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to not know what to do regarding moving house

80 replies

whatstheworstthatcanhappen1 · 08/01/2016 09:59

So bit of background we bought our house back in 2007 and paid over the odds, first time buyers, young and rushed into it due to excitement. Within 3 months the market crashed and house value lost about 10k.

The house is 2 bedrooms and we now have two children, boy 9 and girl 3. i am desperate for them to both have their own rooms and it's been a dream to try and save for a deposit to move house. We currently struggle monthly due to childcare costs so no spare cash.

Anyway last Sunday I won £10,000 at bingo. just don't know what to do, do we use that as a deposit but may struggle to pay for other costs of moving or do I use it to put a stud wall up in our room to create 2 small rooms? could also pay debts off too to make things more comfortable on a monthly basis?

I feel if we don't use it to move we will look back and regret it.

Possibly have about 2k equity too.

OP posts:
whatstheworstthatcanhappen1 · 08/01/2016 18:40

help to buy scheme isn't just first time buyers ScOffasDyke.

OP posts:
ManneryTowers · 08/01/2016 18:51

OP also just seen you own more than one property. From April 2016 there will be a 3% surcharge on any transactions over £40,000 for second homes or buy to lets. Legislation isn't clear yet as to whether this might also apply even if you are selling the home you occupy, when you have more than one home.

ManneryTowers · 08/01/2016 18:52

Help to buy isn't just for first time buyers, but it isn't available if you are buying a second property.

whatstheworstthatcanhappen1 · 08/01/2016 19:03

I only have one property ManneryTowers, looking to sell and move to new property.

OP posts:
ManneryTowers · 08/01/2016 19:06

Sorry, I don't know where I misread that you were a landlord...!
First post stands!

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