Diary of a Buy to Let Purchase Part 6 - Business bank account interview or Center Parcs?
I’m guessing you know the answer to that small conundrum.
So typically, I hit ‘send’ on my previous blog (where I basically slated the NatWest business bank account set up process) and within about five seconds my phone pinged with a text message from NatWest asking me to call them.
Now my initial response was to feel sheepish for being, perhaps, a tad harsh on them.
Then I read the text in full – they want to talk through my account requirements and to allow 45 minutes for the call.
Which begs the question, what on earth was the point in my filling out their tortuous online application? Waste of bloody time, I may as well have just gone into a branch.
Anyway, I received this message on Friday then went straight off to our annual conference and, as I can only call them between 9-5, Monday to Friday and I have been in Center Parcs in Woburn this week (fabulous place, no phone signal), we have made zero progress on the bank account front.
I have to say, I have been so utterly underwhelmed with the process, and actually disappointed that the process has been as pants as I thought it would be…
Perhaps when I get around to phoning them they will tell me that they are doing a Christmas special for new account holders and are giving away a whole family of Nathaniel pigs…
If this happens I am of course willing to retract every negative comment I have made about them. Fickle? C’est moi.
However, Paragon is being the antithesis of NatWest.
My valuation was instructed on Monday and happened today. I will admit it, I am impressed with the speed at which this is all happening.
Assuming the survey comes back in without any issues, I could well have a mortgage offer out early next week.
Except I haven’t sent in the direct debit mandate as I don’t yet have a bank account.
So I most definitely won’t be getting a mortgage offer next week. No fault of Paragon (yes, NatWest, I am however pointing the finger of accusation at you).
The legals are, I believe, progressing nicely. My solicitor has written to the vendor’s solicitor so I guess they are doing their initial legal thing now…
Which reminds me, I need to send my solicitor £500.
Happy Christmas and all that... I am off to throw myself down a water filled tunnel whilst sitting on a massive rubber ring (which is almost a treat after all the bike riding I have been doing ;))
Diary of a Buy to Let Purchase
Follow Jeni as she recounts her experiences of becoming a buy to let investor for the first time.
Part 1 - It was that or a Range Rover
Part 2 - I've made £800 already and I haven't got the mortgage yet
Part 3 - The demise of Nathaniel Pig
Part 8 - The method behind the madness
Part 9 - Join me in a buy to let fist pump?!
Part 10 - The silence is deafening
Part 11 - Throwing toys out of prams
Part 12 - Stuck with the Mini... for now
Part 14 - The end of my sad little tale...
Part 16 - A year on my buy to let portfolio grows by default
Part 17 - If Carlsberg made tenants - shame the same can't be said for the tax man
Part 18 - Always open the envelope
Part 20 - Buy to let mortgages and tenants are like buses
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