Congratulations to Kemi and Nigerians

lightnlife:
Does it seem like rates will come down further?

With the first time buyer stamp duty threshold coming down from £425k to 300K. Buyers in the South will have more to worry about.

Why lowering this to £300k... This labour govt self ...

It's always good to key into the property ladder as soon as possible.... So l escaped this one

mex551:
Good day my people. My. Lender trying to sell me and my wife decreasing term ,life insurance with critical illness cover for 268.00 monthly. I rejected it. Please what alternatives can I get. Help a brother

It depends on your ages and medical conditions and families medical history.

We got level term insurance of £750,000 each for £20 monthly payments each with Royal London Insurance.

PS: we are in our mid thirties and no family medical conditions.

This should guide you.

We don't have critical illness cover as it was a bit higher payment (extra £90 each monthly payments) when it was added.

mex551:
@Ticha, please can you recommend a good solicitor for me ? Any other person who has used a good one should recommend too. The solicitor should be “responsive “ ohh. I hear that some of them don’t respond to mails and calls

I used Amity Law... Very responsive and thorough

missb50:
Thank God, finally, it's my testimony time!

We got our keys 13/09, and moved in 15/09.

Got over 6k extra using LISA.

Special thanks to Oga Lexus, Madam Ticha, and everyone contributing to this thread.

Rent money is dead money

Congratulations.....

Enjoy your lovely home


More testimonies loading.....

justwise:


1. What is your definition of a good quality of life? N500.00 is about £230, so what quality of life will that afford you in a county where you have unrealisable power supply, unmotorable roads, no free health care, no security, abysmal educational system and the govt that is desperately corrupt

2 . She can't afford that even with 2yrs savings while living in Nigeria., how much do you think she needs to save to be able to pay her kids school fees here, rent, bills, feeding, accommodation and someone who will look after them considering their ages and still pay her rent and bills in Nigeria?

The only reason many of us moved out of Nigeria was because we are looking for a better future right? So after living abroad for 3,4,5 yrs what stops you from moving back to Nigeria since Nigeria is a better choice? Please don't tell me that you are waiting to get a job that pays 5M, or you want to get your citizenship here first, no you don't need it, all you need is your Nigerian passport, work experiences and education you have acquired here.

How many times here have you bribed the police to do their job? How many times here have paid for NHS treatment first before receiving treatment even as a visitor ? Yes we all pay NL and taxes but workers in Nigeria pay taxes as well but get nothing out of it.

Moving abroad is not just about money, its about peace of mind, security and a better future.

Well said....

Lexusgs430:


The ministry is moving forward...... We are a tiny group of progressives........ 🤣😂

RENT MONEY IS INDEED DEAD MONEY......... 😂💸🤑

I am so happy for the progress we are making here....

More to come....

teeebest:
This thread has been of immense help to me. I want to appreciate the contributions of all 'elders' lexus, semmyk, Ticha etc.

We got our keys on Friday 30th August and moved into our house on the 31st. We maxed out our LISA contributions and deposit was 14k.

Congratulations 🎉 and enjoy your new home 🏠

jedisco:
Stumbled upon these and decided to share. Deferential attainment and its drivers always fascinate me. Good thing the UK has reasonable data on this.

We are a bit above average when it comes to GCSEs but lag quite a bit with housing.

With GCSEs, good grades are nice but also important are mentoring (i.e what couse/uni/apprenticeship), exposure, links and soft skills

Housing OTOH is good baseline for wealth in this country. Without this, other levels of attainment are more difficult. We lag quite well in this. Granted, we did not arrive as early as Caribbeans and some Asians hence did not benefit as much from council houses buyout cheaper housing 20yrs + ago. Over that period, lots of wealth was built in housing. Difficult to say where future wealth would be built but like with most life issues especially finance, he who already has is more likely to have more.

Going forward, if few Asian countries continue compounding at such rate, it'd be more difficult to argue discrimination as an reason for affirmative action.

Black Africans are making good progress currently, looking at current home owners in the other UK property section. We should check out the data in 10 years time...

Lexusgs430:


You can have both...... Some people even say, it's the best option........

Thank you... Thinking it will be double £1k for same NI

Lexusgs430:


Self
Invested
Pension
Plan

You cannot touch funds till retirement age, but HMRC contributes 25%+ on every deposit you make.....

You pay your SIPP provider a subscription fee + you personally manage your portfolio etc etc etc....

Thank you.

So I will not be able to use both LISA and SIPP at the same time

Lexusgs430:



Why not switch to a SIPP....... You go still collect the £1K (or more if within the higher bracket)...... 🤣😁

Tell more about it...

Can l still have SIPP plus the LISA together?

Lexusgs430:


Congratulations...... 🎊🎉💐🎊

If you're under 40, planning to buy a property...... But don't tap into the LISA scheme.....

I wonder why...... 😂🤔

We still de contribute into our LISA till the age limit of 50.....after buying a house.....the yearly £1k from LISA no go miss us

opeoyek:
We got the keys to our new home on Friday. The process took over five months. Thanks to @lexus, jedisco, solumtoya and every other person who contributes to this thread. My wife and I got almost £7000 from LISA (bonus and interest).

Congratulations and enjoy your new home

Lexusgs430:


So assuming the building is billed £10000, assuming building got 10 flats, each flat receives a bill of £1000........

