Alex Gladwin Blog

It's been over six months since I first shared a blog post about our financial plans and of our plans to buy a buy-to-let for the first time. At the time, we'd had an offer accepted on a house and we thought that we'd be close to getting the keys as the house sale had no chain. However, things didn't quite work out as planned and the house survey we had done came back highlighting too many issues for us. 

So we moved on to a second property which had been very well looked after and would have been very easy to rent out, but that too didn't quite work out as we had hoped. Two separate bank valuations came bak valuing it £10,000 lower than we'd agreed and with the owners unwilling to negotiate, sadly we walked away. 

But sometimes some things just aren't meant to be and fast forward six months later to now and *touch wood* I think we've found the one. We completely changed the area that we were looking in and Adam went up and viewed a few places during lockdown whilst I stayed at home with the boys. There were a couple of village houses with lovely decor that would have been very easily rentable, homes even that we would have loved ourselves if we'd been looking for a 2-3 bed. But in the end we went with our heads and not our hearts and we decided on a property that was closer to the town, easily rentable and worked most 'well on paper' when looking at things like the likely bank valuation and not just what it was being marketed for and how much rent other houses in the same area were achieving.