can get it from Building Materials International Market, Obidi, if you're in, or close to Anambra. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:52pm On Nov 25, 2019 |
salford1:But you are also 4getting that a bigger hoyse means bigger equity plus a good retirement! |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:54pm On Nov 25, 2019 |
sonnie10:Credit and financial regulations, if not you are billed as comiting a crime! |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:56pm On Nov 25, 2019 |
sonnie10:it does not |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by Nickisindigo(m): 7:57pm On Nov 25, 2019 |
opray:I will prefer Canada instead |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by sonnie10: 8:00pm On Nov 25, 2019 |
EgunMogaji2:Oga the chances of any human being paying you $1M in cash in like finding a needle in a haystack. Moreover, transfer of title is usually through a title company. You don’t get any money from anybody until the title company is satisfied. Their job is to make sure all parties are ready and in agreement under oath to fulfill obligations including payment before sales are finished. This applies to cash and bank finance options. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by tot(f): 8:02pm On Nov 25, 2019 |
EgunMogaji2: At what point will this escrow be done? What if the deal falls through? Isn't it at the point the bank releases the balance that the buyer's deposit too is removed, so still not clear how this your scenario works. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 8:02pm On Nov 25, 2019 |
bilulu:Doctors in the Uk are termed key workers so benefit from the help to buy scheme, so you are allowed to mortgage 30% OF THE TOTAL VALUE OF TEH HOUSE ,You can even have a deposit as low as £5k |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by tot(f): 8:03pm On Nov 25, 2019 |
sonnie10: That is my understanding as well which was why I was curious about the scenario. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by EgunMogaji2: 8:15pm On Nov 25, 2019 |
sonnie10: I thought you wanted to learn. Apologies. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by EgunMogaji2: 8:15pm On Nov 25, 2019 |
tot: It’s okay. Have a nice evening. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by EgunMogaji2: 8:18pm On Nov 25, 2019 |
To others who might be learning, another way to reduce the price is if the buyer is not represented by an agent. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by tot(f): 8:27pm On Nov 25, 2019 |
EgunMogaji2: Seriously, I just want to learn. At what point would this be done and how about the risk? |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by sonnie10: 8:28pm On Nov 25, 2019 |
EgunMogaji2:I am still a learner but a curious one. Like I said earlier, I prefer open source learning. When I make a post, I honestly expect and appreciates it when it is added upon, trashed, edited, reviewed, corrected. I am totally fine with criticism. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by sonnie10: 8:43pm On Nov 25, 2019 |
EgunMogaji2:Penny wise pound foolish. If you are a novice in real eastate, you would be at the mercies of the seller. A stranger you don’t know from Adam. How would you allow someone be a judge in their own case? Your agent is in the transaction to represent you. His license and reputation is at stake. There are also issues of liability which you can raise if your agent does not guide you with certain information for you to make an informed decision. For instance, in states were flood disclosure is not mandated, you may not know if a house was flooded except your agent tells you. Moreover, even if the seller agrees to reduce the price based on the fees he would have paid to your agent ( yes, seller pays both agents commission), he is not doing you a favor because he knows if you had an agent, your agent would point to things in the house that would cost him (seller) more money to rectify. This issue would still come back to hunt you or Cost you more money down the line when you take ownership of the property. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by bolayei: 9:20pm On Nov 25, 2019 |
mployer:Mumu spotted. Did you miss the part where he stated that he saved £500-£1000 every month? Now let's say he saved £500 every month for 3 years that is 18k. From what I see that house is not in London. So let's say the house cost 180k and paid 10% deposit and they multiply his annual income by 3 (as a doctor he is guaranteed 60k per annum) to be the equivalent of the mortgage. Tell me its not possible? A doctor in England can never be a yahoo boy |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by bolayei: 9:28pm On Nov 25, 2019 |
bilulu: Canada na English colony |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by AngelicBeing: 9:48pm On Nov 25, 2019 |
erico2k2: |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by KenMosi: 9:52pm On Nov 25, 2019 |
Spacious 4 bedroom bungalow for SALE in ONITSHA, asking price is 16 million naira, the price is negotiable but if you get buyer for 16 million naira, the house owner will give you a commission of Five hundred thousand naira, call/chat the owner on whatsapp via 09032290584 to get more details and pictures of the house. The house is a very big 4 bedroom bungalow, it has 2 sitting rooms, all the bedrooms has toilet/bath, it has a big kitchen with store, the bigger sitting room has a toilet, the compound has 3 block dog cages and a parking store and generator house with an overhead tank. |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by geosegun(m): 9:53pm On Nov 25, 2019 |
bolayei: You are close, but your analysis is wrong. He, probably, did help to buy. The price of that house is between £350k and £400k. Help to buy is 5% for the buyer and government support with 20% which is refundable. That house is about £400,000 depending on the location. The Bank provides the remaining 75%, which he will be paying back gradually, as a mortgage, over a period of 25yrs. Any other info is a counterfeit. #100%#fact# |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 10:02pm On Nov 25, 2019 |
geosegun:Where did you get this help to buy analysis of yours from? Please have a read of what help to buy means, its part mortgage part rent.Ur mortgage is reduced to 30% of the value of the house this is what ur deposit is based on the other balance % you pay as rent, |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by bizzibodi(m): 10:18pm On Nov 25, 2019 |
0monnak0da:Whaaat!U are an insolent & uncultured kid!! |
Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by mployer(m): 10:30pm On Nov 25, 2019 |
bolayei: He couldn't have saved money for 3 yrs. He came from Nigeria, he won't start practicing immediately. He will need some form of accreditation and licensing before practicing which will take close to a year. He won't start saving the moment he starts practicing. He need to sort out accommodation, maybe get a car and pay up some outstanding debts. Let's say he saved €500 per month in the third year, that will amount to paltry €6k. The house is valued at 250k. Do the maths. And what makes you think a Doctor in England cannot be a Yahoo boy? I mean, do they make more money that Yahoo boys? |
(1) (2) (3) ... (7) (8) (9) (10) (11) (12) (Reply)
What Is The Weirdest Rule A Landlady/Landlord Has Ever Given You? / Cost Of Floor And Wall Tiles Needed Urgently: / Many Pupils Still Trapped In Lagos School Building Collapse (photos, Video)
Viewing this topic: 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 55 |