So ... I went to the bank. The banker is a lovely pregnant lady with two buns in the oven , as it were, expecting twins in February. I had to wonder what the little babies in there made of all this talk of mortgages and interest rates.
I put all my cards on the table expecting an outright " You must be joking " but no ..... at this stage things are still very hypothetical and hope springs eternal. She could not give me a straight answer. It's all pretend figuresl, but doors are still open. One step at a time.
Mrs Banker said that our individual homes would be appraised sometime within the next two weeks. The size of the loan the bank is prepared to give would depend on the market value of my flat. The higher the market value , the better my chances. She would also have to check out the Prof's creditworthiness if he's to be part owner. He would have to take out a second mortgage as he already has one.
My option to swap flats with someone is also still on.
It all feels like a giant puzzle with pieces twirling around around like a pile of leaves in the wind. Only till each piece falls into place will we be able to see the whole picture. Right now , things are still malleable.
My good friend and advisor, Mr H , was really happy today as the stock market was up. We are praying for another 10%
I've been advised to get the Board to sign an agreement saying that the person I exchange flats with would inherit my option to buy after six months , if I couldn't. It's a good deal for anyone wanting to buy and would increase my chances of getting a better rented flat in town.
I asked MrC , our consultant , to draw up an agreement that I could present to the Board for their approval. If they don't approve , they can't expect me to play along.
He'll be back on Monday - it's a holiday weekend
Sent Reiki to this project
Cleared papers in the hall.
Threw out one more bag of rubbish ...power nap time ....