The two lower-priced plots we viewed in this new development were bordering a very large pond and everything was very basic with no electricity poles or water lines. No paved road or pavements.
Before we confirmed that agreement Samurai and I went to view the land again by ourselves. This time I paid more attention to the drive to get there, the neighbourhood, the amenities and just the vibe of the area. Seven minutes from the highway felt like a lot because the road halfway in got really bad. I stood out and the breeze was strong that day, everything seemed so peaceful and I knew this all happened for a reason.
We called the agent soon after and confirmed our desire to purchase. The first plot had a somewhat steep slope but the bonus was that there were a few young cedar trees that can come in very handy when they mature. The other plot was also undulating but gentler than the first. We decided on the latter.
I wouldn't doubt that I was still nervous about the price. We never confirmed with TTMF that we would be approved for more money but Samurai was confident our savings will guarantee approval. What I was also nervous about was that even if we were approved, our lifestyle would have to change even more drastically to living off crumbs basically with a bigger monthly installment to pay.
We were also too far into our wedding which was a few months away so there was no turning back from all of the suppliers and contracts we signed and instead have a smaller affair. We also considered downgrading our honeymoon but ultimately decided that seeing that we'll be broke for many decades to come that we might as well have a big BANG before committing ourselves to this huge change.
The sale of the agreement was done with the condition that the owner provides water and electricity to the development so we went to another lawyer to go through the legalities of the agreement. This time we just used the same firm that processed our last application and no problems were found.
We made our down payment to the agent as the agency the seller used authorised him to collect on their behalf. We then made our appointment with TTMF for the application for the loan.
This time we went through the Port of Spain branch but sadly, the service was not like what we got before. The representative seemed very scattered in her thoughts and even though all our documents and savings guaranteed a sure approval, she came with an outrageous statement that she needed approval for a homestead lot like this.
I was confused because all advertising and documentation from their staff and website said no such thing. In fact, they specifically stated that they offer loans for both residential and homestead properties. I also mentioned to her that our last attempt at purchasing property was also for a homestead lot. When I questioned her about these contradictions, she goes on to state that the company's board is in the process of considering whether or not to change this and would therefore need to approve my application.
I informed her that it is still false advertising because if this is something the company is considering removing, then they need to also remove it from their advertising until a decision is made. I felt like she was just using her personal decision to delay our application and informed us that we will hear from her in two days.
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