ABBA had it right; it ain’t funny, especially when you’re trying to raise it against an unmortgageable property.

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I will hold my hands up here and say that I’ve been EXCEPTIONALLY lucky and am borrowing the money to buy the croft from family, although I’ll be paying interest on it at base rate plus 3%.  That covers the purchase price and my savings will cover the solicitors’ fees and some of the work that needs doing, but by no means all of it.

So what am I doing about the rest?  Well, it’s a bit of a risk and could all go horribly wrong, but I have a clean credit record and four credit cards with high limits that keep sending me 0% cash and balance transfer offers.  So I’m planning to put the work on the cards and hope that I can get it done up and the issue that prevents the house being mortgageable sorted before the 0% period runs out, then apply for a mortgage to pay back the cards and the bulk of the family loan (although the family is happy to let the loan run for a while if mortgage rates start doing silly things).

As it happens, I had a bit of luck last week regarding finances.  I’m self-employed and one of the companies I freelance for offered me a guaranteed 20 hours a week.  Initially I was going to turn it down, as it’s less money than I usually charge per hour and they wanted me to work 6am until 10am every weekday.  Then I thought about it, decided that I was being a totally spoilt princess and if the universe was going to drop over half of what I need to earn each month into my lap in return for the alarm clock going off half an hour earlier than it does anyway for my husband to get up, it would be extremely ungracious of me to turn it down.  Guaranteed income means less time spent drumming up new business and these guys pay promptly and never need chasing.  The rest of what I need to earn each month will be easily covered by my other regular clients and shouldn’t take up more than 8-10 hours a week, meaning I’ll be able to block out periods of time to work on the house. I start tomorrow, wish me luck!

2 thoughts on “Money, money, money…

  1. Scary but very exciting times! I too am self employed with one client paying me a small monthly retainer, which is no where near my normal rate – but it does have it advantages. Good luck!!

    • Well, I survived this morning, though I could have done without waking up at 3am and 4.20am, convinced I’d slept through the alarm clock! I also discovered that if you put an LED light on your dog’s collar so you can see where she is (black dog in a pitch-black field…), you freak your horses out in a fairly spectacular manner. They calmed down once they realised it was her, but there was some pretty impressive snorting and charging about for five minutes!

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