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Sell and Mortgage Free or Stick?

monkey-fingers · 2025-07-29 21:50:14

A little history. At 50, bought my first house in 2020 for £260,000. 3 bed semi. Sold in 2022 for £330. Bought 3 bed bungalow for £350,000 on the South Coast and now worth at least £375,000 (location, but also modernised). There's about £175k on the mortgage. Would like to be nearer East Anglia, but also near the A1, which…

Comments

jimbog Posts: 2,263 Forumite

12 August at 5:22PM

monkey-fingers said:

jimbog said:

monkey-fingers said:

lincroft1710 said:

I don't think anywhere near the A1 is cheap until you get to Grantham. Plus as another poster has pointed out, it is a long way from East Anglia.

I'd disagree. Cambridgeshire is most definitely East Anglia.
The A1 has a chunky stretch through Cambridgeshire.

I know the area well, ‘cheap-cheap’ it certainly isn’t

There are a pile of 3 bedroom houses within 10 miles of Huntingdon under £200k.

I'd say that was cheap-cheap.

Be careful with shared ownership as there is a rental element to be paid as well as other constraints and commitments

Gather ye rosebuds while ye may
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