Regret buying a house at 28 - what do I do?

onwards&upwards

pineapplepink wrote: »

To clarify the part about working abroad, its not going to be in my current field of work.

The reason Thailand is appealing because it doesn't have working 'seasons' as such (i.e. you can go there to work all year round). It would be basic bar work/ ticket sales in tourist spots and nightlife. My friend has been doing it for the same nightclub for the past 6 years for around 8 months of the year every year. She's advised she can get me a job and help me find an affordable apartment (we worked together in Belgium so she's a trusted friend). It would be a case of getting a visa and booking a flight.

Honestly, that sounds terrible. That’s not ‘seeing the world’ that’s doing rubbish shifts in one location.

You can see a lot of the world in your leave from your paid job, and you can go somewhere different each time, and actually be able to enjoy it, not be stuck in one place on crappy wages for months at a time.

onwards&upwards

lookstraightahead wrote: »

In my experience home ownership at your age was a chain around my ankles and made me much much worse off financially because of my life circumstances.

My daughter is 21 and I hope she doesn't buy for years and years - not saying she should spend all her money but the experience of life is so much more important and house ownership can tie you down (some call it security which is fair enough, depends on what you want in life).

However you also need to think about the work side - maybe separate the two things and look at them independently.

Owning a home doesn’t mean life stops or that you can never leave the country again!

Crashy_Time

onwards&upwards wrote: »

Owning a home doesn’t mean life stops or that you can never leave the country again!

It just makes spur of the moment moves for work etc. harder, you have to sell or rent out (nightmare according to some anecdotal on here) so the OP probably just feels more trapped than they used to.

Fire_Fox

pineapplepink wrote: »

Yes this is an option, i can apply for a career break at work for 2-12 months but it’s obviously unpaid. Problem is I’d still need to keep up mortgage payments a month and I don’t have any savings to fall back on.

Most people who go travelling start out with some savings.

So complete a Statement of Affairs (very detailed budget, see the Debt-free Wannabe board) and get hardcore about saving for the next few months.

Set a deadline - calendar date or amount in ££ - for when you will make your decision on whether to stay or go, whether to sell up or let out. You may well find the decision makes itself, given a little time.

GDB2222

pineapplepink wrote: »

My friend who works in Thailand is from the UK, she works as bar staff in a Nightclub in Phuket and has done for the last 6 years. Other work includes ticket sales and promo work which i believe is allowed?

I had no idea that bank staff are so broad minded. As long as you are happy with what’s going on in the bar, that’s fine.

Ticket sales - are you sure you understand what is involved?

Crashy_Time

Fire_Fox wrote: »

Most people who go travelling start out with some savings.

So complete a Statement of Affairs (very detailed budget, see the Debt-free Wannabe board) and get hardcore about saving for the next few months.

Set a deadline - calendar date or amount in ££ - for when you will make your decision on whether to stay or go, whether to sell up or let out. You may well find the decision makes itself, given a little time.

I would say the majority now do travelling and most other things on credit card money.

karenconlon878

Have you asked your mortgage provider to let you lease? I moved to England from NI for better work prospects and I complete a ‘consent to lease’ form for my lender every year. When the time is right I will move back.

Slithery

karenconlon878 said:

Have you asked your mortgage provider to let you lease? I moved to England from NI for better work prospects and I complete a ‘consent to lease’ form for my lender every year. When the time is right I will move back.

You do realise that this thread is over a year old?

Angela_D_3

Rent it out and don’t tell the bank is one option or I’m bloody sure even the strictest lender Santander offer permission to let after 6 months of ownership.  Keep that house is my advice 

ChloeManoey

This is a veryyyy old thread! I read a while before I realised. Now I'm wondering what the OP did in the end!