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Is this crazy?
Comments
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AnotherJoe wrote: »Where does the craziness come from? Seems like a rational decision to me, assuming this house is a rare one (position.. layout?) and the fact you might be retiring in two years doesnt seem especially significant especially if you could move into it in a few months anyway rather than not until you retire . What do you mean by it being perfect for retirement?
You should see a mortgage broker because it might be you get a better deal by paying off your current mortgage first rather than running two at the same time, and some lenders might think you are surreptitiously trying to get a BTL mortgage on the cheap so a broker may help there.
Our current house, was very much bought as a family house four big bedrooms and close to the local school.
We always talked about moving, and we wanted a driveway, garage, a south facing garden and this house ticks all boxes, so really all I meant by perfect for retirement is this. Somewhere to look forward to coming home to from our many trips away which we intend to do. We wouldn't dip into our retirement funds to finance this purchase.
I also like the fact that it needs updating, I like the idea of doing that and putting our stamp on it.
I'm not sure how much interest there will be, but I'm 90% convinced that when the estate agents open in the morning I'm going to put an offer in.
Thankyou to all the replies, there were some things that helped see things differently.0 -
Our current house, was very much bought as a family house four big bedrooms and close to the local school.
We always talked about moving, and we wanted a driveway, garage, a south facing garden and this house ticks all boxes, so really all I meant by perfect for retirement is this. Somewhere to look forward to coming home to from our many trips away which we intend to do. We wouldn't dip into our retirement funds to finance this purchase.
I also like the fact that it needs updating, I like the idea of doing that and putting our stamp on it.
I'm not sure how much interest there will be, but I'm 90% convinced that when the estate agents open in the morning I'm going to put an offer in.
Thankyou to all the replies, there were some things that helped see things differently.
Do let us know if you have offered and how you get on. Sounds like you have great plans.0 -
We bought our retirement home a couple of years ago, rented it out for a year, and have just accepted an offer on our present home. There's nothing available in the area we are moving to that we would want to buy at the moment. The new house isn't perfect by any means, but the location is for us. If you can afford to do it, go for it.Make £2026 in 2026
Prolific £177.46, TCB £10.90, Everup £27.79, Roadkill £1.17
Total £217.32 10.7%Make £2025 in 2025 Total £2241.23/£2025 110.7%
Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10
Make £2024 in 2024 Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0 -
I'm not sure how much interest there will be, but I'm 90% convinced that when the estate agents open in the morning I'm going to put an offer in.
Thankyou to all the replies, there were some things that helped see things differently.
Any news OP?Make £2026 in 2026
Prolific £177.46, TCB £10.90, Everup £27.79, Roadkill £1.17
Total £217.32 10.7%Make £2025 in 2025 Total £2241.23/£2025 110.7%
Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10
Make £2024 in 2024 Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0
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