What is everyone’s views regarding the rise in mortgage rates?
We are in a fix term contract, once that ends it’s likely that our payments will increase, like most people's. We are considering our options. We work remotely and can generally go anywhere/work from anywhere. My husband works full time and I work flexibly and not many hours as we have a little one.
Homeschooling is an option for me to do when the little one gets to school age, so we don't have to worry about finding schools if we move. With all this is mind, what would you do?
A) Would you sell up and use the equity to buy a smaller property outright in the UK?
B) Would you sell up and consider moving out of the UK to a place that has a lower cost of living? If yes, where would you go?
Thank you in advance for your advice x