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.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mum's inheritance doesn't stretch to a house... help!
Comments
-
Retirement properties often cost less than properties for non-oldies
I'd consider a retirement flat. Likely to be quieter than a regular flat and the fact that stairs are almost certain to become an issue for at least one half of the couple has to be considered, otherwise they will end up having to buy again and lose even more in the associated costs. Everything that is supposed to be in heaven is already here on earth.
0 -
No- whether there is any assistance (government or otherwise) to enable them to buy a reasonable house after being model citizens?
No. Yes.- Also, I would like to ask whether people think its sensible to buy a house now, or sit on the money and its interest and wait until any crash happens?
Most commission. Yes.The reason I'm asking here is that even IFAs seem to be recommending routes that would make them the most commission, and you guys seem as impartial as they come!
Impartial .... weeellll, maybe. Everything you read here is an opinion really.0 -
Can't get on to Rightmove at the moment, but there are 25 properties in Liss under £250K on Prime Location.
If they did not like the properties in their price range, could they move areas?Gone ... or have I?0 -
- whether there is any assistance (government or otherwise) to enable them to buy a reasonable house after being model citizens?!
robwend is on a scheme where a HA will help her to buy a property. I also saw something in a local magazine which offered something similar. (I don't think I have that now - it might have gone with the recycling). I am not sure exactly what they entail - whether it would be some form of shared ownership where you pay rent on a portion of a house. i doubt they'd be lucky enough that it were some form of grant.- Also, I would like to ask whether people think its sensible to buy a house now, or sit on the money and its interest and wait until any crash happens?
If it is a forever house then it makes no odds what price they pay for it. I'd rather be settled than wait for a crash that may or may not happen.Everything that is supposed to be in heaven is already here on earth.
0 -
HA schemes are primarily for those who cannot afford to buy otherwise. This is not the case with the OP.Gone ... or have I?0
-
Plus their age, with regard to getting a mortgage, will probably go against them.HA schemes are primarily for those who cannot afford to buy otherwise. This is not the case with the OP.
Out of nosey interest: what sort of house/accommodation are they living in now?
What sort of property would they wish to move into (bedrooms, style, features) - and for what reason (e.g. bungalow/bad hip might get worse in 10 years; 4-bed house/in case anybody wants to stay at Xmas; garden/LOVE gardening) .... so those of us with nothing better to do could look specifically at houses ... just because ... we like to!0 -
Yes - details please... I've found 6 places in Liss and am wondering what's wrong with them! Put me out of my misery...↑ Things I wouldn't say to your face
↖Not my real name0 -
Doozergirl wrote: »
If it is a forever house then it makes no odds what price they pay for it. I'd rather be settled than wait for a crash that may or may not happen.
It still makes a big difference what price they pay for it.
The less they pay the bigger the nest egg they will have.0 -
HA schemes are primarily for those who cannot afford to buy otherwise. This is not the case with the OP.
robwend also has a tidy sum in cash though admittedly she would struggle to buy anywhere outright with that cash.
(I hope she forgives me for talking about her)
There's nowt wrong with asking!Everything that is supposed to be in heaven is already here on earth.
0 -
- whether there is any assistance (government or otherwise) to enable them to buy a reasonable house after being model citizens?
!
i really hope you are joking 250k is still a lot of cash even these days and frankly its insane to think taxpayers money should be wasted subsidising nice people because they want to live in an expensive house somewhere nice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards