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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Pack in the job, rent out the house, get in the camper van, fuck off

337 replies

GotTheBug · 08/01/2025 07:49

WIBU to do the above?

We have a house with a small mortgage, stable but unfulfilling jobs, a camper van and itchy feet. Some savings (but not a huge amount!) No kids at home, one ageing but currently still independent parent nearby. Both of us early 50s and healthy.

We have talked about doing this for years and I'm increasingly starting to think that we should do it now before we get any older - also I'm aware that my DF may need us around more in the years to come. I guess I'm worrying that if we leave it another 10 years/wait until retirement we'll have missed the window.

Obviously leaving the job and renting out the house are massive steps and that scares me - so much to potentially go wrong. But at the same time, life is for living, right? We could rent out the house easily I think - seaside location, an hour from London on the train - and the rent would pretty much cover our travel expenses. DH could take a career break for a year or so much more easily than I could, though, and we'd be pretty skint on our return.

Would we be mad to do this, or mad not to?

OP posts:
Threewheeler1 · 08/01/2025 11:13

Barney16 · 08/01/2025 08:22

Go now before your elderly relative gets too old. There's a sweet spot before elderly parents need much more help and you should take advantage of that.

This is so true.
You don't necessarily see it creeping up either, and then you're stuck in place for a good while (still got kids at home and a sick Mum who needs me for as far into the future as I can predict)...
I'd say do it OP - one life and so much to see and experience😃(...early 50's and realising I haven't really seen much yet but hope to one day) in the relatively short space of time we get being free of obligations.
Good luck with your decision/planning etc!

TouristTaxtoken · 08/01/2025 11:14

The sensible method would be to pay off your mortgage fully first. Then rent out your property

I believe that everyone can access their personal pension at 55 & take 25% tax free
Investigate this as a way of paying off your mortgage

We have a camper van & go for shorter trips
Some campsites ate £40 per night with facilities, some are free

Buy camper van breakdown insurance

WhichWorkingHours · 08/01/2025 11:25

I agree that "life is for the living", but the months and years once you return from your potential trip are also "life" and it's worth being careful that these will be of decent quality too (as much as any of us can, obviously elements of this are outside of our control).

You haven't answered questions on the state of both of your pensions, which is fair enough, it's a public forum and you don't have to share, but does make me wonder if they're quite small.

Renting is a roll of the dice, as you can see on this thread it's worked out for many but some have broken even and there is the potential for a tenant that will be difficult and cost you much more than you expect.

If you're selling/downsizing don't forget solicitors fees, estate agents fees, stamp duty (can be v expensive), the cost of storing your furniture and belongings or paying to buy new.

Again, I know I sound quite negative about it, but I'm just highlighting some of the areas that "go for it!" doesn't cover.

Also for those saying "my friend/brother/aunt etc did it" are overlooking the fact that their financial situation is likely to be completely different to yours. Some might have substantial pensions, be sitting on bug inheritance or have a portfolio of investments or savings and so on, and so the level of risk involved for them would be completely different.

I wouldn't want to spend a year in a campervan worrying about my future. I would want to feel confident that I was coming back to a decent lifestyle.

BeAzureAnt · 08/01/2025 11:26

AlwaysPeterPan · 08/01/2025 10:50

It's what you wrote. If you want to be more accurate, then people won't misjudge you.
What comes over is that you've not given very much thought to the finances and practicalities. If you had, you'd not need to ask.

Edited

@AlwaysPeterPan are you a teacher?

BlueSky2024 · 08/01/2025 11:26

Would love to do it, if it makes financial sense go for it

Jellyslothbridge · 08/01/2025 11:30

You already have the camper van so that means you don't need to buy one and have experience/know you like it. You could leave your job and perhaps find occasional work, Airbnb your house (you said seaside location) for every school holiday or DH does bank teaching every now and then for a year as an initial trial. I would go for it.

ReignOfError · 08/01/2025 11:32

I haven’t read the whole thread, but have read all your posts, @GotTheBug . I’m not really into telling others what to do, but, fwiw, this is my experience:

I re-mortgaged and then rented my house (single parent of adult kids) in my early 40s, when I had far less than five figure savings and lived on a narrowboat, travelling for much of the year and working temp jobs over the winter and when needed. Three years on, I sold my boat at a profit, and emigrated for a few years. My house was not trashed. I did use an agent, so factor that cost in, but I think that was thoroughly worth the fees. When I came back, in my early 50s, it took me three months to find a job, and three more before it started, so, again, I just did temp jobs to tide me over. Zero regrets and some fabulous memories and friends from those days.

When I was 59, and by then married, my husband was diagnosed with a life-limiting illness, and we realised that if we wanted to do more longer-time travelling, it should be soonish. So a year later, we sold our house, downsized to get rid of the remaining mortgage and give us a financial buffer, cashed in one of my husband’s pensions, and sodded off backpacking round the world for two years. When we came back, our house was slightly damaged (about a thousand quid’s worth) and we had to stay with friends for three months before the tenants left. I’d planned on early retirement, but was bored, so after six months or so found a job in a new-to-me field on an initial two year contract, which led to other roles with the same employer, all the way through to retirement in my late 60s. No real regrets, but cashing that pension may have been a mistake, as my husband (given a 2 - 5 year prognosis 10 years ago) is still alive!

