Wednesday, 13 October 2010

Busy Bees (by Hannah)

Everything's gone into overdrive here, since we discovered that a house that we liked but could previously not afford is now going at auction. Last night our planned Secondary Rules workshop (click here for an insight into the idea of Secondary Rules) was usurped by a four hour planning meeting, in which I learnt more about the process of buying a house than I ever expected to know. Impressively, I found the whole thing fascinating, especially once we'd written a timeline and thuswise made sense of it all. There is so much for us all to learn.

The process may be complex, but the beauty of working as a co-op is that people can take on roles most suited to themselves, and there is always extra support available for tricky jobs. Sven had two volunteers to help with creating the loanstock flyer, and though Lloyd was happy to work on the provisional business plan by himself, there are two volunteers to help him if he feels that he needs it. Me and Lloyd's mission today was to research potential bank accounts with the Co-operative Bank. Sven and Lottie were dispatched to Nationwide, as some co-op members bank with them and we wanted to ensure we had several options. I haven't heard the Nationwide feedback yet, but I was pleased to discover that the Co-op Bank has a special bank account for co-ops. This is perhaps unsurprising, as they are a co-op themselves, but they will not give mortgages to housing co-ops, so before we went along I wasn't 100% convinced they'd be able to help us. We'll be deciding which to go for at a future meeting.

We all came away from the meeting with jobs to do, and I'm sure there will be more progress and exciting news before the week is out :-)

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