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Original poster

Should we buy this house?

34 replies

Whatname44 · 27/02/2024 13:08

Me and my DH are currently about to be mortgage free but in a bit of a roughish area. Not too bad but just not where we want to live.
We have viewed a house where would need a small mortgage to buy (40k max) lovely massive garden, closer to DC's school etc
I really want to go for it but DH doesn't, would rather be mortgage free even if it isn't where we want to end up.
I am early 40's DH is mid 50's.
Should we just do it not?? I just can't decide what to do.
Thanks everyone

OP posts:
LumpyKat · 27/02/2024 15:02

I would, and will be. We are mortgage free, but will be selling and moving this year due to bad neighbours. We will be taking on a mortgage of about £150-200k. 40 and 45 years old. £40k is nothing really for a mortgage

Lovingthegrungerevival · 27/02/2024 15:13

10 years of debt hanging round your neck from your mid fifties - definitely not.

Original poster
Whatname44 · 27/02/2024 15:19

@Merrow to just stay there mortgage free or possibly move somewhere we wouldn't need a mortgage but to do it up.
@Lovingthegrungerevival thank you for that, i do feel like I would be selfish to push it which is why I thought i would ask here.
Thanks everyone

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General money
TheSingingDefective · 27/02/2024 15:23

If DH is over 55 does he not have a pension fund he could maybe take the £40k out of tax free ?

Merrow · 27/02/2024 15:34

I'd prefer a mortgage on a house that didn't need any work done over the uncertainty of a doer upper

BIossomtoes · 27/02/2024 15:41

TheSingingDefective · 27/02/2024 15:23

If DH is over 55 does he not have a pension fund he could maybe take the £40k out of tax free ?

Only if he’s totally bonkers.

Lovingthegrungerevival · 27/02/2024 16:17

@Whatname44 If you were both early forties, I would say 100% go for it. I'm not against debt at all and 40k seems a relatively small amount of money but your DH will be looking at things from a completely different perspective.

LookingGlass99 · 27/02/2024 16:25

I'm mortgage free and it's the best feeling, but I'm in an area I absolutely ❤️
I think it's very important to prioritise happiness though. If I had to live in an area I really didn't like, mortgage free or not, I wouldn't be happy.
40k is a very small mortgage, for the sake of happiness- I'd do that if financially viable and doesn't stretch you. Maybe overpay and get rid of it quicker?
Being mortgage free is such a weight lifted - but feeling happy in your home/area is equally important imo

StarlightLime · 27/02/2024 16:30

Definitely. £40k is a tiny mortgage (relatively).

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