Considering selling home to change career

Miss_Moneysaver

The more people that leave the harder it becomes as we are rostered to cover the leaving persons out of hours shifts. There aren't many of us left. As long as management look good and still provide a service...they don't care how they achieve it.

Miss_Moneysaver

Oh, and recruitment take months to say we can replace a person and then it is at a lower grade. Management have started saying that they need 'like for like' as we can't continue to provide a service like this (can't leave lower grade staff to work alone etc.) but nothing positive coming out of it.

ViolaLass

Miss_Moneysaver wrote: »

I can't re-mortgage as (a) we don't have that long left on the mortgage and (b) I doubt we'd get a good deal as the one we have right now.

a) does not matter, does it? You could make the term longer.
b) would it make much difference? You can't have much left to pay so not much on which to pay interest either.

pjcox2005

Always a challenge to make the big decisions like this.


A website worth a look is https://www.mrmoneymustache.com/ if you haven't come across. It's basically looks a simplifying certain areas of life and avoiding unnecessary spend (e.g. excess rooms in a house) in order to be able to work less and have a better balance. The forums have a lot of similar bits.


As mentioned though, if you do downsize, you need to consider the impact of legals, stamp duty, removal fees to ensure it is worthwhile but could be a good answer.


An alternative may be to borrow more on the mortgage given it's paid down as this may give you some space to retrain as you'll have money in the bank to use for living and paying down the mortgage you've just extended. May be a question on whether it's an acceptable reason with a mortgage advisor but ways to manage that.


Good luck though with any decision.