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Original poster

would you move somewhere that you don't particularly want to, to be mortgage free?

62 replies

MarmaladeFatkins · 31/05/2023 07:54

just that really. I love where I live, have lived here for 20 years. but I will be paying my mortgage until I'm 70. I could move 20 miles away and be mortgage free. but it's a very different area. not horrid, just different. from city to countryside

would you do it?

OP posts:
SaveMeFromForearms · 31/05/2023 07:56

No, I do live in the countryside and I'm bored shitless. Give me a mortgage and stuff on my doorstep any day!

romdowa · 31/05/2023 07:58

I probably would to give us financial security but I've dc and not having to pay a mortgage would free up money that could be spent on them

Gardenerboo · 31/05/2023 07:58

Yes. In fact we’re in the process of doing just that. From a slightly more desirable rural location to a local village.

The financial freedom with teens out weighs the location for us. But I understand that it’s personal.

SolemnLaughter · 31/05/2023 07:58

No because you could get stuck there. House prices will rise and you might not be able to afford the mortgage at a later date.

GiveupHQ · 31/05/2023 07:59

Hell no

Can’t believe you’re even asking actually

GiveupHQ · 31/05/2023 08:00

Presuming you’re not on the bones of your arse where you currently live because of your mortgage

GiveupHQ · 31/05/2023 08:05

How old are you op? Children?

Original poster
MarmaladeFatkins · 31/05/2023 08:13

I'm 50 with teenagers. would wait 3 years until they can drive/live independently. I am disabled and don't want to work until I'm 70, is the reason. I am on the bones of my ass, yes! but wouldn't move the kids so not yet. I would enjoy aspects of it....less people, good access to walking. and my thinking is, I am still in easy drive/train distance of here

OP posts:
GiveupHQ · 31/05/2023 08:14

MarmaladeFatkins · 31/05/2023 08:13

I'm 50 with teenagers. would wait 3 years until they can drive/live independently. I am disabled and don't want to work until I'm 70, is the reason. I am on the bones of my ass, yes! but wouldn't move the kids so not yet. I would enjoy aspects of it....less people, good access to walking. and my thinking is, I am still in easy drive/train distance of here

Physically disabled?

young teens or older? Their plans in terms of further education?

peachicecream · 31/05/2023 08:14

Not out of choice, no. It's worth paying a mortgage to be in the right location. But if you can't afford the mortgage then obviously that's different. You have to live within your means.

GiveupHQ · 31/05/2023 08:15

I wouldn’t count on three years until teenagers can live independently!

Original poster
MarmaladeFatkins · 31/05/2023 08:17

GiveupHQ · 31/05/2023 08:15

I wouldn’t count on three years until teenagers can live independently!

well they CAN....so they can choose to come with me, or stay here, I mean

OP posts:
GiveupHQ · 31/05/2023 08:17

MarmaladeFatkins · 31/05/2023 08:17

well they CAN....so they can choose to come with me, or stay here, I mean

Show quote history

So they are currently older teens rather than, say 13?

Original poster
MarmaladeFatkins · 31/05/2023 08:17

GiveupHQ · 31/05/2023 08:14

Physically disabled?

young teens or older? Their plans in terms of further education?

Show quote history

yes, physically disabled

OP posts:
Original poster
MarmaladeFatkins · 31/05/2023 08:18

GiveupHQ · 31/05/2023 08:17

So they are currently older teens rather than, say 13?

Show quote history

yes

OP posts:
Original poster
MarmaladeFatkins · 31/05/2023 08:19

Gardenerboo · 31/05/2023 07:58

Yes. In fact we’re in the process of doing just that. From a slightly more desirable rural location to a local village.

The financial freedom with teens out weighs the location for us. But I understand that it’s personal.

yes, the idea of financial freedom is very compelling, isn't it?!

OP posts:
GiveupHQ · 31/05/2023 08:20

MarmaladeFatkins · 31/05/2023 08:17

yes, physically disabled

Show quote history

So rural walking may not be appropriate?

bibbityboppityboo · 31/05/2023 08:22

I'd think carefully depending on your disability if the countryside area would work for you - depends on your area, but mine has basically 0 public transport, to get the any sort of bus stop or similar isn't very accessible and the local taxi firms might have one or two accessible taxis.

It might be quite isolating depending on the nature of your disability. I live nearby a lady who uses a wheelchair at all times, she's very isolated and relies on her partner to take her anywhere at all. The roads around here are country lanes at National speed limit with no paths, so unless he's available to take her somewhere she can't leave.

RollingOnTheRiver · 31/05/2023 08:24

No.
I am desperate to reduce my mortgage and have been looking at moving to see if I could be mortgage free (DH life limiting illness/panic about being left to struggle) but each house I look at that makes it possible is either a wreck or out of the area.
I would rather buy a wreck that I couldn’t afford to do up right away than leave this area, even going to the next town over fills me with dread.

Summerslimtime · 31/05/2023 08:24

I wouldn't move to the countryside into older age. You need regular public transport and amenities.

GiveupHQ · 31/05/2023 08:24

The properties that you would think to move to - suitable for a single person or for four people if your teens choose to join you?

GiveupHQ · 31/05/2023 08:24

Summerslimtime · 31/05/2023 08:24

I wouldn't move to the countryside into older age. You need regular public transport and amenities.

Often never more so in old age!

Breakingpoint1961 · 31/05/2023 08:26

I moved when i split with my partner. I moved to somewhere I knew well (or thought I did) visited regularly. My DS was 12, we'd moved from the edge of London/essex to further into essex (very nice area)!BUT I was a taxi service for many many years..bus services ridiculous, and I hadn't bargained on that. My DS didn't pass his test till he was 20.

If I didn't drive, life would be a tad difficult, though not dreadful, it's not rural, so I'd really weigh this up with your DC, and also transport links/hospitals/shops etc easy to get to. I regret moving here only due to the transport. Any of us may have to stop driving due to ill health, think carefully, and good luck!

Blueskies13 · 31/05/2023 08:30

It depends if you move somewhere that has amenities and transport links. I live in the countryside and love it. Used to live in town. Part of that is the dog walking etc. which may not be accessible if your disabled. Could a big village be a compromise with amenities? I can understand paying a mortgage for another 20 years could seem a long haul. Would sitting tight where you are and downsizing once the kids are older be a option.

possomcandle · 31/05/2023 08:39

It depends on your finances. We are doing this because it will mean that instead of paying the mortgage monthly we will have a bit of spare cash for things like kid's sports clubs, the odd camping trip, pub lunches and just general socialising. If you can afford these things anyway then maybe it isn't worth the move but if your quality of overall life will improve by moving then it makes sense.