We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Should I sell to invest

I have never posted to a forum before, so please bear with me.

I partially inherited my home when my parents died several years ago, I had to mortgage it to complete the three way division of the estate, so I owe £88k on the house which was valued at £270k 6 months ago.

I'm a nurse working part time and a single mum of 4 children. My earning potential is low due to the high cost of childcare. I am barely making ends meet, with no savings and very little left for non-essentials. I want to provide a better life for my kids.

My house is a great size for five of us and is in a good area. However, I am seriously considering selling my house to make my money work for me. I think that I could use some of the money to start a small business and invest the rest.

My friends and family are horrified that I would even consider selling my house, I would like advice from knowledgeable people who have no emotional connection.

What do you think?

Should I sell? 1 vote

Yes
0% 0 votes
No
100% 1 vote

Comments

This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 346.7K Banking & Borrowing
  • 251.4K Reduce Debt & Boost Income
  • 451.4K Spending & Discounts
  • 238.9K Work, Benefits & Business
  • 614.3K Mortgages, Homes & Bills
  • 174.8K Life & Family
  • 252.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.