Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

Stay put and pay off the mortgage, or move to a bigger house?

27 replies

Misfitless · 23/01/2015 07:41

We are in a very fortunate position of being able to pay off the mortgage within the first half of this year.

We live in a modest house, with a small back yard, larger than average front garden and one less bedroom than I'd ideally like - our youngest two DCs share a room. The kitchen is small, but what the house lacks in space, it more than makes up for in history, character and happy memories (I think!)

We've lived here since our DC3 was born, so two of our children have only ever lived here, and DC1 can't remember living anywhere else.

I work in a completely stress free job, which I love. It fits in around the school day, so we have no need for childcare, which on my income, we couldn't afford anyway!

DH is self-employed, and has a very stressful job, which he doesn't really enjoy. He shoulders all the financial responsibility, but is happy to do this, and for me to be doing the job I do.

I would love to stay here, and for DH to under less pressure, spend more time at home, have a day off in the week...go fishing, anything but be under even more pressure!

He's keen to move, so that each DC can have their own room, to a house with more land. Even when I've talked him round, and he agrees, he keeps going back to "Should we, shouldn't we?" scenario.

WWYD wise ones?

OP posts:
GirlsMummy2 · 23/01/2015 23:10

You could always pay the mortgage off, then rent the house out and rent a larger house yourselves. That way, you don't lose your beloved home or the security it offers, but you get the opportunity to live somewhere larger to see how it suits you all. That Lus, as you'd have been paid off your mortgage you could use the income in generates to pay for your rental property

Misfitless · 24/01/2015 07:44

OOh, I like your thinking, Girls. Thanks.

OP posts:
New posts on this thread. Refresh page