We have been in a rented property for almost a year having sold last April. This property, the agent and the landlord have not been ideal or easy and although we have been offered a 6 month extension are looking at other rentals. A possible has turned up with a AST of 3 years minimum, which on paper fits the bill re size, location and what we need. BUT if we take it on, it reduces considerably our ability to buy, in fact it almost negates it for the future.
We have been looking for 2.5 years for the right property without success so we are beginning to wonder whether we shouldn't give up on the search and become long term renters, until the dc's have finished their education and our requirements change a little - they are 17 and 14 so it wouldn't be a huge amount of time.
Can you give me what you think are the pros and cons of each - I'm typically anxious about not owning, but maybe it just isn't going to happen for now and perhaps I need to relax about renting. Our experience of renting so far has been pretty crappy and really put me off.....
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Renting long term
5 replies
frostyfingers · 04/02/2013 16:27
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