Chain Reactions

Having read Jane Gardam’s introduction to it, last night I began reading Molly Keane’s 1981 novel, ‘Good Behaviour’.
Early this morning Jackie drove us to Ringwood to make a bank transfer; to visit Ellis Jones solicitors; and to buy some eggs and veg. Rain throughout the night had replenished all the familiar pools, one of which required me to make a wide detour in order in order to pay for parking.
Teetering on a low concrete kerb, I was in danger of stepping involuntarily into the swirling water sent rippling by cars driving through it. In those circumstances one expanding ripple is rapidly followed by another which in turn is ultimately superseded by a smaller one.
Back in October, we felt able, at last, to make an offer for The Old Post House. This was because the buyer of the London house part-owned by Jackie had pressed for completion of his purchase before Christmas, claiming he had both deposit and mortgage agreed in principal. It was not an accurate presentation of his position and caused inordinate delay consequent upon constantly moving goalposts. That sale is now complete, and today we transferred our purchase deposit to our solicitor’s client account. We await exchange and completion dates.
It is more than twenty six years since I bought a house in this country and a lot has changed in that time, not just the prices. Never before have I been caught in a chain. I now understand why our English system is considered to be such a nightmare. For those unfamiliar with this, a chain is the term given to the queue that is created by the fact that most people need to sell one house before they can buy another. No-one can be sure that any one purchase will not break down. Thus if I promise you a certain amount of money for your house, you may then promise someone else a figure for their house. I may have undertaken to buy your property based on another person’s promise to buy mine. If  my purchaser reneges, I cannot buy your place, and you cannot proceed with your purchase.
The Ashcombe Road house I bought when I was 21 was my first, and there was no onward chain. All I had to do was secure a mortgage. In 1963 the amount one could borrow was based upon one salary only. It is my conviction that the major reason for constantly rising prices is the relaxation of that regulation, effectively meaning two salaries, and eventually even more, would be required.
It was in 1968 that I bought the second house, in fact the London one mentioned above. Again there was no chain. The price that year was £5,000. It has just fetched £745,000.
There was an ongoing chain in the purchase of the Gracedale Road house in 1980, but, no-one having misrepresented their position, all went smoothly. Again, the transition from there to Lindum House in Newark in 1987, was unproblematic. Perhaps, until now, I have just been fortunate.
Nothing is certain about photo number 46 in the ‘through the ages’ series, except that it was taken during the period when I was blissfully ignorant about the processes of buying and selling property. Wimbledon Common is the most likely location, and Vivien the probable photographer sometime in 1962.
We also have a term ‘chain reaction’. This is employed when one event, usually a disaster, follows upon another. Whilst I was writing the above notes, I received a call from Wells garage giving the diagnosis on Jackie’s Modus. The water pump had failed. This caused the engine to overheat. That destroyed the head gasket. Oil mixed with water. As, it seems, with everything else on this make of car, labour is intensive because the design is such that, even to change a headlamp bulb requires a complete dismantling job. We are stretched so far on the house purchase that now is not the time to contemplate the purchase of a new car. A quick discussion resulted in the decision to have the car repaired at a cost of £1,200. That sum in 1962 would have been £50 short of 50% of the cost of the first house mentioned above. Given that we had forgotten about stamp duty for house purchases and almost everything seems to have VAT added, I suppose you’d also call the car problem a double whammy.
The late afternoon and early evening were bright and clear. We drove up to Eyeworth Pond near Fritham and walked along the gravel footpath, now, like the surrounding fields pretty waterlogged. On 10th November last year the pond was not as full, and the terrain not as covered in water as it was today. A rivulet feeding the lake had then trickled its way across the heathland through which the path runs. Today the rivulets were new threads speeding into what is currently a fast moving stream that could be heard from a distance. The now familiar devastation to the trees was here, in parts, even more dramatic than in some other areas. My photograph shows what is nothing more than a huge limb torn from a nearby tree, the shattered shards giving an indication of the force with which it had come crashing down.
Chilli con carne (recipe); wild rice and peas; and strawberry jelly in evaporated milk provided our sustenance this evening. I finished the malbec.