Would you move now?

[LilyLongJohn]

We decided about a year ago that we'd stay in our current house, knuckle down and get the mortgage paid off within the next 8 years and generally put ourselves in a better position financially

A house I've loved for years has just come up for sale in our village. It would mean doubling our mortgage, which we could do but we'd have to move the term back to 16 years. I'm in my late 40s, my dh mid 50s, our jobs are about as secure as they can be at this time.

Would you move now? Corona? Jobs? Inflation? Recession? House market crash? All these things going round in my head

I probably would. I'm a rightmove addict and always looking at possible houses. Do you think this would be your forever home? Is it significantly better than the home you have now? Have you been inside it?
There are two factors in any house purchase - financial and emotional. Does the emotional outweigh the financial cost? It is perfectly legitimate to answer yes - now more than ever. I would say you both need to be on board with this move though.

That's a very good point about 'emotional and financial' I'm going to view it tonight, so I'll bare that in mind. I did covert it on rightmove last time it was up for sale so I've a good idea on layout etc.

We had always planned to move to Scotland in our retirement, although as we get older we realise that has its drawbacks, so it could well end up being our forever home.

It's got the right amount of bedrooms, a study (I work from home) big enough driveway for the cars and more, plus a very small 'granny flat' at the back which we may, it may not, need for my Dad. So yes it does tick the boxes.

None of the current situation issues would worry me, we've just moved into the long term home doubling our mortgage, weighed up our personal circumstances and felt the benefits outweighed the risks. I don't think I'd want to double my mortgage in my 40s/50s though, particularly the latter, so that would be my concern more than the current situation.

I’m a head over heart person so I probably wouldn’t.

In my 60’, I’d rather be retired enjoying hobbies, travelling etc than a slave to the mortgage. So I’d only be tempted if the current property is inadequate or you would want to enjoy the house for 10 years and then downside again for a comfortable retirement.

Yes I would and I did. We bought our first house at the end of May and I have no regrets. A few house prices have came up for sale in my area since (exact same style of house) for a bit more than we paid and have sold already. I'm normally the type of person who worries about things but as I said I have no regrets.

Also she's somehow managed to get a trust laptop when nobody else in the team has been able to, so I am overjoyed not to listen to her whine all day long. Some people are just lacking what others aren't.

We went and had a good look around the house and it doesn't really suit our needs (thank goodness ), so I don't need to make a decision. Now all I need to do is stay off bloody right move

Yes, but only a forever home. Not if I was hoping to sell in a couple of years.

It’s good you’ve seen it and won’t ever wonder what if.