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With Brexit looming, would you move house in these circumstances?

4 replies

twistyturnycurlywhirly · 02/08/2019 10:23

I'd be interested to hear from both leavers and remainers.
We are considering up-sizing in the next few months. Currently we have a 3 bed mid-terrace. One 4 year old and another due in a few months. DH works, I just have a cash in hand job for a couple of hours a week. We can afford to move thanks to my DF giving us 20k inheritance (he said this is it though, there will be nothing when DF goes because his wife will get everything) and in-laws giving us 20k. We also have equity in our house.
I'm just worried about what's going to happen with Brexit. For reasons I won't bore you with, it's now or never. we have to move before January or not at all.
If we don't move, I suppose we can make it work here. The house isn't tiny, but it's not what we want. It will be a tad cramped but we would just have to work round that. There's no garage, parking can be tricky, it's noisy on a bus route, the area isn't terrible but not a naice area at all. The 3rd bedroom is a box room. I'd have to rehome one of our pets as it's vivarium is in what will be baby's room.
Is now the wrong time to buy a more expensive house? Will we regret it if Brexit causes the country to go tits up?

OP posts:
NisekoWhistler · 02/08/2019 10:24

Just move, we will survive credit whatever happens, life goes on!

NisekoWhistler · 02/08/2019 10:24

Credit =brexit

drquin · 02/08/2019 10:30

A colleague has asked similar but only in relation to a holiday!

Only answer is that you can't predict the future.
So if moving is that important to you, then do it & accept that interest rates may change, or other factors will impact your income and / or expenditure..... and you'll have to deal with it.

Without suggesting you're wrong when we don't know all the detail ..... there aren't many scenarios when it's absolutely "now or never" to move. Admittedly many where it'd be better to move or not ....

twistyturnycurlywhirly · 02/08/2019 10:38

Oh honestly, there is a genuine reason it has to be in the next few months.it would take a while to explain. It would basically impact my eldest's future in quite a detrimental way, but it's very complicated!

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