Watty's Awakening

Cherryfudge

https://forums.moneysavingexpert.com/discussion/comment/82181217#Comment_82181217

The whole series has been good. Still to watch the Romans.

daisy_1571

Oh I thought there were only the 2. Cheers, will search for more

Watty1

Well !!! Gathered crowd - you were right. I am surprised!! And before you have even started on the snacks!

4 voice notes from a Greek island.

(She has half the funding she needs borrowed from parents and in-laws, a little bit of savings and needs to borrow the rest from the bank but that is more advanced than her accountant led me to believe, he was just being cautious and yes it can all be done by Christmas and she is super keen but so understanding if I want to explore other options but she is really excited. She would prefer staged payments so she can earn some money from the company and not borrow so much as the repayments will be high but she understands I don't want to do that - mentioned in two voice notes I presume for emphasis and she will have to put her house up for security which is a really big thing but she is going to do it.).

debtfreewannabe321

Ahhh perhaps that was the push she needed. Will you backtrack now?

WelshmansDaughter

But why not just say all that in the first place?

Watty1

@WelshmansDaughter apparently it was her accountant who didn't want to say (?) and @debtfreewannabe321 I will think on.

To be honest dear audience of this saga, having relistened to her messages there is a lot about not being able confirm borrowed money because interest rates are all over the place because of what is happening in the world and not having all the information to hand to confirm the loan.

I think I will just get on with the other plans tbh but I want to talk it over with VNM.

rtandon27

Sounds like her messages while they may be genuine, demonstrate that the funding is not actually secured, it is in the process…and a reminder that her collatoral is not your worry - she would be making a choice to put up her house.

Now back to my gin & tonic - there is also virtual antipasta for anyone needing nibbles! The caperberries are particularly tasty!

greenbee

Why does she think you need to know that she has to put her house up as security? This is a business deal, so she needs to be able to fund it and commit or do something that is less risky.

I had a similar issue when selling my last house - buyers clearly lied about having a mortgage in place, and when I finally gave them an ultimatum they asked for a price reduction because the market had gone down and rates had gone up - I just pointed out that they were the ones who had caused the delay, and I'd already made clear that I didn't need to move - so exchange by x date with completion by y date at the offered price or there's no deal.

I'd also originally said I might sell them some furniture, but when they asked told them that I'd lost the house I'd been planning to buy as a result of their delays (not entirely true) so I didn't know what I'd need. Actually I just didn't want to do anything nice for them - the only nice thing I did was to leave the place spotless, (but that's partly not wanting to leave any of 'me' in the house which I know is a bit odd) so they had no reason to complain or contact me.

Humdinger1

Cancel the popcorn, I'm sending out for industrial quantities of cheese. And gherkins, naturally. Do you have your conductor's baton to hand @Watty1? Those tiny violins need to know when to come in...