My discussions with the Notaire resulted in the need to change the way we own the land before we can sign the mortgage agreement before we can have any money. Now in order to change the way we own the land all the owners have to sign the document. Before our holidays I arranged a meeting for all of us.
We have just returned from our holidays eager to discover what is going on as Hervè has promised an imminent start to the construction. Well as I said we now have a hole in the ground.
We arranged this visit to Morzine to coincide with Rob and Sharon being there. It is really hard to get all four of us in the same place at the same time but we all needed to sign the Notaire's documents in order to change the way we own the land.
In order to split the land between us we have to pay a fee. This fee is 7000 Euro's ! Each! Now I wanted to get an invoice from the Notaire and get the bank to pay this money after all I cant start building until the land is split, but no the notaire had other ideas. He wanted the money before he submit the documents so straight there he phoned the bank and spoke to Julian (a very nice chap, at the moment, who arranged my mortgage) Julian explained that no way could this fee be paid for out of the mortgage. Oopss.
Upshot is the Notaire allowed us all to sign the documents (thank god as getting us all together again would be a real nightmare and probably not possible for at least a couple of months) he is waiting for all his fees before he signs and submits the documents.
As well as the land split there was the actual mortgage agreement and that is going to cost us another 3900 Euros. Again I thought his could be invoiced and come out of the mortgage, OK that is perhaps a bit naive thinking that the mortgage would pay for its self (if you know what I mean) but now I have to come up with 11900 Euros!
Well, we moved all sorts of money about and sent the Notaire his 11900 yesterday so we should have our hands on the mortgage euros quite soon !
What with going on holiday and not getting paid whilst I am not working (contractor) and the moving money about we had to do to pay the Notaire we will be seriously skint this/next month.
Wednesday, August 30, 2006
Tuesday, August 29, 2006
...a hole in the ground. Luxury!
Well they have finally started. After 6 years we have a hole in the ground ! 
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