Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Fefee
    • By Fefee 7th Sep 17, 5:44 PM
    • 20Posts
    • 1Thanks
    Fefee
    Wanting to Move home but giving up on a great career
    • #1
    • 7th Sep 17, 5:44 PM
    Wanting to Move home but giving up on a great career 7th Sep 17 at 5:44 PM
    Hi, ive got a big decision to make and hoping to try and do the best outcome from me and family.
    Heres a bit of info
    I live in Oxfordshire with my husband and 2 year old. We are both originally from Ireland and have lived in England for 6year and my hubby 15years . Hubby works for F1 . Im a nanny and baby massage instructor .
    Recently I have been really desperate to move home . Biggest reason is that im a very sociable .person . I love going out with friends which for what ever reason we dont have much of in Oxfordshire just makes life so dull and boring. We have some of course but not like the friends we have in Ireland who we have a close relationship for years. Another thing is I miss my families , my sister has 3 kids who adore my son and we can take turns babysitting for the odd night out . We have no help in England .
    We have made 150k on our home in England and could put down on a home in N.ireland but hubby would take a massive pay cut as he would work as a mechanic . So even though our mortgage would be low u still have bills , holidays , food etc and worried we would struggle. Is putting the 150k the best investment or should we invest in a property to rent out and live off the income ?
Page 1
    • dimbo61
    • By dimbo61 7th Sep 17, 5:52 PM
    • 9,550 Posts
    • 5,164 Thanks
    dimbo61
    • #2
    • 7th Sep 17, 5:52 PM
    • #2
    • 7th Sep 17, 5:52 PM
    Buy yourself a nice HOME to live in and enjoy time with family in N Ireland
    Maybe hubby is best to talk too
    • hammy1988
    • By hammy1988 7th Sep 17, 6:12 PM
    • 81 Posts
    • 58 Thanks
    hammy1988
    • #3
    • 7th Sep 17, 6:12 PM
    • #3
    • 7th Sep 17, 6:12 PM
    After reading your post...
    If it was me...

    1. I'd move to Ireland as you sound so unhappy with your current situation, some people are just more family orientated. I'm the same, my husband is in the Royal Navy but I have chosen to live near my family for support (and we have bought a lovely house and no scrummy married quarter for me thanks).

    2. You COULD give renting a trial and the Ireland move a trial and see whether it works out, sometimes the grass is not always greener, but 150k worth of equity is a nice back bone to the situation and gives you more choice.

    3. Personally, I wouldn't want to take the risk of renting out a house, I think taking the money with you sounds less of a risk, the last thing you want is a non paying renter etc.

    4. Yes, your husband may take a drop in income, but you may end up living more economically because you'll be at your families houses for meals etc, you'll spend less to try and socially make up for it with lots of meals out/trips that you might be spending now.

    Also, the drop in income may not be for very long, have you a future plan for when you get there career wise? Would he look to open his own business etc? If he wants to earn more money, then he'd have to look to ways to do so if you really felt you needed it as a family.

    Lastly.

    5. Talk to your husband! Discuss with him. It should be a joint decision.
    • BrassicWoman
    • By BrassicWoman 7th Sep 17, 6:55 PM
    • 1,361 Posts
    • 5,737 Thanks
    BrassicWoman
    • #4
    • 7th Sep 17, 6:55 PM
    • #4
    • 7th Sep 17, 6:55 PM
    Is F1 seasonal? Could he live away during race season?
    Downsized and mortgage free
    Nov17 grocery challenge £133.10/£150
    • Fefee
    • By Fefee 7th Sep 17, 7:18 PM
    • 20 Posts
    • 1 Thanks
    Fefee
    • #5
    • 7th Sep 17, 7:18 PM
    • #5
    • 7th Sep 17, 7:18 PM
    Ive discussed with hubby , the plan is this so far.
    Our house will sell very quick and rent quick to its a very in demand area not bragging but those are just facts.
    So we have thought of coming home living with in-laws while hubby looks for a job . Hubby says a mechanic only gets £1100 per month which would be to low to live on but Don't no if hes exaggerating. Our home in England will be rented out and should make us a profit of £400 per month. Rent in Ireland for a yr see what life is like and if all fails we still have our home in England.

    I agree we might save money as we spend about £2000 per year in trips home giving up all are holidays to be with family and friends . Would be nice to just stay at home or go abroad.

