Lynton and Barnstaple - Operations and Development

Try this link
https://maps.nls.uk/geo/explore/#zoom=17.94516959232364&lat=51.12894&lon=-3.94295&layers=168&b=1

Which allows you to compare with today’s satalite image

 

There are links to these maps for all the L&B stations at https://www.lynton-rail.org.uk/page/route-mapped

 

....Just over 1 day later and the total is over £17,000 on Justgiving! Well Done to All contributors.

 

We now have 3 weeks left to raise the final amounts we need to reach the agreed sale price for Bratton Fleming Station! Please don't let the station slip through our fingers again! There's still quite a chunk of change needed before the end of July. Please either use the bank transfer form for amounts of £500 and above, or the JustGiving site for other amounts. JustGiivng site is at https://www.justgiving.com/crowdfunding/brattonfleming Fillable PDF bank transfer forms are available on the L&B Facebook site or from me at llabnitram @ yahoo dot com

 

I see the JustGiving page is getting close to £20,000, but aside from that, how many of the 700 £500 "slots" have been claimed so far?

 

Taken from the friends facebook page and posted 1 hour ago with the question asked

"How much more is required".

The reply was.

"Hope to know this from our Treasurer over this weekend"

 

"How much more is required".

I suggest it would be wise not to expect a true answer to that question until all those who pledged donations in recent weeks have paid. We don't want to think we have more money than we do actually have.

Until that money is in the bank account we can't be sure of it!

Mike

 

Note that if (-if....) there is any overshoot, then EA will be glad of the money as there are still many, many little plots of trackbed land to acquire and their war chest is very limited.

 

The 'Just Giving' appeal (https://www.justgiving.com/crowdfunding/brattonfleming) has just passed the 20k (100%) target. But please keep the donations coming.

Edit: No we haven't. The target has been increased to £25k.

 

Just donated and noticed the target had gone up! Good luck with the fundraising

 

We do now know fairly well how much we need to bridge the gap to the purchase price and how much extra for tax, fees, and fixing the septic tank (see post on Facebook Friends of Bratton page). That's why the JustGiving target went up this morning. We are now tantalisingly close to the agreed sale price, but will still need the extras to finish off the acquisition!

 

It sounds as if you know what you're going to do with the building after acquisition, but can you tell us as well?

I find that when I buy a house there is always quite a bit of money that needs spending to get it back in shape, so no doubt a bit of a donations overshoot would be nice.

Don't hold back, chaps !

 

Current state of play (as far as is known by me): We are about 20K short of the purchase price which is needed by end July. Then we have the conveyancing period and the duration of this is of course unknown (typically up to two months; can be shorter, can be longer). At the end of that period we need to pay solicitor's fees and conveyancing disbursements (maybe about 2K or somewhat less). Within 14 days of completion we'll need to pay the 3% land tax required on properties bought for letting out (this will be £9,750) - assuming it is finally decided to use the property as a holiday let (which would appear to me to be sensible). Within the first few months of FoB ownership, we'll need to repair/replace the septic tank, redecorate, and re-furnish. Unknown amounts but, apart from the septic tank, at least the labour costs should be avoidable if we use EA and L&BR volunteers.
[Note: these are all my estimates and are not official FoB, EA, or L&BR dates or figures]

 

Great achievement. My small contribution will be on the way later.

Can I ask the question the other way round. How much has the Bratton Fleming appeal raised to date?

Robin

 

Hi Robin - I don't have the firm figures as our treasurer is busy confirming pledges at this moment. However, it would seem that yesterday we were about 20K short of the agreed sale price. That amount is still under wraps, but will be similar at least to the asking price.

 

Is online bank transfer possible?

 

Yes, indeed. Please find the online Bratton Fleming form on the L&B Facebook page, under Files. This is a fillable PDF and can be emailed back to the address on the second page of the form (or mailed if you prefer). It has all the details for doing the transfer. If you can't find the form on facebook, just email me for a copy at llabnitram @ yahoo dot com

 

Some good news on another matter. The L&B is reopening on Saturday 18th July. Read more at https://www.lynton-rail.co.uk/blog/latest-railway-reopen-saturday-18th-july

 

Note that if the bank verifies the name of the recipient account holder, it's Exmoor Associates, FYI.

 

Also, please mark the payment reference as "FoB", just to ensure that the funds go where they are specifically intended.