I am shortly to be coming into an inheritance which is a considerable sum (to me).
Around £100k.
I'm nearly 40, I don't own my house.
I live near London where property is expensive.
I am SAHM to 3 under 3 and DH has a good job and takes on overtime and weekend work wherever possible to help.
We have been wanting to get on the housing ladder since we got married but we need a 3 bed house minimum and the affordability calculators suggest a maximum mortgage of around £175k.
With the inheritance this will give us a budget of £275k, but that gets a 1 bed flat around here.
We desperately need a 3 bed house (2 girls and 1 boy) and they seem to start around £350 for something needing a lot of work or £400k for something ok.
It still seems so unachievable.
We could move further out. 15 miles away or so we could get something big enough for our money but we have family here, and are close to DH work and friends too.
Are there any other options?
Should I just put the inheritance in savings for a later day?