Saturday, 15 November 2008

After I got the phone call from Julian at Bushnell Porter on Wednesday, it set me thinking. If I did nothing about it and left it until after Christmas and New Year, I could lose a possible sale. If I did do something about this, I could be possibly be home and dry a lot sooner than I originally thought. The other thing is that I've seen somewhere to rent in Whitchurch that I rather fancy. I have seen other places but haven't been able to do anything about them and have had to let them go. I know that if I don't do anything about this then I will be kicking myself.

I was thinking about it overnight and throughout Thursday as well and decided that I would take the "out" and go and see Julian on Friday and talk to him.

On Friday I did go and see Julian. We had a long and very productive conversation. I then went over to Mum's as she was keeping me some of the soup that she'd been able to make. I told her that I'd been to see Julian and what we'd talked about. She did put her views across which did set me off and we did have a bit of a bust up, not good. While I was there, Julian rang me. He had spoken to the gentleman and told me that he hasn't discounted my flat, which is good. But he is having a bit of trouble trying to sort out a "buy to let" mortgage. What I hadn't realised (I should point out that I know absolutely nothing about mortgages) that with the interest rate drop recently, it has pretty much knocked out all of the "buy to let" mortgages. They are coming back slowly and the best that this gentleman can do is a 6% mortgage with 2.5% arrangement fee. As I've said I know nothing about mortgages but that's not good at all. I won't know anything more for a couple of weeks as the gentleman is going on holiday for 2 weeks.

When I got back home, I did ring Mum and apologised for going off on one. I have realised that she is going fight me every step of the way. This is because she is being my Mum and that she is worried.

Wednesday, 12 November 2008

Had a phone call today from Julian at Bushnell Porter. He told me that he'd recently had a phone call from somebody who is interested in buying my flat. The gentleman concerned was buying a studio flat in another part of Totton with a view to renting it out. Now the only other studio flats that I can think of are in Rufus Gardens which is at the back of me.

Now the for reasons best known to the vendor, they withdrew the flat from the market and this gentleman phoned Bushnell Porter asking about my flat. Julian did explain to him that my flat has been on the market for less than a fortnight. He did tell Julian that he wouldn't be prepared to offer the asking price which is fine as I don't expect to get that for the flat. Julian did tell me what the gentleman can possibly go up to as he is looking to buy to rent as we know. He is going to keep an eye on the flat and will possibly make a decision in the New Year. I'm not prepared to give the flat away for peanuts, I do want to walk away with a considerable sum of money in my pocket from the sale.

At the moment, my financial situation isn't good. Mum & Dad know that I'm struggling right now and that's all they need to know. I have told them about Julian's phone call and that they're not to worry. But it does give me an option if I need an "out" fairly quickly.