Wooooah! Crack open the high-street branded sparkling wine (I can’t afford anything else right now!).
It took 122 days (4 months and 2 days), but I eventually came through the other end of the tunnel in one piece. Surprsingly, so did my mortgage broker and conveyance solicitor. There were times when I was ready to kill. Slowly and painfully. Albeit, my project is officially complete. I now officially own a buy-to-let property, which I am currently renting out, meaning I am also officially a Landlord.
I started this project on the 13th of November, 2006 (seems like a distant memory away), it stretched through Christmas and a New Year. I completed on the 15th of March, 2007. The whole process took longer than expected, especially since I was told that the average time taken to buy a house is 6-10 weeks.
However, I genuinely don’t know where the time has gone. Even though times appeared stressful, especially when I thought the whole deal was about to collapse, time has still managed to flyby.
Quick recap of my project
The Mission: Buy a property, become a landlord
13th Novemver 2006 – My Property Investment Adventure Begins
14th Novemver 2006 – Viewing A House For The First Time
22nd Novemver 2006 – Bingo! I Found The Property I Want To Buy
25th November 2006 – Property Buying Strategy- Playing Hard To Get
28th November 2006 – Buying Property- Making A Cheeky Offer
30th November 2006 – Vendor Compromised With A Sale Price
5th December 2006 – Finding A Conveyance Solicitor
6th December 2006 – Organising The Dreaded Mortgage
12th December 2006 – Organising Landlord Building Insurance
12th December 2006 – Applying For A Mortgage Policy
19th December 2006 – My Mortgage Application Got Refused
8th January 2007 – My Mortgage Broker And Mortgage Lender Are Idiots
9th Janaury 2007 – My Mortgage Application Finally Got Approved
3rd February 2007 – The Drainage And Water Search Is Taking Ages
6th February 2007 – Property Chain Is About To Break
13th February 2007 – I’m Ready To Exchange Contracts
15th February 2007 – Finding The Best Local Letting Agent
18th February 2007 – Extra Unforeseen Costs Of Buying A House
21st February 2007 – How Long Does It Take To Buy A House?
2nd March 2007 – Completed- I Now Officially Own A House
15th March 2007 – Pictures Of My House
15th March 2007 – Finding Tenants Using A Letting Agent
I’m not entirely sure if I’ve caught the infamous “property bug” that’s been circulating around the country for a few years now, but I can definitely see the fascination of investing in property. I’ve poured my money into something I can physically touch and admire, and it won’t complain or run away with another guy. Seems like a good move to me.
I’m not saying I’ve found a new meaning to life, but what I am saying is, I’ve enjoyed myself, and the concept of building my future in bricks and mortar for long-term security seems viable and sensible, and something I’m willing to invest more time and money into.
Thank you to everyone
I’d just like to say a quick thank you to everyone who has followed me through this journey, whether it be during real-time, or years after it all happened. I’ve definitely learnt a lot along the way, and I hope others have also learned something new, whether it be something small, big, useful or useless, I don’t care, I’ll take anything.