If I had a time machine…
Having spent all weekend writing about our USPs, marketing strategies, and sorting out cash flow forecasts I am a bit out of steam for updates. Not that there’s that much to report. I should mention that much to my chagrin our commercial mortgage broker did not jump up and down with joy when I sent him the business plan, nor did he claim that it was the best piece of writing ever seen, hence I’m currently feeling rather under-appreciated.
It did occur to me however, that this process would be so much easier if I had a time machine and could fix the following elements that I have absolutely no control over at this stage in the game.
My current mortgage
I would have been very grateful if a little mortgage fairy had visited me in 2008 and mentioned that interest rates, which were standing at 5%, were going to go down and there was no need for me to get a fixed rate mortgage for 5 years at an interest rate of 5.69% – which seemed like a phenomenal deal at the time.
Saving: £5,800 in early repayment charges + £thousands in reduced monthly mortgage payments had I had the courage to invest in a tracker.
Porthminster View accounts
Without divulging too much information, if I had a time machine I would pop back to 2006 and tell the current proprietors of Porthminster View how to set up their accounts to ensure that they would have no trouble selling it as a profitable business should the situation ever arise.
Saving: Hmmmm, this is a difficult one. Probably would have saved us lots of time and made the process of borrowing money a lot easier, however, it may have meant that we wouldn’t have been able to buy the property at such an affordable price; so maybe not such a bad thing after all.
With the knowledge I have now, I would never have invested so much of our time and energy in Plan A which was a bit of a non-starter. Plan B all the way.
Saving: £1,500 in survey and broker fees + a healthier mental state which wasn’t driving me to think homicidal thoughts about all surveyors in the South West of England.
My car (RIP)
With advance knowledge I would not have turned right out of a side road, on 28th December 2009, straight into the path of an oncoming car, irrespective of whether he was indicating to turn left or not. Without making that slightly disastrous decision I wouldn’t have written off my car in a matter of seconds, therefore resulting in having to buy a new one with our ever depleting funds.
Saving: £2,000 + insurance, etc. to buy a new car, plus I would not be rendered uninsurable through losing my no-claims discount which was tenuous to say the least.
The Big Chill
I might have hidden Danny’s Big Chill ticket so he would have had to stay at home with me all weekend and help me write the 20 page business plan.
Saving: Not sure if this would have saved me anything; it may have made me feel better briefly, yet I suspect my relationship would have been in a worse state than it is now had Danny and I been stuck in my flat all weekend drafting marketing plans together (plus this way I get my own way).
Like I said, I am feeling unappreciated and therefore indulging in a little self-pity.
All in all, there are a few things I would like to wind the clock back on under the supposition that it would make life easier at this stage in the proceedings. However if, like Doc says in Back to the Future (and I’m paraphrasing here), “each action has a direct and opposite reaction” then any of these things actually changing may have resulted in us losing this opportunity; so I guess it’s a good thing I can’t go round fiddling with time… God only knows what kind of chaos I could cause.