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Leaving a council tenancy to move back in with mum need some reassurance

254 replies

prestatynprlck · 26/01/2025 09:43

For context I am 28 and single. I was given a council tenancy on a one bedroomed flat three years ago. Since then my circumstances have changed and I now earn 38k a year and I am in a position where I could buy a 2/3 bedroomed house soon. I have a 5% deposit saved but I need 10% really otherwise I am going to get stung my interest rates. I could save this in a year moving back in with my mum. I need to bite the bullet and do it however I know I would never get given another council tenancy again and I feel a bit scared of letting it go. Am I mad to consider giving up a secure tenancy to move back in with my mum?

OP posts:
prestatynprlck · 26/01/2025 09:45

I also don't have children which is relevant I suppose.

OP posts:
JimHalpertsWife · 26/01/2025 09:44

How certain is the house purchase? And how long in your current rental would it take to save the extra 5%?

Dalemp · 26/01/2025 09:44

I think you’re mad if you’ve got a council house. Stay there and save up, and buy if you can.

Namechangetheyarewatching · 26/01/2025 09:44

Yes