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.
Disclaimer: I'm just a simple landlord blogger; I'm not qualified to give legal or financial advice. Any information I share is my opinion based on my personal experiences as an active landlord, and should never be contrued as legal or professional advice. For more information, please read my full disclaimer.