My mum died when she was younger than I am now, very shortly after she retired, and since I retired I’ve had a couple of injuries and a failed corrective surgery, which limits how active I am. Similarly, although my husband is still alive he’s now less mobile (and travel insurance for a long trip is prohibitively expensive - we recently had a quote for a continuous year of travel that was £8k!) so we are glad we made the choices we did.

One thing I did do was to pay voluntary NI to cover missing years, so I get a full state pension. My other pensions took a hit obviously, although when I was working I paid extra in when I could, but it’s worth factoring that into your planning. It was still worth it though.

SoNiceToComeHomeTo · 08/01/2025 11:32

WiseLurker · 08/01/2025 07:59

Have you accounted for tax properly in your calculations, and the inevitable costs when your house gets trashed and the scumbags who trashed it / stopped paying rent won't leave?

Eh??? There are plenty of responsible tenants around. Use a good letting agent who will check credit scores and references and arrange insurance in case the worse happens.

Cappuccinowithonesugarplease · 08/01/2025 11:33

Do it! Life is too short, fucking well enjoy it.

ilovelamp82 · 08/01/2025 11:34

Definitely do it! Life is short. You don't know what is round the corner. You're more likely to regret not doing it than doing it. Live some life.

BabyShock879 · 08/01/2025 11:35

MIL died suddenly at 55.

My mum got a horrible cancer at 50 (she's still alive but living a very different life due to ongoing health issues and travelling around is not possible).

My paternal grandad had a heart attack at 60.

My maternal grandma had a stroke at 56.

So yeah, do it.

MonsterasRock · 08/01/2025 11:40

I wouldn't do it because

a. I have a risk adverse personality

b. Low 5 figure savings doesn't sound like much.

C. Renting out house sounds at worst like a nightmare (tenants from hell etc) and at best immoral (renting out house to potentially move back in x months to sell on return - this would be someone's home).

D. You have a good salary. An exit would be a one way ticket. I've done that already. Have a decade of regrets...

Yalta · 08/01/2025 11:46

I wouldn’t sell.

I would though look at holiday letting and finding a company who will take on the whole process and management and you get sent the proceeds. (Unless you want to organise it yourself from remotely) Where you live sounds like somewhere that would fetch a much higher fee during any school holidays and the spring, summer and autumn months

Letting out your house this way means you don’t have to find storage for your bigger items of furniture and everything can remain in place. It is just your personal items and any breakable stuff that you don’t want breaking

Storage fees are extortionate so with that in mind look at selling any stuff you really don’t need or want on FBMP or Ebay
How big is your loft? Can you get stuff in there and if you run out of space in the attic then storage containers (advertised on FBMP are so much cheaper than the storage units in the big buildings

Selling stuff means you can raise funds for your trip

Dont forget to make sure you have insurance for everything

Get your house ready with matching plates, cutlery and glass ware etc and spend money on good quality bedding/white cotton sheets
duvets and pillowcases, at least 3 sets and good towels

My only misgivings about renting on a long term basis is the government don’t appear to understand consequences to policies they are bringing in and renting returns to the 1970s where landlords can’t get rid of tenants and you arrive back to the UK effectively homeless

AlwaysPeterPan · 08/01/2025 11:46

BeAzureAnt · 08/01/2025 11:26

@AlwaysPeterPan are you a teacher?

Anyone can appreciate that being unfulfilled as a teacher isn't good for students.
If unfulfilled means not enjoying what they do.

Maybe the OP didn't mean 'unfulfilled' (she seems to have clawed that comment back) and maybe she meant no promotion prospects or her H wishing he was doing something different.

The point I was making was that if he wasn't enjoying his work, how much less might he enjoy it having had a year away?

Memyaelf · 08/01/2025 11:47

whoamI00 · 08/01/2025 08:19

I think early 50s are still early. Maybe you could try a month of break if you can and see how you find it.

Haha.. no it isn’t!.. I was 48yrs old when I retired to Spain full time 🤓. I’m now 54 😎 ….sometimes ya just gotta take the leap 😉

notatinydancer · 08/01/2025 11:47

Idea is great , I've done similar but not permanently.
Where would you go?
If Europe and you have UK passports you need to be aware of limits on times you can be there.

BIossomtoes · 08/01/2025 11:48

ChristmasKelpie · 08/01/2025 11:11

In the last 12 months i have lost 3 friends, had 2 more diagnosed with stage 4 cancer, another 2 diagnosed with cancer, one has had a stroke, one with a heart condition and i myself have had 2 heart attacks. One was 63 the rest are/were in their 50s. You are not promised tomorrow so rent the house out and go before you can't.

This. Someone I know worked her fingers to the bone to pay off her mortgage and maximise her pension ready for retirement. She developed dementia in her early 60s and now all the money’s going on care home fees. Do it while you can.

ThisBreezyQuoter · 08/01/2025 11:54

GotTheBug · 08/01/2025 07:49

WIBU to do the above?

