dp says he’s leaving in 3 months no financial help during pandemic

[flopseyR72]

I feel like I can’t make a decision.
dp says he is going to move out of our rented flat in three months it’s 2k a month so I can’t really afford it own
I pay all my dc nursery fees myself already
I was going to buy a house before lockdown in Essex Greater London but now I’m really nervous about a house price crash and recession.
My dd needs to start school in September and has a place locally.
I thought would have moved by now but didn’t do anything during the lockdown
My job is secure nhs
I earn good salary
My dp and me need to split up I don’t like him and I’m not upset about it
I just don’t know what to do about buying moving or renting. I want to give my dp stability I have moved four times since dd 4 was born.
My dp says he can’t afford to give me anything as he’s going to rent himself
I feel really unsure.
What would you do. Buy now although economic recession is looming and local house prices are grossly inflated here or rent somewhere smaller

I can’t say exactly what I do, as too outing, but all facts given are true. I am in a fortunate position work wise. I am currently working more from home due to covid, but hoping this will be extended long term as was already working two days from home. It’s hard to appreciate what you have though when your living in a toxic relationship.

Lots of non issues. If you need to move and buy then buy. If you want to stay in that area and your job is secure then buy.

Just look well and find the house that works best for you, like people have said there are many houses under your max budget in those areas.

Just bite the bullet and buy. As long as it's for the long term and you don't have to sell, price fluctuations like negative equity and loss of value mean nothing.

Also go to cms for maintenance. It's separate to contact arrangements.

I would negotiate with landlord. Hard.

you work part time for the NHS, from home, and earn £100k pa? And you can't afford rent/mortgage?

This whole story doesn't ring true.

Have been looking Chigwell Loughton and Epping

Well there's one of your problems. Try looking in other areas and be a little flexible in your life plans. There are plenty of other decent areas around that aren't quite so pricey so broaden your horizons a little.

Who looks after your pre-school children while you work from home?

I'm utterly confused.

What is the matter OP? You have money, you have a good job, you are renting so are free to leave, you're not married, you can afford childcare, your DP is fucking off of his own accord thank god he sounds like a prick. You can start again.

I can't understand what you are going on about re house prices. I also agree with someone earlier who said if its an issue look at shared ownership. Do you have anyone in RL you can discuss this with perhaps it comes across better face to face - but unless you can make your "problem" clearer, you sound a bit entitled.

@Igtg she has nursery in normal times and presumably like the majority of the uk she is doing it herself whilst trying to work

Thing is though, OP's post isn't about problems with childcare or being left by DP, its about house prices. She's worried about house prices.

You earn £100k why don't you rent somewhere smaller/cheaper by yourself? Then claim cms obviously. You'll be fine.

I'm genuinely amazed that someone who is earning this much doesn't have the critical thinking skills necessary to unravel this conundrum.

In your position, I would rent for a while. You can keep an eye on the market and look at a wide range of areas with good schools and an easy, reliable commute.

Your exP has to pay towards his children's upkeep. They are his children. Your earnings have nothing to do with it. Make sure you get the best legal advice on this.

It's normal to feel paralysed with indecision when your life is falling down around your ears. Ignore the rude responses you have had here, Op. There have been some empathic responses to your situation. Take a deep breath and re-read the ones that you find helpful. The ones that you agree with are the ones that are pointing you in your own right direction. Do try and talk things over with a real life friend or relative. Things will seem more real then and you will feel an impetus to make decisions. Good luck!

So you’re LB Redbridge now? Or close?

I’d look out towards Stansted, Braintree, Chelmsford or even Colchester areas, buy a (more affordable) house, find a good childminder who can offer wrap around care and settle down to a stable life.

It won’t be painless. You’ll have to make an out of year application for your eldest’s school place in the new area, and you will probably wang to transfer jobs at some point rather than commute for years, but it will be worth it financially and in terms of a settled life for the children.

at that age, kids are fine with moving. I moved mine to a different address a year until we settled when they were about 6 and 8. We even lived in a B&B rental for 3 months, and we all shared a bedroom and it was fine fine fine.

The kids' stability is you. So don't worry about moving them.

In your shows I'd get a place to rent, and then take it from there

Oh and go after the deadbeat for child support, if only on principle.

Local estate agents round here (London) are confident that prices will drop by around 10% between now and October. They might go on the market at a higher price, but nobody will be able to afford them.

Sorry.....This is going to be the most unhelpful observation to your post.

But the entire OP post can be read to the tune of Tracey Chapmans 'Fast Car'.

Sorry about the derailing...

I think you are all being a bit mean to the OP! Just because someone earns a decent salary doesn’t mean that it solves all their problems.

I am a lone parent earning a similar salary (in London) and over the years have had to make some bloody hard decisions about housing, etc. It’s pretty hard when you have to make big decisions on your own.

@endofthelinefinally

Local estate agents round here (London) are confident that prices will drop by around 10% between now and October. They might go on the market at a higher price, but nobody will be able to afford them.

Nobody knows. They're guessing.

They may be right, prices may drop by more than that, or they may not drop very much at all.

It's only a guess, and right now it's too early to tell how accurate such a guess might be.

OP, what CMS will ask your DP to pay towards his children is entirely based upon his income. They will not ask what you earn; it's irrelevant to them.

It's a % of his income, reduced by the number of nights they spend at his house as determined by a court order. Ring them now.

one thing to consider is that you can get a very good fixed rate mortgage rate at the moment for 5 years , perhaps more - which would give you some stability with payments . I have been through negative equity in the past and we just rode it out and stayed in the house .

Perhaps - area and income and outgoings are your priority at the moment ? if we all knew what would happen with house prices we would all be rich .