    Hes factory f1 based so it a 9 to 5 job.
    • Fefee
    • By Fefee 7th Sep 17, 7:19 PM
    • 20 Posts
    • 1 Thanks
    Fefee
    • #6
    • 7th Sep 17, 7:19 PM
    • #6
    • 7th Sep 17, 7:19 PM
    We also have thought about running a airbnb business to further our income but no idea how busy it would be
    • cjdavies
    • By cjdavies 7th Sep 17, 7:21 PM
    • 2,792 Posts
    • 2,795 Thanks
    cjdavies
    • #7
    • 7th Sep 17, 7:21 PM
    • #7
    • 7th Sep 17, 7:21 PM
    or should we invest in a property to rent out and live off the income ?
    Originally posted by Fefee
    These always stand out for me as some people don't realise what this business entails and not fair on the tenants.

    Research first on what you need to as a landlord and tenant rights then decide is for you.
    • lynz68
    • By lynz68 7th Sep 17, 7:37 PM
    • 314 Posts
    • 296 Thanks
    lynz68
    • #8
    • 7th Sep 17, 7:37 PM
    • #8
    • 7th Sep 17, 7:37 PM
    Is your husband on board with all of this? I'm only asking as the reasons for going seem to be all yours also i can imagine working for F1 is quite an adrenalin rush going back to a normal working life may be difficult for him.

    If you're both on board that's great.

    What you also have to consider is the reality of going home going to live up to the expectation you have built up in your head.


    You have good equity in your current home but you also have to keep in mind one of you at least is going to have to have a job to get a mortgage. You could obviously buy something outright here with that amount of money but you're going to need to be able to live in between moving home and getting a job which may not be all that easy.

    Have you tried to find out what sort of salary a mechanic can earn in NI? While the cost of living is cheaper so are salaries.
    • Fefee
    • By Fefee 7th Sep 17, 8:34 PM
    • 20 Posts
    • 1 Thanks
    Fefee
    • #9
    • 7th Sep 17, 8:34 PM
    • #9
    • 7th Sep 17, 8:34 PM
    Yes I would say Im more for moving home than he is and if I didn't push he probably wouldn't have move. That said hes definitely said he wants to move home and I genuinely believe he would be happier , maybe not so much job satisfaction but sociable and quality of life definitely . I see it wen hes home he changes , hes more happy . I think its important to him that im happy to.
    I have lived the last 8 years for his career and living away from my friends and family has been a massive scarfice . Ive really tried to be happy here in England but I find I just so alone. Really done with living like this.
    • Fefee
    • By Fefee 7th Sep 17, 8:35 PM
    • 20 Posts
    • 1 Thanks
    Fefee
    I have tried finding out salary but its hard to say.
    • trailingspouse
    • By trailingspouse 7th Sep 17, 8:42 PM
    • 2,377 Posts
    • 3,381 Thanks
    trailingspouse
    A few thoughts, as I've moved around a lot and also lived 'abroad' (in my case I'm English and lived in Ireland for 4 years).

    - generally it's never a good idea to go back. Things change, people move on, things won't be the same as they were when you lived there before.
    - your OH has a good job, and that's not to be taken for granted.
    - your child is very young. You wouldn't be going out with friends that much with a young child wherever you were living.

    I think you have a serious case of home-sickness, and I totally understand that. But going 'home' isn't the answer. Home is where you are. And home is what you make it. You already home.

    As you are a sociable sort, and having a child is a good way of making friends with children of the same age. Do you go to toddler groups and suchlike? How about setting up some sort of babysitting circle?

    You would be taking a huge hit income-wise. I know money doesn't buy happiness - but it's bl00dy difficult to be happy without it.

    Go back and visit your family, then come home and throw yourself into your lovely life and your young family in your new home.
    • Fefee
    • By Fefee 7th Sep 17, 8:55 PM
    • 20 Posts
    • 1 Thanks
    Fefee
    Thanks trailingspouse for your replies.
    As im home 4 times a year for 3 weeks at a time plus weekends I have a good of what life would be like . When im home I go to the theatre and cinema wich is lovely to get some time .
    We also go out a lot with friends to their houses everyone brings there kids and has a brilliant night.
    I have plenty of friends in England , out everyday at playgroups and know everyone in the village . Also run baby massage classes so its mire I think my friends back I just have alit mire fun with them .
    Money wise we could be morgage free , I can work as a nanny and be doing airbnb aswell.
    We are not going to sell home so could come back .
    I would also love another baby but I would nt risk as it was so difficult with out family and close friends to call on.
    • enthusiasticsaver
    • By enthusiasticsaver 7th Sep 17, 9:24 PM
    • 4,680 Posts
    • 8,867 Thanks
    enthusiasticsaver
    I think you should look into pitfalls of renting as it is not always easy. What happens if your tenants won't pay?
    4 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Fefee
    • By Fefee 7th Sep 17, 9:58 PM
    • 20 Posts
    • 1 Thanks
    Fefee
    We will living with our inl aws so it wouldnt be that bad but obviously crappy thing to happen. We will have it looked after by a rental agency.
    • Scottie dog
    • By Scottie dog 7th Sep 17, 10:40 PM
    • 65 Posts
    • 77 Thanks
    Scottie dog
    Air Bnb
    Hi I just want to give some advice on your air Bnb idea. My mum currently rents out a house she owns as a holiday let (not air Bnb, a different agency). My mum lives next door to the house she rents out. My mum spends 6 hours cleaning the 1 bedroom house every week after the guests have left, before the new guests arrive. Most people look after the property but some do not. At all. My mum renovated the whole property and spent a fortune. The first guests dropped something on the newly tiled floor and chipped 3 tiles. The floor was very expensive and my mum was gutted. Just a word of caution, based on experience.
    • lynz68
    • By lynz68 7th Sep 17, 10:46 PM
    • 314 Posts
    • 296 Thanks
    lynz68
    You seem to have decided that you're coming home.

