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Time to move??

Hi all,

I'm at a point where I will have nearly paid of the mortgage on my little mid terrace house and am considering whether I should stay put or look to maybe move to a new property and take out a new mortgage.

Any advice anyone? Stay put and save (considering low interest rates) or move up the property ladder??

Am relatively young so could easily take out a 25 yr mortgage if needed and will be with my partner as we look to maybe start a family in the next few years.

Any suggestions would be welcome!

Comments

  • monty-doggy
    monty-doggy Posts: 2,134 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    If you have a family, will your current house be big enough? If not then I'd move now and save the upheaval later.
  • R_P_W
    R_P_W Posts: 1,526 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well only you know what you want or need!
  • ghosti
    ghosti Posts: 84 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    if youre thinking of starting a family in a few years then theres no harm in considering moving to a bigger place. i did the same, we moved to a bigger place a few years before we had kids. when youre young and have more disposable income it is easier to do than after the kids come along, lol.

    interest rates are low at the moment and you have good equity in you current house so why not.
  • 8Sefton
    8Sefton Posts: 12 Forumite
    Thanks for advice - am really not sure what to do yet. Will look around and if the right place is out there - go for it.
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