I own my home. I'm far from uber rich, infact I struggle on a day to day basis, but I was lucky enough to sell a house in London & move out & have enough to buy outright.
DS has special needs & his school is very expensive. I've tried my damndest to get help but he isn't severe enough. Anyhow, that is a diversion really. I'm happy to send him to private school as the difference it is making is incredible.
I work full time & earn a reasonable wage but not enough to cover DS's school fees. Ex-H is not prepared to help. Again long story & I won't divert here.
So, I have two choices. I could get a mortgage of about 20% of the value of the house, or I could sell & move somewhere smaller. It is a rubbish time to sell, so I am thinking the mortgage idea is a good one. Any thoughts?
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Sell or mortgage? Financially savvy, this way please
23 replies
PostBellumBugsy · 23/01/2012 12:30
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