    Do your research into what's involved in being a Landlord it's not just as simple as handing it over to an agency to look after you still have a lot of responsibilities.

    Start looking at the job market in the area where your going to be living just to get an idea of what type of salary you can expect. It's not that hard to do ..... Google was invented for a reason.

    Also think about what happens if your husband doesn't get a job reasonably quick how long are you prepared to wait?

    Living with in-laws can be stressful for all parties after a period of time visiting is one thing but moving in with no end in sight can cause issues no matter how well you get on.

    You can't just focus on getting home you need to plan for what happens when you are here not just the social aspect but jobs, house of your own and what happens if your still in the same position after a year.
    • deannatrois
    • By deannatrois 7th Sep 17, 10:46 PM
    • 4,849 Posts
    • 6,813 Thanks
    deannatrois
    Its a letting agency. Renting a property is possibly a bit more complicated than you presently think. You realise that you will still have responsibility for making sure you run the business legitimately even if you use a letting agency (LA)? You, for example, will be responsible for repairs, protecting the deposit, registering as a LL if you need to do that where you live. You will have to pay tax on the income. LA's might reference the tenant through an agency.., these sorts of checks are not always thorough enough in eliminating the tenants you don't want.

    What will you do if the tenant not only doesn't pay rent but creates £20k worth of damage? It does happen.

    How will you know to recognise a good LA from a bad one? Again, they exist?

    Are there any motor sports teams working in Ireland? Would your husband have transferable skills that might get him a different sort of job that might be more easily available?
    • csgohan4
    • By csgohan4 8th Sep 17, 6:31 AM
    • 3,962 Posts
    • 2,470 Thanks
    csgohan4
    A new home doesn't earn you money, a good job does.


    Is it worth sacrificing a god salary to be poorer and therefore unable to spend much on socialising when back home??? Can you really afford to go out that much and go to fancy restaurants on just 1.1k a month??


    Having a poor salary can also be unhappy. I moved away from London away from all my friends for a better job/ reduced cost of living in order to enjoy my life, than worry about the next bill or pay day.


    Friends change all the time, especially when they get married and move away themselves. You will be sorely disappointed when you go home and find they have their own friendship circles and you may be left out.


    Don't put all your eggs in one basket as you setting yourself for disappointment. Coming home a few times a year is different to wanting to spend more time with your friends, they have their own lives and friends too now.


    Forge stronger friendships with the ones you have at the moment. It goes both ways, rather than reminiscing what could have been in Ireland.
    Last edited by csgohan4; 08-09-2017 at 6:35 AM.
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • Fefee
    • By Fefee 8th Sep 17, 7:50 AM
    • 20 Posts
    • 1 Thanks
    Fefee
    Thanks for all your replies , its give me alot of things to think about .
    I feel i guess it comes down to either staying put and try accept life over here.
    Or
    Do the year in Ireland whilst keeping my home and if grass isn't greener pack up and come back
    Or
    My dream
    Hubby gets a job , 1600 to 2000 roughly
    Airbnb brings in £300 _£500 per month
    My baby massage business is bringing in money
    Nany job 20hrs per week , £900 per month
    We have £150 for house
    • BBH123
    • By BBH123 8th Sep 17, 8:30 AM
    • 479 Posts
    • 722 Thanks
    BBH123
    Am I the only one who thinks there is nothing wrong with your life in England, you have everything that most people want including friends. My concern is that you are ' romanticising' life in Ireland and also your intended income streams are so ' bitty'.

    A big emphasis has been placed on the Irish social life but that will be hard on possible just £1100 per month, lack of money brings tensions and is hubby going to be happy losing his status job with F1 to becoming just a n other mechanic, its a big ask of someone.

    Personally I wouldnt do it unless circumstances forced your hand.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

28Posts Today

4,250Users online

Martin's Twitter