Buying A Repossession - Changing The Locks And Resetting The Alarm

The problem with buying a repossession is that generally the tenants will know they are due for eviction.  You can tell that the general maintenance in the house we bought had been allowed to slip, even though it is only seven years old.  When buying a repossession, or any house for that matter, it is worthwhile remembering you don't know who has a copy of they keys. Add to the fact that a repossession was probably involuntary and the ex tenants may not be happy about it. It may be a pessimistic view of people, but they are your possessions.

Taking the P155

I will admit, I've not ever used a fax machine, but I'm sure it doesn't take an hour and a half to send a fax! Now going to ring the solicitors and have a word! They will call me back, surprise!

**UPDATE** Spoken to the Estate Agent who is in contact with the sellers solicitor who have stated they are in talks with the sellers solicitors and it will be done very shortly! This was 40 minutes ago!

**UPDATE** Still no update. Contemplating telling them to shove it up their arses! Seen another place that isn't a repo and us chain free also. Could we pull out at this stage? Risky I know but this is a joke. It's sending a fax!

*Update* Just received call from mortgage adviser, underwriter has confirmed exchange today and completion Friday. Just need solicitors to do the same!

In the end, we exchanged contracts at 10 to 5. Turns out the repossession company then had to get confirmation from the bank the money was owed to. This took many attempts but was confirm at around half past four and exchange in the end happened. Completion Friday morning!

And So Sets In The Expectation

The bank holiday has flown by and for most the holidays have come to and end and so comes the monotony of work. Due to the fact that we thought completion would have happened by now, I have the rest of the week off. So, tomorrow brings the people involved with the house sales back to their desks and the pile of work that somewhere has what needs to be done for our completion.  Even with all the let downs that have happened to this point, I am assured the only thing we are waiting on is from the sellers solicitors and so... it will happen tomorrow.  I have to say I am getting a bit excited by this prospect, all I am worrying about is getting that completion date in the diary.

4 Day Weekend - Relaxing... For Most

I'm not going to start by saying the 4 day weekend hasn't been welcomed by most, myself included. In fact I, like many, have taken advantage of the 4 days off, booked 3 "standard" work days off and reaped the rewards of a 9 day holiday with a Jubilee 66% extra free! Fantastic!

It's all fine, let's exchange.... WAIT A MINUTE!!

I was worried when I started this blog, I thought I had left it far too late, we were so deep into the process and the signs were pointing to actually getting something done soon. I didn't think anything would happen today, as per my previous post, but I'm an optimist, after all your lucks gotta change at some point right?

Will We Ever Exchange?

So, welcome to the Blog. People say that buying a house is the most stressful thing that you can do, well we are definitely experiencing that. It all started on the 14th February 2012 so that is around 14 weeks ago, seems like such a long time... Well in all honesty, it is!

It's not a complicated transaction, in fact it is probably one of the most straightforward transactions there is. Me and my Fiancee being first time buyers and the house has absolutely no chain with it.  Simple right? Wrong!