Wealth update – 31/01/2022

Deposit drama

I am now going through the mydeposits dispute process as I do not agree to any deductions from the security deposit on the previous flat we rented. I had to provide a bunch of evidence to support my claim, which was a pain, but it’s now all done.

The latest update I had is that it will take 20 working days for the landlord to respond to my claim – so I should hear back in mid-February and hopefully have this resolved by end of that month.

The onus of proof will be on the landlord. They will need to provide reliable evidence, usually in the form of an inventory, or a schedule of condition and photographs, to support their claim for deductions from the deposit.” Good luck scumlord, I’m very pleased about creating this additional headache for you.

By the way, I’m not doing it because £125 (the disputed amount) is a lot of money. I’m doing the above for two reasons:

  1. I want to know what the dispute process is like so that going forward I have the experience in documenting things in the right way and to learn from the experience.
  2. My scumlord is a greedy bastard and I want her to see that she can’t get away with whatever she decides. I think the scumlord has never had any pushback from her tenants and now can’t believe that anybody is fighting back. Oh boy, will she be surprised when I start the claim about her failure to properly protect my security deposit in line with the 30 day deadline and relevant regulations.


Health has been good and I’ve restarted my running training.

I was supposed to have an appointment with a cardiologist this month. I’ve been waiting for this appointment since November 2020. Yes, the NHS booked the appointment 14 months ahead of time. I wonder if I booked a meeting with a client and told them it will take me more than a year to be able to see them… I’d be losing business left, right and center.

A few days before my cardiologist appointment I got a call from the hospital. I was asked if I attended the echocardiogram appointment that was earlier that day. I hadn’t because I never received anything to confirm the echocardiogram appointment.

It’s fascinating, the NHS contacted me after the event to ask if I even attended the appointment. They had no clue.

My dentist (not part of the crappy NHS) texts me a reminder before each appointment – they are actually incentivised for me to show up. However, the useless chaps at the NHS do not care as they will get paid the same regardless. They have zero incentive to improve their service and boy does it show.

Anywho, I was told they would reschedule my cardiologist appointment – it’s been 3 weeks and I haven’t heard anything regarding this. I’m not surprised at all.

Property purchase

I have had zero updates on my flat purchase since early December 2021. I knew not much was going to happen in December due to holidays and the festive period but I thought that things will start moving in January.

I was emailing the estate agent every week for updates but got simply ghosted. Then I decided to email the agent’s manager – again I got ghosted. Then, some chap from the estate agent sent me an email with three other properties to see if I was interested in arranging a viewing – I responded to ask him if that’s a hint that the property buying process has fallen through. He ghosted me as well.

I emailed every single person, who had previously contacted me from that agency to ask for an update and repeated the chasers weekly as every single person ghosted me.

Then last Friday morning I decided that enough is enough and I looked up the company’s CEO. It took a good 15-20 minutes to find out who he was (I used Companies House to start my search process) and then figured out his email address.

It was a proper Karen move, but I emailed the CEO directly and complained about my buying experience and how poor it’s been.

I mean, I work with clients and if somebody was chasing me week after week, I would not ghost them. I’d get on it and get back to them ASAP if there ever was a chaser, let alone multiple chasers. It’s horrendous customer service I’m getting from this estate agent. That industry really deserves its poor reputation.

The CEO responded to my email within minutes and said he’d make sure someone gets back to me and that’s exactly what happened. A manager from the estate agent called me back a few hours later and then followed up again a second time that day once he got further updates. He gave me a half-assed apology about the delays as well and said they’d prioritize my case.

So, the good news is that things with the flat purchase seem to be progressing now. However, the legal stuff is still at square one as the draft contract hasn’t even been sent from the vendor’s solicitor to my solicitor. I was promised this will be sent this week.

Fingers crossed the rest goes smoothly!

Counting my beans

January was my worst month so far for my portfolio – the markets had a relatively poor start to the year.

My net worth as of 31/01/2022 has dropped to £285,761 – it’s a decrease of £70,831 or -19.9% from the end of December 2021. The loss would be even bigger had I not cashed in the majority of my LISA for the mortgage deposit.

The above results are after I made a £1,633 GIA top-up, £452 pension top-up (deducted from salary + employer contribution), and added £175 to my cash reserves.

Although I’m down a lot from a month ago, I’m not that worried. I can still sleep at night and continue to be very optimistic about the future and think the bull market will continue for many years.