Hi all,
A bit strange but my husband and I have an opportunity to rent out our London house and buy up North. Our London jobs have become very flexible about where we work. I am originally from the North and we have two young children, it would be nice to be near my sister, nephews and mum in these early years!
My gut feel is that after a few years though we'd want to come back to London, progress at work and have the city on the doorstep for our daughters. We'd then rent out Northern house and try to keep it as an investment. (Unfortunately don't have enough £ now to do that straight away, we'd have to live in it for three years or so to pay down mortgage enough to be allowed to rent it out).
Here's the problem-
If we come back say July 2025 then eldest will be starting year 3 in September 2025 and my 8 month old will be starting reception.... there is a great school literally over the road but it's very oversubscribed! Eldest might get a spot in year 3 as KS1 class size restriction lifted, but reception age daughter might go on a waiting list and in the meantime go to some horrid school miles away, and there are some bad ones.
What would you do? I have emailed the council if we can send mortgage details as proof of address but ultimately London house utilities and council tax are likely to be paid for by tenants so there's no other proof I can give.
The only thing I can think to do is pay council tax on both properties (i.e. included in the rent) and apply to the relevant local authority at the time? Not sure if this is possibly considered fraud but don't think it is if we move back to a property we own for the school year. It's not like we wouldn't.. it's an 180 mile commute otherwise!
What would you do... ? Other option is to not move up North at all but I feel like we could miss out on some nice time around family and doing something possibly beneficial in the long term with our money. And I thought moving back when my eldest starting year 3 still seems an okay age to make friends and progress okay at school?!
Thanks