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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

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 4 - Call off the dogs...

Part 5 - @***** bank account

Part 6 - Business bank account interview or Center Parcs?

Part 7 - Reality bites...

Part 8 - The method behind the madness

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

Part 11 - Throwing toys out of prams

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

Part 13 - Time is running out

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

Part 15 - Just call me Peggy

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 19 - OMG EPC FFS

Part 20 - Buy to let mortgages and tenants are like buses


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NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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