tricky decision

barnaby-bear

wilt wrote: »

Thankyou. Yes I am all over the place. I would have to get a job but my youngest starts school in September so its possible. Just seems very scary financially. I could end up with a very big mess and loads of overdraught. I know I am in negative equity but it doesnt feel like a real debt in the same way. I know it is. I am worried that I will never get back on the property ladder. Its nice to have a bit of encouragement though. All of my friends are telling me to stay here and not let him have house.

Most people with negative equity who want to move would kill to be able to walk away.... property ladder? or property concrete-boots? TBH walking away sounds like it could be a really positive thing but only if you have a decent goal - is Devon somewhere nice you went on holiday or is there something more concrete drawing you there? There's no reason you have to get in debt or financial problems if you move and plan it sensibly it's down to the skills of the individual.

wilt_2

Nothing particularly concrete I suppose. But I have only been in this area 18 months because my husband's job was relocated here. He has now gone and all my family are in London. I dont want to move back to London, I dont really want to move back to where I moved from and Ive always wanted to live by the sea. Ive started to make nice friends here but hope I could do again. Its a big gamble, though I suppose its the finance that is worrying me more than anything else. 2500 will go just like that and will anyone rent to me if i havent got a job. They might ask for 6 months rent. I dont know.

Darth_Marty

My opinion is that you should allow your ex to take over the debt (if he can) and for you to start again elsewhere.
Whilst a homeowner myself I must admit that over the past year or so I have really wondered why we all put ourselves through the hassle of buying a home, I know theres pros and cons but the freedom renting gives you is appealing to me more and more, also any mishaps are sorted by your landlord etc etc. Anyway, id say move on with your life and be happy.