Hamish Rickerby in Reading is doing 35 things including…

start a trust and sell my house to it

3 cheers |

Hamish Rickerby has written 3 entries about this goal

Productive day so far  — 2 years ago
so far today I’ve…
  • Read the 2 documents from my lawyer, and OK’d the trust deed.
  • Filled out the extra small mortgage application for the bank
  • Found someone to clean my apartment when I leave (as I want to rent it after it’s in the trust)
  • Contacted the property manager about signing up.
  • Made a small (late) addition to my property split agreement and that’s back with the lawyers for alteration – should be complete by COB today I hope.

All of those things need to be done before I can complete this goal (well, apart from the cleaner and property manager I guess).

GTD!  — 2 years ago

I’ve been to the bank, and they were (in principal) happy with me assuming my entire mortgage, and transferring the property into a trust.

My lawyer should be delivering me a property settlement agreement today which I need to check, and then the mortgage will be all mine (hang on, that’s not a good thing!).

I should also be getting a copy of the trust deed today, which I need to read and accept, and then the trust gets set up.

It’s all on.

I contacted...  — 2 years ago

...my lawyer last week about this. He got back to me today, and the wheels are in motion.

I need to go to the bank tomorrow to talk to them about it all. I’d quite like to be able to keep the mortgage personally because I’ve got a good fixed interest rate, but I doubt the bank will go for it – especially given after I sell the house to the trust I’ll have virtually nothing to my name.

Hamish Rickerby has gotten 3 cheers on this goal.

 

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