We are a family of 4 (two children under age 3) who are based in Southampton. We want to get on the property ladder but cannot afford the type of property we would want here. We also want to live in a more rural location with access to beautiful countryside and more scope for outdoor pursuits. Hence we are considering relocating to a more affordable region of the country-somewhere surrounded by natural beauty. We have narrowed it down to Highland Scotland, South Western Wales, Devon or Cornwall as property is so much cheaper (you get much more for your money) and the countryside is beautiful in each region. The reduced cost of property in these locations means that we would be able to pay off up to 3/4 of a property price using our savings and inheritance and have a very low mortgage for the rest, which would give us more financial stability and increased disposable income.
We would be leaving one parent (grandparent to our kids) behind in Southampton and lots of friends but all other family live in other cities or countries so it wouldn't affect how much we see them.
The question is has anyone given up their current life: work, friends, family to relocate in order to improve finances and afford a better quality of life? Would it be worth it to start all over again but miss the familiarity of friends etc. on our doorstep? Has anyone done this and regretted it or was it the right decision? Any thoughts would be welcome. Thanks in advance.