How to take out money from stealth without bank withdrawal?

Geegee83 · #23 03-25-2015

Do you buy your vouchers on eBay or on another site?

wired · #24 03-25-2015

Quote:

Originally Posted by oompaloompa

the thing with buying is the address the delivery goes to. Online or virtual stuff is getting tighter to find, but amazon vouchers etc are good stuff you can resell or use. Not a business plan though, ok for leftovers. Actually paying your supplier is a great way of using it up, it they do not mind sending to a different address than paypal one.....

Just look for Argos Click and Collect for buying items.

Paying supplier.

Get PayPal access card and spend anywhere and everywhere.

Lots of options.

Geegee83 · #25 03-25-2015

What do you have to show when you use Argos? ID or anything?

Sorry for the questions, I'm exploring this way of using PayPay money too but it's new to me.

I see Amazon don't accept PayPal, so I'm guessing you have to buy from eBay or another gift card site?

dan_ebay · #26 03-25-2015

localbitcoins.com

wired · #27 03-26-2015

Quote:

Originally Posted by Geegee83

What do you have to show when you use Argos? ID or anything?

Sorry for the questions, I'm exploring this way of using PayPay money too but it's new to me.

I see Amazon don't accept PayPal, so I'm guessing you have to buy from eBay or another gift card site?

Just need the FM number which you get sent through email, no ID needed for Argos.

Just open bank accounts, its that simple.

Geegee83 · #28 03-26-2015

I have bank accounts, but I don't want to open any more as I'm applying for a mortgage next year and don't want anything to look odd. I still have my main accounts, the stealth is just for some extra.

Lost 3 banks accounts when 3 stealth's went down last year in the mad purge, so I'd like to continue to stealth without bank accounts at first.

I'll try gift card buying and argos. Thanks!

rsot · #29 03-26-2015

Quote:

Originally Posted by Geegee83

I have bank accounts, but I don't want to open any more as I'm applying for a mortgage next year and don't want anything to look odd.

I hear that about credit worries but check soft credit hit vs hard credit hit (soft is when accounts are made...in general)

GreenBean · #30 03-26-2015

Quote:

Originally Posted by Geegee83

I have bank accounts, but I don't want to open any more as I'm applying for a mortgage next year and don't want anything to look odd. I still have my main accounts, the stealth is just for some extra.

!

Quick tip... at the end of this financial year, get a free copy of your credit file to check what is there AND what is not there. Always handy to know what others know about you

Sounds a very exciting prospect for you in 2016. Good Luck with the endeavour.

Geegee83 · #31 03-26-2015

Thanks, yes it's very exciting! I can't wait to get my own house.

I just don't want to go for a mortgage and they start wanting to see bank statements from all accounts showing on file, which would include stealth's.

My credit score is 979 and "Excellent", but I have a past bankruptcy from 8 years ago and I'm worried they will probably be asking me more questions than normal due to that, and also due to being self employed.

I'm guessing I'll be accumulating around £400 a month from stealth, will this be suspicious to eBay to buy gift cards?

I have one remaining stealth left, with a bank account attached, so maybe I'll try it with that first.

Good to see you back GB!

oompaloompa · #32 03-26-2015

argos is no good unless the paypal name matches your id, same with boots.....we looked in to those ages ago....

Ebayorbust · #33 03-26-2015

Quote:

Originally Posted by Geegee83

Thanks, yes it's very exciting! I can't wait to get my own house.

I just don't want to go for a mortgage and they start wanting to see bank statements from all accounts showing on file, which would include stealth's.

My credit score is 979 and "Excellent", but I have a past bankruptcy from 8 years ago and I'm worried they will probably be asking me more questions than normal due to that, and also due to being self employed.

I'm guessing I'll be accumulating around £400 a month from stealth, will this be suspicious to eBay to buy gift cards?

I have one remaining stealth left, with a bank account attached, so maybe I'll try it with that first.

Good to see you back GB!

Credit bureaus only hold data for the previous 6 years so something in your credit history 8 years ago should not be seen and therefore not asked about.

Good luck with house purchase.

Ebayorbust · #34 03-26-2015

Quote:

Originally Posted by oompaloompa

argos is no good unless the paypal name matches your id, same with boots.....we looked in to those ages ago....

Argos click and collect does not require ID (buying on Ebay with stuff sent to Argos for collection).

Purchasing from Argos using Paypal and collecting in branch will require ID.

Geegee83 · #35 03-26-2015

Thanks ebayorbust.

Unfortunately for mortgages you have to declare *any* bankruptcy.. you never truly get rid of it. I used to be a mortgage advisor years back and they actually have a separate database they search to find out. Well, they used to years ago anyhow.

Thanks for the clarification on click and collect, very useful!

Ebayorbust · #36 03-26-2015

I wasn't aware of that. Bloody hell, that is really harsh.

RosieTosie · #37 03-26-2015

Also of course here in the UK people needing mortgages are needing to put down around 40% deposits and with the average house price over here supposed to be around £200,000, that is a huge deposit required. Ok for the very successful Stealthers amongst us who have been that successful for a few years, but not so good for everyone else! All thanks to those rogue bankers who screwed up of finances then have the gall to 'demand' theses huge deposits. About an hour away from us is the edges of the Lake District where whole streets could be bought for a fraction of those deposits not long ago.

JamesNorth101 · #38 03-26-2015

40% would be a very high %. Its often 10/15%, sometimes even as low as 5%

Haidukken · #39 03-26-2015

I was just about to say the same- It used to be 40% but I'm pretty sure it's down to 25% and many, many banks doing the 5-10% deposit with Gov. paying the rest.

Geegee83 · #40 03-26-2015

Mortgage's are around 90-95% Loan to Value now, so James is right, a 5, 10 or 15% deposit is fine. We are saving £15,000/£20,000 between us for around a £200,000 house. Where I live that's a 4 or 5 bed detatched though, no crazy London prices for me!

The problem is, most people don't want to save, or can't save because their budget is so tight, but then those people might not be the best to have a mortgage if their budget is so tight.

The government help to buy scheme is also very good, you only need 5% deposit for that.

RosieTosie · #41 03-26-2015

Maybe depends where abouts in the UK people are situated on that one James, and Haidukk that's why so many houses are being built that are not selling and why councils are having to create what they hope are incentives for first time buyers, those very first time buyers who wouldn't need need hoc incentives if they only had to come up with such relatively small deposits.

Geegee83 · #42 03-26-2015

Have a look at Halifax online Mortgages Rosie, that will tell you how much you can borrow based on your deposit, I don't think the rules change for where you live, but the house prices surely do, so that means in some area's 5% is a lot more money than some people can buy.

Owning a house isn't a right though, people need to remember that, it's something you have to work hard to get, especially in the current financial climate.

I wouldn't buy a new build, they are poor quality in my opinion, and small.

RosieTosie · #43 03-26-2015

Yes that's very true there are quite a lot of ridiculously small new build houses. People seem to veering away from buying properties built on anything remotely resembling a flood plain these days as well, which is very wise of course after the horrendous flooding problems too many people are still struggling with the aftermath of only to then find they cannot get insured again.

Geegee83 · #44 03-26-2015

Yes, we are near a big river here, and there are some absolutely beautiful houses within the area that are literally facing the river bank.. so tempting.. and the Environment Agency has actually updated all the flood defences, but still, not worth the stress of it. I'd be looking out the window every time it started raining!