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.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
£200k inheritance, property ladder or not?
Options
Comments
-
Heretofore, have you chosen to rent rather than buy? If so, why?1
-
..no brainer, buy a house...renting (unless you have to), is a real waste of money....NB You seem to have double posted on 2 forums....don't think this is allowed??
.."It's everybody's fault but mine...."0 -
Unless you’re living in social housing with bargain rent but in house that you really like and meets your needs.Buy a house. I wouldn’t necessarily put all your £200k into the house. Get a mortgage and put whatever you need to to get the best mortgage rates.0
-
I have replied on your duplicate thread0
-
Can’t add to the above, other than saying that buying a house was the best thing I ever did.OK, I was 20 years younger than you, fit, and up for (very) heavy duty DIY (it was a wreck) but 50 years on, we’re sitting pretty
go for it!0 -
I would also buy a flat/house.
I am very concerned that my son and his girlfriend are now 30 and haven't shown any interest in owning a property yet. My friend's daughter is 42 with two children and a partner, and a year into their new rental, have been told the landlord wants to sell. Their dog has been allowed in the last two properties, she is 11, I hope she is allowed into the next one.£216 saved 24 October 20140 -
Much better to pay your own mortgage than your landlords.
0 -
If you buy a house, you will double save - your mortgage will probably be less than your rent, plus the house will go up in value over the medium to long term, and that increase in value is yours. Our old house went up in value by more than what we paid in mortgage including interest over the 25 years we lived there, so was essentially free, plus we got to to live there. Before we moved we were mortgage free and were saving a hefty sum each month which allowed us to buy a nicer house with a small mortgage that will be paid off before I retire. Yes, you do have to maintain the property yourself but in my experience the overall costs are far less than renting.0
-
I’d buy a home, no question, but I’m not you. I’m partially retired now, and hope to fully retire at some point, which would be impossible if I had to pay rent. I couldn’t afford to rent my home now in fact! Glad I own it😊0
-
I'd buy a property - do you really want to be renting in retirement?0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards