Moving home . . . Yes, it is stressful!
So, we have sold up and bought a new house. Easy stuff. We accept an offer from our buyer, put an offer in on the house we want to buy, that offer gets accepted so thats it then huh? Where’s the new keys, i’ll move in this weekend? Erm, no. The amount of phone calls i’ve had to make and the amount of paperwork I’ve had to fill in and post off to various people is simply mind numbing. I’m fed up of it, but sadly it is a necessary part of the process. What makes matters worse is when we are given some incorrect information from the start, which means that we have virtually started the whole process from scratch when we were near to completing. This small piece of mis-information turned out to be pretty damn important. Thanks for that. So, what is this small piece of mis-information we were .. erm, mis-informed of then I hear you calling? Well, i’m going to tell you (Wheather you want to hear it or not!?). It was in regards to the Tenure of the property. Tenure you say, what is … Ok, you get the picture right? So, tenure is refers to the land that the house is built on. When a new house is built and you buy it you are only purchasing the house, the land is still owned by someone else who you have to pay rent too of about £35 a year. This type of property is know as Leasehold Tenure. You can, obviously, buy the land that the house is built on and this is know as Freehold Tenure. So, the property we are purchasing is Freehold, which is great because this means that we get a good mortgage deal* and we own the land aswell as the house. Awesome! However, we only found out that is was freehold last week. We needed to know this information many weeks ago as we were originally told that it was leasehold, so everything we had done upto last week was based on a leasehold property. No matter which way you look it, everything was wrong and needs doing again. Oh joy. So, that is the stage we are currently at, appliying for yet another mortgage, awaiting yet another contract and re-organising everything else out inbetween. I’m hoping that everything will be sorted out by the end of the week and we can get one step closer to actually discussing a moving in date, but I am not holding my breath! . . . And thats about all I have to say on the subject.
Steve out!
*Well, I say good, what I actually mean is pretty crap but better than what you can get with leasehold!