We have a house with a small mortgage, stable but unfulfilling jobs, a camper van and itchy feet. Some savings (but not a huge amount!) No kids at home, one ageing but currently still independent parent nearby. Both of us early 50s and healthy.

We have talked about doing this for years and I'm increasingly starting to think that we should do it now before we get any older - also I'm aware that my DF may need us around more in the years to come. I guess I'm worrying that if we leave it another 10 years/wait until retirement we'll have missed the window.

Obviously leaving the job and renting out the house are massive steps and that scares me - so much to potentially go wrong. But at the same time, life is for living, right? We could rent out the house easily I think - seaside location, an hour from London on the train - and the rent would pretty much cover our travel expenses. DH could take a career break for a year or so much more easily than I could, though, and we'd be pretty skint on our return.

Would we be mad to do this, or mad not to?

Absolutely mad not to do it.

We did it, late 40's, handed in notice and travelled around Africa. Cut short by pandemic but had six amazing months.

Got a new job upon our return albeit lot lower pay but I have now returned to above my previous pay grade.

Knowing how easy it is to drop back into our old lives, we have got the urge to do it again and are not daunted by it. Planning for four years time. I will be 55, husband 65.

Get those bags packed and the wheels in motion. You'll regret what you don't do rather than what you do. What's the worse that can happen, you don't like it, come home and get new jobs. Go for it.

SchoolDramas · 08/01/2025 11:55

Go and don't look back! Get sabbaticals if you can. Both my parents suffered ill health relatively young and my dad was very ill on retirement and didn't get the one he dreamed of. We've recently lost friends suddenly in their 40s, really changes your perspective. Don't wait until retirement to do these things if you don't need to

mumda · 08/01/2025 11:56

Work out the costs of renting your house out (and not getting it back without prolonged court costs and rental losses) compared to selling up.

Rhinostone · 08/01/2025 12:10

AlwaysPeterPan · 08/01/2025 10:45

stable but unfulfilling jobs,

@Rhinostone OP's first post- 'unfulfilling jobs'

That's a sad admission for a teacher.

I'm just posting from experience of friends.

DH has friends who do this but they are mid 60s and retired. Fit, healthy, etc. House paid for, lots of cash in hand.

Other friends of mine did this in their early 40s- no kids- and they were self employed, so could do some work 'on the road' using the internet.

Edited

Well, I’d argue that unfulfilled isn’t the same as not liking, but I see where you’re coming from.

Yalta · 08/01/2025 12:13

*MonsterasRock

Given the rental income is going to cover the mortgage and expenses then the savings shouldn’t really be dipped into that much

Renting for a year is something a lot of people want. They maybe between houses or have bought and need a home whilst the place they have bought gets renovated/built
Not everyone looking to rent is looking for a forever rental home.

Also it would state on the advert that the rental would be for a finite length of time so no one who wants to rent for more time would go for it

I also agree that once in your 50s there does seem a stigma about employing “older “ people

Being a teacher though I think there is tutoring and other self employed work that can be picked up

Sometimes you have to go for something risky because it leads to so many other experiences and opportunities

Friend after her 3rd marriage broke down and feeling very depressed she suddenly realised that she had no ties keeping her in the UK

She sold everything she could, bought a caravan and packed young teenage children in the car and drove to Dover. They drobe around Europe for a while then arrived in a new area. She said the first day there she suddenly felt at peace like this was where she was supposed to be.

10 days later she had applied for residency, children were in the local school and they had moved into an apartment and she had found a job after a chance meeting in a cafe

She is so much happier and healthier and looks 15 years younger

Dc have careers that they wouldn’t have ever thought of doing if they had remained in the UK

ToKittyornottoKitty · 08/01/2025 12:14

AlwaysPeterPan · 08/01/2025 11:46

Anyone can appreciate that being unfulfilled as a teacher isn't good for students.
If unfulfilled means not enjoying what they do.

Maybe the OP didn't mean 'unfulfilled' (she seems to have clawed that comment back) and maybe she meant no promotion prospects or her H wishing he was doing something different.

The point I was making was that if he wasn't enjoying his work, how much less might he enjoy it having had a year away?

Edited

Im not sure why you want to take offence at this point. It’s clear in the context of the post he’s unfulfilled because as it says he has itchy feet and wants to take a year out to do some travelling. Then after that he can come back refreshed, he’s considering dealing with this unfulfilled/itchy feet feeling by taking a year out. No children are harmed in the making of this person having a break and living their own life.

Yalta · 08/01/2025 12:16

ToKittyornottoKitty · 08/01/2025 12:14

Im not sure why you want to take offence at this point. It’s clear in the context of the post he’s unfulfilled because as it says he has itchy feet and wants to take a year out to do some travelling. Then after that he can come back refreshed, he’s considering dealing with this unfulfilled/itchy feet feeling by taking a year out. No children are harmed in the making of this person having a break and living their own life.

Or they find something that they both find fulfilling and never come back

Yalta · 08/01/2025 12:17

Or take a look at the state the UK is in and never come back

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