What would you do with my money?

markin

The calculator on zoopla says it would be £400 a month with a 30 year / 40K deposit, @2%. Vs £625 and rising rent, That saving in a year would be the emergency fund for a new boiler ect, and help run a cheap car.

Most seem to have missed your SIG

"Total debt 12/18 £9365.74 | Now: £8473"

That is a bit worrying for just the 2 of you, have you had lots of time off ill or holidays? or is it Cleared now?

yksi

You didn't mention how much your physical health is affected, but it does make me hope it's hours rather than the work itself which is the issue. I think the holiday home idea is worth exploring, provided you are in a position to manage it yourself, physically.

You'll need a car to do this in practical terms, meaning you'd probably have £45,000 to spend on a holiday home as the deposit, plus whatever mortgage you'd get (you probably need a good broker to chat to about this because it's not strictly a buy-to-let but the banks would see it that way). Once you find out your budget, you can look around to see if there are properties suitable within a half hour drive - and remember they need to be freehold so that you don't run into issues letting them out.

I know some will think it's crazy, but it's the same thing I dream of doing and what I am working towards. I did own one in the past but a relationship breakdown meant I had to sell it, and in my mind I had the best job in the world, managing my own time and making someone's holiday really special.