Pay off mortgage and start having fun!

We have booked a viewing to see a house on Saturday :eek:


Not at all planning on moving really but spotted a house in the town next to us (between where we are now and work) that has been reduced again and is now possibly within our price range.

Bad points :

On main road (we currently are here)

The thought of selling our shabby house

The thought of clearing our shabby house

The thought of sorting everything myself as dh never here


£550k :eek:

Different town, not walking distance to mums or best friend (usually drive to be fair though :rotfl:)

Victorian but made ugly with extensions



Good points :

5 bed - 4 very large beds of 15ft (ds2's room currently about 5x7)

4 toilets

3 bathrooms

Bus to current town (tube and mainline) Is outside e house or 10min drive

2x large living rooms

Massive garden

Double garage

Detached :T:T

Reduced from £625 to £600 to £550 this week

Double built in garage

Boys can walk to college

Opposite a theatre and 3 mins walk to town with loads of restaurants /bars /shops but not on the busiest main road but one that runs parallel.

Totally renovated and fairly In keeping, with tiled hallway and wood floors etc.


It has not sold as it's on a main road, is ugly and I guess probably because it's so close to the town.


The town is bigger than our town but is not far, around 10mins away. The house prices are a bit less there as we are currently in a pocket of
Crazy prices here, its stockbroker belt where we are and has a reputation for being a bit posh :rotfl: A 3 bed mid terrace a few doors along to ours has just gone up for £400k, one on the road behind £475 for the same with 3 beds but a kitchen extension too. Ours is 4 bed 2x bath but is a bit shabby in places

The new town is similar but a but bigger and busier.

Am I mad for going to look ?! I know we will love it as it's twice the size of ours and totally finished by the looks of it, but so close to being mf now


Help.......

Thanks fortune smiles, it looks like it could be a dream home and the right location for us as a family but is not my home town (which I am very attached to) it's a house that we could never afford here it would be over £800k at least.

Not sure we can even get a mortgage with all our complications.

LadyGnome wrote: »

OK boring voice of reason here:-

How old are your children now and how long will they be at home?

Will that house be too big for you in 5 years time?

How long can your husband sustain working as hard as he is, would being mortgage free take some of the pressure off him?


Would being mortgage free allow you to give extra support to your children as they move towards independence?


How many cruises would you have to forego because of the additional mortgage;)

Just what I was looking for actually

Kids ds are 16/16/19 (all birthdays in July, so soon a year older)

House likely to still be fine for way longer than 5 years as a 1 bed flat is around £250k min at the moment anywhere nearby, even if we stay and become mf it will be a very long time before we can save enough to help all three out.

Dh told me at Xmas (deep breath.... ) that being mf will make no difference to his working hours as he feels responsible for it all regardless of our circumstances - this did cause more than one "discussion" as you can imagine as it was a big part of my wanting is to be mf he feels just as responsible for he staff as us basically.

Currently we are paying between £2800 and £3k pm to clear it in about 17 months (being too frugal really) it would mean a new mortgage of £180-£220 I really dont know exactly how much.

We would have to take a longer term journey clearing it as we couldn't continue paying at the rate we are, probably it would add 5 years if we continue being frugal, longer with cruises

I'm 42 , dh is 44

I hope my it all goes well for you fortune, I think it's quite brave to move to a new area, I used to want to when I was younger, now I can't imagine it