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62 years old, £77k cash, newly divorced, £33k wage... Suggestions for housing
johnthewomble
Posts: 3 Newbie
Have several months breathing space, but will then need housing options.
Recently walked away from a better job and now starting again on a much lower wage at a new firm in 5 weeks.
I am looking to buy within a 50 mile radius of Stamford, please nobody suggest Peterborough, I would sooner live in a container in the woods and I mean that
.
I am just throwing this question and my circumstances out there into the universe, I am not in a panic(though maybe I should be I am told).
Maybe I have no choices and renting is all I have.
Recently walked away from a better job and now starting again on a much lower wage at a new firm in 5 weeks.
I am looking to buy within a 50 mile radius of Stamford, please nobody suggest Peterborough, I would sooner live in a container in the woods and I mean that
.I am just throwing this question and my circumstances out there into the universe, I am not in a panic(though maybe I should be I am told).
Maybe I have no choices and renting is all I have.
0
Comments
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I'd recommend living as close to your new job as possible. It will reduce your travel costs substantially as driving is getting increasingly expensive. Where is your new job?
Getting a mortgage at your age will depend on whether you have reasonable pension provision. What sort of pension income might you have when you reach your state retirement age?The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0 -
I'd have to look Stamford up on a map so that tells you how much I know about the area. But I just wanted to say well done for having enthusiasm for a new start. Oh and actually a container in the woods might be considered quite trendy to some!!
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⭐️🏅😇1 -
Assuming you're going to be working in Stamford (which is v expensive for housing) I would suggest looking at Grantham which is 20 miles north and linked by the A1 and a fair bit cheaper. Market town with most things you need. Mainline rail link to Kings Cross 1'10". Nottingham, Lincoln, Leicester all within an hour.
Also Market Deeping / Deeping St James and Bourne are smaller market towns within easy striking distance of Stamford. Oakham and Melton Mowbray other possible options.
A lot depends what you are actually looking for in a place to live.1 -
For a mortgage you can go through a good broker, there are quite a few lenders that will lend up to age 80 if you have a relevant pension / income. My hubby is 75 and we got a mortgage no problem through a broker.0
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tacpot12 said:
Getting a mortgage at your age will depend on whether you have reasonable pension provision. What sort of pension income might you have when you reach your state retirement age?
Not necessarily true. I got a 17 year mortgage at 61 and wasn't asked any questions about pension arrangements.1 -
Irresponsible lending?Maahes said:tacpot12 said:
Getting a mortgage at your age will depend on whether you have reasonable pension provision. What sort of pension income might you have when you reach your state retirement age?
Not necessarily true. I got a 17 year mortgage at 61 and wasn't asked any questions about pension arrangements.The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.1 -
Maybe but my mortgage is £1000 a month less than the rent I was paying in London.tacpot12 said:
Irresponsible lending?Maahes said:tacpot12 said:
Getting a mortgage at your age will depend on whether you have reasonable pension provision. What sort of pension income might you have when you reach your state retirement age?
Not necessarily true. I got a 17 year mortgage at 61 and wasn't asked any questions about pension arrangements.0 -
Could you possibly rent a Housing Association flat? I live near a block of flats owned by Anchor and the residents all seem very happy with it.£216 saved 24 October 20140
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