Really confused about what I want :(

strawb_shortcake

danlightbulb said:

annabanana82 said:

What would you do if your landlord decides to sell up, would you rent another a place or push yourself into buying? 
When I first got my mortgage I had to take it over 32 years, with one remortgage and overpayments I've managed to knock it down to 15 years in just under 5 years. Admittedly some of that was due to an unexpected lump sum but 5 years was down the remortgage for an extra £50 a month. 
It does seem that your preference really is to rent forever rather than buying a house

Honestly I would have to move back with parents. The rental market here is awful, barely anything available and I'd be paying alot more than I am now. I simply would refuse to pay more for less.

My preference is to be financially secure. That means owning a house yes, but it also means having a safety net in savings, and not running my monthly budget to the bone.

I get that but sometimes you've got to make sacrifices for long term gain. For what it's worth I couldn't afford to buy house today so very glad I made the decision when I did.
My main reason for wanting to buy my house was because I didn't want to be paying rent once retired. 

If you'd pick to move back with your parents then why don't you do that for a year? You would easily be able to save towards an additional deposit.

MFWannabe

danlightbulb said:

You know I'll just have a break from here for a while. I have the viewing on Saturday still. Im just really angry that after coming to terms with some compromises and finding some places I could view (with all your help), that the useless mortgage market and covid is now putting a spanner in.

No Dan. You’re the one putting a spanner in it  
You've obviously not listened to any advice 🤦‍♂️
Good Luck to you

MFWannabe

janoid19 said:

JGB1955 said:

janoid19 said:

MFWannabe said:

I’m really beginning to think either you are Crashy or this complete post is a wind up 

I was just thinking this must be a wind up too. 

But just think - we all know far more than we need to about houses for sale in DY4... and all those vendors are wondering why they have so many hits on their Rightmove page.

Hahahaha this made me laugh! I think i've looked at more houses in DY4 on Rightmove than I have in the area I am buying in.

Yes I know the DY4 area very we’ll now! 
Probably better than when I lived that way 30 years ago 🤔😂

danlightbulb

annabanana82 said:

danlightbulb said:

annabanana82 said:

What would you do if your landlord decides to sell up, would you rent another a place or push yourself into buying? 
When I first got my mortgage I had to take it over 32 years, with one remortgage and overpayments I've managed to knock it down to 15 years in just under 5 years. Admittedly some of that was due to an unexpected lump sum but 5 years was down the remortgage for an extra £50 a month. 
It does seem that your preference really is to rent forever rather than buying a house

Honestly I would have to move back with parents. The rental market here is awful, barely anything available and I'd be paying alot more than I am now. I simply would refuse to pay more for less.

My preference is to be financially secure. That means owning a house yes, but it also means having a safety net in savings, and not running my monthly budget to the bone.

I get that but sometimes you've got to make sacrifices for long term gain. For what it's worth I couldn't afford to buy house today so very glad I made the decision when I did.
My main reason for wanting to buy my house was because I didn't want to be paying rent once retired. 

If you'd pick to move back with your parents then why don't you do that for a year? You would easily be able to save towards an additional deposit.

Yeah the timing is just terrible. Nothing I can do about it I know but its still frustrating.

Moving back to parents would really be an option of last resort, don't want to live with parents at 40. That would be a proper life failure wouldn't it.

MaterialGirl*

Dan, you’re just not comfortable with buying a house. I think you should just accept it now and keep renting.  You’re just winding yourself up about this and I don’t think you will find something that will make you feel happy about purchasing.

Lots of people rent into old age and even though you’re not building up equity at least you’ll have piece of mind and you can still build up savings.  I think it will make you happier at least for now.

hazyjo

I hope you've got a bloody good pension!

Rent will only go up. At least you'll pay a mortgage off and own the house. Rent will go on until you die.

mlz1413

It sounds like you need Kirsty and Phil!
If you bought in an area 3 miles from where you want to be would the taxi fares to see your friends & family really be that bad? If so would you consider taking in a lodger to give you some extra spending money?
As you are going to be moving in as a single person then the shed can come later, just put the bikes indoors until its bought and installed. 
I think you actually need someone else to tackle this problem with as you are getting too indecisive with every property. 
Good luck! 

MaterialGirl*

hazyjo said:

I hope you've got a bloody good pension!

Rent will only go up. At least you'll pay a mortgage off and own the house. Rent will go on until you die.

Was that in response to me or Dan? If it’s to me, I actually own my property. I generally agree with you about renting but also realise that buying something is not an option for many people for a variety of reasons. 

I think the point with Dan is that he is too anxious to buy a flat. Even if he made an offer on a property I’ll doubt he’ll be able to see it through. Property buying can be a very stressful procedure and Dan is already driving himself crazy before he’s even found a place.  So my opinion stands that Dan should not put himself under pressure and try to buy something now.  

Financially renting may be a worse decision than buying, but for his mental state of mind it will be more beneficial and that has to count for something.

Who knows what the future holds. Perhaps prices and interest will fall, mortgage rules might change, Dan might get a financial windfall and he can then always rethink his situation.

MalMonroe

danlightbulb said:

annabanana82 said:

danlightbulb said:

annabanana82 said:

What would you do if your landlord decides to sell up, would you rent another a place or push yourself into buying? 
When I first got my mortgage I had to take it over 32 years, with one remortgage and overpayments I've managed to knock it down to 15 years in just under 5 years. Admittedly some of that was due to an unexpected lump sum but 5 years was down the remortgage for an extra £50 a month. 
It does seem that your preference really is to rent forever rather than buying a house

Honestly I would have to move back with parents. The rental market here is awful, barely anything available and I'd be paying alot more than I am now. I simply would refuse to pay more for less.

My preference is to be financially secure. That means owning a house yes, but it also means having a safety net in savings, and not running my monthly budget to the bone.

I get that but sometimes you've got to make sacrifices for long term gain. For what it's worth I couldn't afford to buy house today so very glad I made the decision when I did.
My main reason for wanting to buy my house was because I didn't want to be paying rent once retired. 

If you'd pick to move back with your parents then why don't you do that for a year? You would easily be able to save towards an additional deposit.

Yeah the timing is just terrible. Nothing I can do about it I know but its still frustrating.

Moving back to parents would really be an option of last resort, don't want to live with parents at 40. That would be a proper life failure wouldn't it.

No, it would not be a life failure at all. Just a little breather for you while you have a rest and chill out for a while. I have a friend who stayed with her parents until she was 45 and then moved out. They were glad to help her accumulate a deposit for her own place. 

When I was 40, I had a small child to care for when my marriage broke down so I moved back with my parents for a while so I could recover, think what to do next and just chill. They in turn loved being unpaid babysitters every now and then. We were there two years and then I bought my own place. The housing market was not in a good condition but I did it anyway. 

If you have parents who are willing to help you and you need a bit of a respite, why not? It really doesn't matter what anyone else thinks of you. Not even you!

Don't rush into something when you're not sure because you will regret it and getting out of a property when you've just moved in is nigh on impossible. I did that once - it's far too expensive to keep moving when you've made a big boo boo. When buying a house, don't go for the best one in a poor location, rather the other way round. Location, it transpires, means a lot.

It does sound as if you need to step back and take some deep breaths, maybe start looking again in the New Year.  Without being fanciful, sometimes the universe is trying to tell you something, if you know what I mean?

getmore4less

H2B might be your best option now
Could stretch your monthly budget. 
20% interest free and lower rate on the rest.

Not clear about these "mates" down the pub that you never have round, plenty of pubs in cheaper areas to get some new mates.