To move or not to move

[hattiesmith]

I really need some views and advice on my situation.
We are due to move house in 3 months, it's our first house purchase.
Both myself and my husband are not in the best of heath at the moment, I've got ridiculous high blood pressure after a few health scares and he has a heart condition which isn't under control at present. It is making him ill and have a low pulse, lack of energy &
Dizziness. He's having more investigations this week to try and find best treatment.
We have a 5yr old daughter and my worry is the stress of the house move will tip us over the edge stress wise.
We both are 49 so running out of time mortgage time wise and already our mortgage will be until we are 75.
I want to stay in our rented house and focus on our health for the sake of our daughter.
My husband hates throwing money down the drain rent wise and wants a nest egg for our daughter.
I just don't know what to do for the best.
Any advice? Thanks so much in advance

If you have a mortgage lined up, I would just go for it. Realistically this maybe be your last chance to buy - I think it will be harder once you are over 50 unless you have a very large deposit.

It depends on high will cause you the least stress. Renting doesn’t give you the stress of dealing with maintenance and upkeep, but you’re reliant on the landlord to ensure everything works properly. You’re at the whim of the landlord too, if s/he decides to sell or give you notice otherwise. That would increase my blood pressure.

If you buy, the house is yours to do what you want with, but you’re responsible for its maintenance. You’re investing in your daughter’s future, to a certain extent and not that of your landlord. You can’t be told to leave, unless you default on the mortgage payments, of course.

If the stress of the move bothers you, get a removal firm to do it.

Otherwise, I would buy rather then rent, for the security. But you must have been renting for a while and be used to it.

Thank you both for your replies. We've rented for the last 4 years after coming back to the UK. We are incredibly lucky with our landlord who is wonderful and our rented house is fantastic. Any issues are fixed with 24hrs at the most.
It is such a head and heart dilemma.

It also depends what the house is like that you are buying. If it's a straightforward nice house with no immediate problems, you are basically trading one place for another so I'd say do it. A mortgage and your own place is potentially much less stressful as long as you can afford it okay and you can live on it with no extra work or costs.

Go for it. You have a long time to get everything sorted slowly, which will make moving in much easier.

If you take out a 25 year mortgage now it doesn't necessarily mean that you will be paying it off in 25 years time. If you are canny you can overpay in the intervening years as the gap between repayments and income widens, or you can remortgage to reduce the term or to get cheaper repayments.

I have bought and sold four times (just doing number five now) and there are definitely ways to keep the stress to a bare minimum.

Firstly, you and dh sound like you shouldn't be carrying anything. Throw money at the moving process so they can pack you up, move you and deliver all the boxes to the right room.

Secondly, start doing a massive declutter - pots, pans, clothes, bedding, ornaments. Get rid of as much furniture as possible - most people bring too much with them which they then need to get rid of after squeezing past it for a couple of months.

Book a deep clean before move day and just eat out for a couple of days.

I think you should go for it!

you should defiantly buy the house. It's security for your future. you don't want to be paying rent when your 75. also its potential inheritance for your child that will help them out in life. moving is stressful but just think this time next year you'd have moved and be settled in your own home and the stress of it all will be a distant memory.