We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
Buy our forever house or buy a flat to rent out, advice please?
Stella
Posts: 15 Forumite
Hello All
I would be grateful for advice.
We are currently living with my mum in her social housing house as she has dementia and is 95 years old.
My husband has a flat which we are renting out. Unfortunately, I do not own property, so I do not have much knowledge of buying and the pros and cons.
We are thinking of either buying another flat to let out or buying our forever home. I am 57 and my husband is 61. I do have a substantial amount of savings that I can put toward buying a home.
Could any experts assist us in pointing out the pros and cons for either buying another flat to rent out or going for our forever home now?
All help is greatly appreciated.
Thank you
I would be grateful for advice.
We are currently living with my mum in her social housing house as she has dementia and is 95 years old.
My husband has a flat which we are renting out. Unfortunately, I do not own property, so I do not have much knowledge of buying and the pros and cons.
We are thinking of either buying another flat to let out or buying our forever home. I am 57 and my husband is 61. I do have a substantial amount of savings that I can put toward buying a home.
Could any experts assist us in pointing out the pros and cons for either buying another flat to rent out or going for our forever home now?
All help is greatly appreciated.
Thank you
0
Comments
-
Go for the forever home. Being a LL is stressful especially pre retirement age. Enjoy what you have saved up for.3
-
Sorry to be brutal, but will you be allowed to stay in your Mum's house when she passes away? If the answer is no, you need your forever house asap.2
-
Back during the cold war, there was a t-shirt slogan. Enjoy Yourself. It's later than you think.
I'd vote for sorting out your forever home.
Don't put it off.There is no honour to be had in not knowing a thing that can be known - Danny Baker1 -
Forever home. You guys get a place together and enjoy your lives!
all you need is something to feel secure in. A house is just a house so it doesn't matter what you buy, you just need to feel it's done with and then get on with living your best lives x2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.1K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 243K Work, Benefits & Business
- 597.4K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards