At Last !

Breytenbachs contacted me to say that the developers had served notice to complete and they needed the completion money. I transferred from the saving account and CHAPS’ed it to them. Completion date now set for 5th January 07.

They also asked for the mortgage deed which I sent them a few weeks ago, this is the second document that I have had to send them twice because they couldn’t find the original. I sulked for a bit, sent them a moaning email then thought for the sake of signing a document and finding a couple of witness again it just isn’t worth delaying the deal so I strong armed a couple of guys at work to be witnesses!

Breytenbachs called back to say that they had miscalculated the funds by £40 so I needed to pay up by debit card to proceed, not happy about it but its too close now to get into an argument.

Bit unsure of what exactly to do now, do I need to go and get the keys on the 5th? Do I need to put the furniture together, do I do anything? I emailed Serliana and they said leave it to us and the letting agent so currently staying put.

Man of "Letters"

My Birmingham Park Central apartment is to be let by a company called Arkade Properties. I checked out their website and they seem to have a good coverage of the central Birmingham area which bodes well and the typical rent they are charging is above what Serliana originally forecast in their spreadsheet. The only negative I noticed was that they appeared to be charging more for property management than was forecast.

My feeling was that as Serliana advertised themselves as being able to negotiate discounts from letting agencies then I shouldn’t be paying the full whack. I contacted Serliana and after a few email exchanges I established that I was indeed getting a discount which brought us under what they had suggest we provision in their cost spreadsheet which is more good news.

I’ve still heard nothing from Breytenbachs regarding Park Central, I can only suppose that it is now the original date of 10 January for completion (I could ring them but I’m beginning to feel like an expectant father ringing the hospital every 5 minutes to ask for updates!). Got a call from Jamie at Serliana who said that they were coming to Birmingham to inspect the Park Central properties that they had brought themselves and would I like them to check mine out. I guess it’s a good sign that the property investment company are buying the same properties themselves.