So that flat with single occupancy is paying same, as other flats with multiple occupancy...... Not a fair way of sharing bills....

If you own the property, ask for if a water meter can be installed, if you are renting...... You have other options to explore.......

Are you aware if any of your neighbours has water meter installed......

Problem with living in flat accommodation

r00tx:
Hey peeps,

Can anyone here recommend a good dashcam ?

If it is Vehicle, I am using Goku dash cam.

justwise:


When you overpay does it automatically adjust the repayment year?

Yes, it does...

Jamesclooney:
Testimony time

(Ushers please be on standby with the offering basket )

The Lord built (bought) us a house!!!!

Signed, sealed and delivered. The bunch of keys dey our hand now. Very heavy lol.

Jokes apart, just an appreciation post for everyone ‘s contribution on here (as well as Chidera Peters on YouTube). The guidance received from this forum has been invaluable. Visited over 12 developers/sites; didn’t care about the fuel burnt because a house is a big deal and even if I didn’t like some houses/location, it helped us narrow it down as we discovered what we liked/didn’t like.

KEY DETAILS
House type - Newbuild
Developer - Persimmons
Lender - Halifax (90% LTV)
Incentives - 5% deposit boost plus flooring package
Mortgage rate - 4.97% ,5yrs fixed (although rates dropped to 4.87% when it was 2 weeks to completion)
LISA bonus - £6k (my wife and I) in the space of 15months, took advantage of the tax windows
Mortgage adviser - Threshold Financial Services (got the recommendation from this thread)


Ps - send funds because everywhere don dry. Surviving on tap water till further notice.

Congratulations 🎉... More celebrations

teeebest:


Thank you as always Ticha. No kurukere o. We got 85% LTV with Barclays but we can only afford 10% deposit hence the reason for resorting to a broker. We are 2 years 4 months in the country and we are on work visa.

Check with Halifax...10% LTV with family combined income of £100k....

Ticha:


That's shocking behaviour from the broker. Absolutely go with another broker.
PS - why do you need a broker? Unless there are some kurukere movements in your credit and personal history, you can go directly to your bank (if a mainstream bank)

Madam Ticha...you don sabi all the naija slangs...

Lexusgs430:



Glad when people take the plunge, and buy their own properties......

Why do you want to continually pay your landlord's mortgage, when you leave the property, the landlord wants to inherit your deposit (by fire, by force)........

You pay rent of £30,000, zero % equity appreciation heading your direction, you cannot hang your television on the wall (if holes not already present), when your children paint the walls with crayon(your blood pressure is elevated), when carpet is stained(you start suffering from tachycardia)......🤣😂

Its always good to work towards home ownership.....

Lexusgs430:



Still does not change the level of accusation ........ 😂

Rent money is dead money jare......l am so happy the numbers of home owners have increased here....lets keep it up...

justwise:
Good morning people, what did i miss?

Welcome back Boss

You scared me oo


Dey tell us when you want to go holidays please

Lexusgs430:


You no even allow madam rest........ 😂🤣

Na school years oo....

Lexusgs430:


Sir Joseph's, Holcombe grammar,Rainham Mark Grammar School ..... All this in Medway.......

By the time you expand into Kent county, nah you go tire .......

I would say Kent county has over 30 grammar schools, the largest in the whole of England .......🤣😂

Yes.....

Lexusgs430:


Simply navigate to the investment part of Monzo, either put in savings or investments (with investments funds are used to buy ETF's). Depending on your risk appetite on type of investments........ I am set at maximum risk....... 😜🤣

Make him buy Microsoft shares and Visa shares using the Stocks and Shares ISA...5 years later, compare the result of the investment

fatima04:
@mamatukwas. You can check out Royal London. We have been using them for 4yrs with very minimal changes. Remember to explore the option of putting it in a trust, and also not cancelled by your employer's cover if being provided.

Yes, we use Royal London Insurance too... Everything is in a Trust too..

Lexusgs430:


Absolutely........ If you put your child in a private primary school, they coach them as part of the fees you pay .......

But if you are from Ijebu like some of us, put your child in public primary school and get a teacher or do the coaching yourself........

We are couching our children (years 4,3 and 1)... We live close to you ... Na Grammer schools we de target

Lexusgs430:


Are you Investing using a SIPP vehicle........ This is probably another wonder (only drawback is you pay a yearly charge to provider + you can't withdraw till you reach retirement age).....

Plus of SIPP - HMRC pays your 25% towards each deposit......
Minus of SIPP - You pay about £120 per year......

No ooo

Using Freetradoe and Trading212 .....S&S ISA

I do individual stocks after due diligence

Lexusgs430:


Not all lenders accepts overpayments, so speak to your lender enquiring if you can make overpayments........

Let's assume they accept overpayments, call your lender give them your debit card, so overpayment can be charged .......

OR

Collect your lenders bank details, using your mortgage number as a reference, then simply transfer.........

what I did in the bolded....shortened the term by 7 years with £250 monthly overpayment

Lexusgs430:


You can still do all this, without releasing equity....... 🤣

This is simply to encourage people and not show how poor I truly am...... With hardwork and dedication, if I could make it happen, anyone can...... 🤣

This is from my ISA account, I have other exposures to the stock market.......

This is what I like to see.... Stocks and Shares ISA.....one of the wonders any UK Migrants should not miss........currently near £70K minus LISA account


......Slow and steady INVESTMENTS win always.....