We have recently found out that our landlord is going to be selling the property that we currently live in. We are not in a position to buy at the moment. Buying is our long term goal however trying to save for a deposit is nigh on impossible when about 50% of our income goes on rent and household bills before food and other essentials.
Suitable rental properties are difficult to come by in my area and go very fast. DCs are 2 and 5 and eldest starts school this year. Even more difficult to find houses in his school catchment area.
DH is viewing a property today however it is quite a bit more than we're paying just now and also a higher council tax band so more output and giving us less to save.
My mum and dad live 15 minutes away from us. When DS's school place is accepted that's him in anyway so can still go to that school. They have a 3 bedroom house. They have said they would take us in.
Pros:
- save lots of money in short space of time
- company for my parents and me as DH works long hours
Can't think of much more!
Cons:
- moving in with parents!
- very different people, they don't go out or drink
- we used to not get on that well but we've all mellowed a bit
- lack of privacy
- all the usual house sharing stuff
- I don't drive so further away from people I know and a bit longer commute to work which is already 1.5hrs each way
- my dad would have to take eldest to school and do pick up when DH was working though they currently watch the kids 2 days a week
Also my mum is unwell and going through tests just now but I think me being there would help with the burden on my dad in terms of he has to do everything in the house and he had a stroke last year.
DH suggested we possibly get something lower priced to rent per month and just put up with it but then we'd be staying somewhere not very nice for longer as longer to save.
Please help!