Diary of a Buy to Let Purchase Part 10 - The silence is deafening

Well, it’s all gone a bit quiet on the old buy to let purchase.

This isn’t to say things aren’t happening but the things which are happening just don’t include me!

The latest communication from my solicitor was a copy of the fixtures and fittings list.

It always amuses me that the vendor has to confirm they are leaving the light switches behind.

Surely people don’t actually take these with them?!?!? I guess that they must, otherwise it wouldn’t be on the list.

Anyway, I had a look through the list and the light switches are staying, as is the underfloor heating (bonus) and the washing machine. So I am happy.

And that’s all. NO OTHER PROGRESS.

In the spirit of being proactive, I decided that I needed to get to grips with the tenant staying on and how this is all going to pan out.

Now, I believe my solicitor will get a copy of the tenancy agreement and sort out getting this transferred to me, so that’s good.

However, what I need to do is find out who the current tenants rents through and then sort out our arrangements going forwards.

At the moment I have no idea if it’s directly with the vendor or through an agent.

Tenancy Deposit Scheme

I must admit, this tenant deposit scheme makes me slightly nervous.. Who has the deposit now, when will it be transferred, where on earth will I put it if I am not using an agent, etc?

I phoned the letting agent to ask if the vendor would get some further information for me so I can start sorting this out.

They were very helpful and said they would come back to me... A week ago… And still, nothing…

Now being honest, this type of thing irritates the life out of me, and the end of March deadline is looming – yes, I have two months to complete but nearly a month has gone by and I can’t say that I have seen anything like tangible progress.

So, my plan is that if the agent hasn’t come back to me by the end of this week, I am going to give them a rocket up their sales particulars.

Let’s see where that gets me!

 

 

Diary of a Buy to Let Purchase

2.12.2015 Part 1 It was that or a Range Rover

4.12.2015 Part 2 I've made £800 already and I haven't got the mortgage yet

7.12.2015 Part 3 The demise of Nathaniel Pig 

8.12.2015 Part 4 Call off the dogs...

11.12.2015 Part 5 @***** bank account

17.12.2015 Part 6 Business bank account interview or Center Parcs?

21.12.2015 Part 7 - Reality bites...

29.12.2015 Part 8 - The method behind the madness

12.01.2016 Part 9 - Join me in a buy to let fist pump?

16.02.2016 Part 11 - Throwing toys out of prams 

23.02.2016 Part 12 - Stuck with the Mini... for now

3.03.2016 Part 13 - Time is running out

14.03.2016 Part 14 - The end of my sad little tale...

30.03.2016 Part 15 - Just call me Peggy


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