Quit everything , and start again over 50?

patchwork_cat

Just had a thought, no doubt you have already looked into this, but have you thought about doing a part exchange to a new flat? Bellway are building in Poole, I am not sure what they would give you, but years ago a friend did it.

another_casualty

MuffinTops wrote: »

I live in Essex, just outside the London section. Fortunately my accent doesn't come through on forums!!!

Where you bleedin' from ? sorry couldn't resist
What are your plans ? Can't really blame me for the questions

another_casualty

patchwork_cat wrote: »

Just had a thought, no doubt you have already looked into this, but have you thought about doing a part exchange to a new flat? Bellway are building in Poole, I am not sure what they would give you, but years ago a friend did it.

Please explain more cat . I'm all ears

MuffinTops

Please feel free to ask any questions. I just don't want to bombard you with my personal info.

You made me smile with your Essex speak!

My plans are to sell my house, and I'm very lucky in the fact I've paid off my mortgage. Once sold I want to buy a property nearer to London, close to the A13 as I want to remove my commute costs by cycling when possible. I'm looking around the Canning Town area as it's going through a major regeneration project and I think that it will be a good investment. I'm considering a few options, which include:

1. buying a property that's on the cheap for me to live in and do up.
2. buying a property that needs work to do up and rent out and then get a mortgage for a second property for me to live in.
3. move away from anything close to London, buy a small property for £100k less than I sell for, in a cheaper location, and "potter" away at life with an easy part time job away from all the stresses and strains that London life gives us.

1 & 2 are winning as I'm currently in a really good place with work, after going through years of what you're currently going through. I'm finally really happy at my job again and am being moved into an area of work that suits me better. I also do voluntary work too, so want to be close by and not give that up yet.

My next property is mainly for investment purposes as I'm 45, single and therefore only have my income to rely on. My issues at work showed me that this isn't good enough for peace of mind and was putting me over the proverbial barrel when I was going through a dark time at work. Paying off my mortgage helped me off the barrel, but I still need a way of replacing my income if I was pushed, and the only solution I can really come up with is in property.

This is why I'm in no panic to move, but it's made me really vague about my goals. I don't work well with vague plans, so I'm starting to feel that I need to push myself a bit and just get my ideas put into actions.

grunnie

haha it's not mumsnet for me I am more elderly gransnet.
A cafetiere of coffee and a banana for breakfast is better then all that sugar which will make you feel ill later in the day. The coffee will act as an airfreshener as well.
I am in the north of Scotland so me speaking my best English and you still won't know what I am saying. Fingers crossed AC for September tho your EA has got you loads of people to view your home.
Sent me some of that sunshine from London we have had really really heavy rain up here and it is freezing. Your temperature is at least 10 degrees warmer then here.

another_casualty

MuffinTops wrote: »

Please feel free to ask any questions. I just don't want to bombard you with my personal info.

You made me smile with your Essex speak!

My plans are to sell my house, and I'm very lucky in the fact I've paid off my mortgage. Once sold I want to buy a property nearer to London, close to the A13 as I want to remove my commute costs by cycling when possible. I'm looking around the Canning Town area as it's going through a major regeneration project and I think that it will be a good investment. I'm considering a few options, which include:

1. buying a property that's on the cheap for me to live in and do up.
2. buying a property that needs work to do up and rent out and then get a mortgage for a second property for me to live in.
3. move away from anything close to London, buy a small property for £100k less than I sell for, in a cheaper location, and "potter" away at life with an easy part time job away from all the stresses and strains that London life gives us.

1 & 2 are winning as I'm currently in a really good place with work, after going through years of what you're currently going through. I'm finally really happy at my job again and am being moved into an area of work that suits me better. I also do voluntary work too, so want to be close by and not give that up yet.

My next property is mainly for investment purposes as I'm 45, single and therefore only have my income to rely on. My issues at work showed me that this isn't good enough for peace of mind and was putting me over the proverbial barrel when I was going through a dark time at work. Paying off my mortgage helped me off the barrel, but I still need a way of replacing my income if I was pushed, and the only solution I can really come up with is in property.

This is why I'm in no panic to move, but it's made me really vague about my goals. I don't work well with vague plans, so I'm starting to feel that I need to push myself a bit and just get my ideas put into actions.

You have your head screwed on . Glad everythng is going your way at last .The only thing about investing like what you're talking about, watch out for charges and more charges. Governments are clamping down on buy to let's etc. Oh, and dodgy tenants.
Apart from that , all sounds good.

another_casualty

grunnie wrote: »

haha it's not mumsnet for me I am more elderly gransnet.
A cafetiere of coffee and a banana for breakfast is better then all that sugar which will make you feel ill later in the day. The coffee will act as an airfreshener as well.
I am in the north of Scotland so me speaking my best English and you still won't know what I am saying. Fingers crossed AC for September tho your EA has got you loads of people to view your home.
Sent me some of that sunshine from London we have had really really heavy rain up here and it is freezing. Your temperature is at least 10 degrees warmer then here.

We should swap places. More humid rubbish next week apparently .
You have got air. We have an overcrowded cesspit .

Smodlet

More and more people seem to be coming out of the lurk-murk to support you, AC, iss good, innit? (Pathetic attempt at Essexese)

MT, you know loads and probably more than even LL about how AC might be feeling, so welcome, if it in't far too presumptuous of me to say that on AC's thread.

AC, step away from the lucozade! It's called water!

another_casualty

Waiting for the patchwork cat.

another_casualty

Smodlet, next week I'm on small bottles of Perrier . Still fizzy, but so what