We are in a bit of a predicament and I value some view points. We moved to a new town 13mths ago and as we ended up with a buyers who wanted in quick we moved and rented. Rented house is good- spacious and well priced.
But just found out owners want back in this summer. we need to stay in catchment as I have ds2 to get into school next year. Very little on the market in last year in our budget -most ££.
So our predicament is do we move again but rent (£1300 Realistically) and wait for our long term house to come up or do we buy something ok but too small for us - there is something locally that might do if we put on a £30k extension. We would be able to buy it with cash.
Things are further complicated by the fact there is so little on the market in catchment and as my dh is between job we couldn't get mortage ATM so anything we buy needs to be what we have amassed in last 10 years-we are v fortunate I know to have build up lOts of equity. I would hate to be stuck with a house to sell and miss out on The house when finances are better!
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Mortgage free (but small) or wait out and rent
12 replies
taffila · 18/03/2012 07:30
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MyNameIsntFUCKINGWarren ·
18/03/2012 07:32
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MyNameIsntFUCKINGWarren ·
18/03/2012 07:33
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MyNameIsntFUCKINGWarren ·
18/03/2012 20:50
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MyNameIsntFUCKINGWarren ·
19/03/2012 06:23
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