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Needing to return from overseas, what options are there?
donny-gal
Posts: 4,661 Forumite
This is not for me, but for some friends/neighbours.
They have moved out to Spain, been there 12 years, now in their mid-70's and wish to come back to the UK.
Problem: Property in Spain has not appreciated, property where they came from has. They came from the Edmonton/Tottenham/Enfield part of London, and have children in these areas. None of them are in a position to assist their parents, nor have any spare rooms in their properties.
The max they can hope for is around £90k, which will not get them anything in this area. They are not after a mansion, but a ground floor flat would be ideal.
What options do they have?
DG
They have moved out to Spain, been there 12 years, now in their mid-70's and wish to come back to the UK.
Problem: Property in Spain has not appreciated, property where they came from has. They came from the Edmonton/Tottenham/Enfield part of London, and have children in these areas. None of them are in a position to assist their parents, nor have any spare rooms in their properties.
The max they can hope for is around £90k, which will not get them anything in this area. They are not after a mansion, but a ground floor flat would be ideal.
What options do they have?
DG
Member #8 of the SKI-ers Club
Why is it I have less time now I am retired then when I worked?
Why is it I have less time now I am retired then when I worked?
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Comments
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Rent seems the obvious answer?0
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Private tenant rents seems to be very expensive.Member #8 of the SKI-ers Club
Why is it I have less time now I am retired then when I worked?0 -
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This is one of the risks of selling up when moving overseas. We were advised not to sell up before we moved overseas for this very reason.
It sounds like they may need to broaden the scope of their search area if both buying and renting in their first choice area is too expensive.0 -
I have to endorse the idea of looking for somewhere to live further afield where it is cheaper.make the most of it, we are only here for the weekend.
and we will never, ever return.0
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