Is this a bad idea?

muhandis

All I can say is that your husband is a saint to be fine with spending a minimum of 3 hours a day commuting to-and-fro from work!

Even with a super short commute, with a toddler and an infant at home, I don't get to spend enough time with them during the week.

Amram1234 wrote: »

Thanks for all the advice, I think the point about about the commute is a good one. My husband says he should be fine with it, but I'm not sure.

getmore4less

Is there potential for work from home?

Is it a drive commute, they are worse than train as you can do stuff or sleep

AnotherJoe

I'll try again, whats the rationale for retaining the flat, rather than selling it and using the equity to enable you to buy a larger house with a larger garden in a preferred local environment that isn't a 90 minute commute away ?
Are you under the mistaken impression that being a landlord is a low stress low risk easy way to make money ? You could perhaps talk to my ex neighbour whose £10k under water due to his last tenants.

Lungboy

AnotherJoe wrote: »

Are you under the mistaken impression that being a landlord is a low stress low risk easy way to make money ? You could perhaps talk to my ex neighbour whose £10k under water due to his last tenants.

Indeed, or watch last night's Nightmare Tenants Slum Landlords which had 2 good examples. No house is worth 3 hours of commuting a day, particularly with small kids.

[Deleted User]

It could easily be 45 minutes each way. OP stated a 90 minute commute which could be in total.

Barricade

Just a minor one in the detail.. Check whether its leasehold or freehold
Property developers are well known for their tactics around the freehold and selling it a few months after you have moved in.

If you need to pay ground rent, look into the freehold asap.
You may find that after a few months, the developer has sold it on and the new company managing the freehold want, in some cases, 5 figure sums to buy it.