Selling my house to move into my boyfriends??

MeteredOut

https://forums.moneysavingexpert.com/discussion/comment/81900758#Comment_81900758

Whilst that sounds fair, the application of council tax reductions follow the rules, not fairness. It could even be that the two people are in different counties.

MeteredOut

https://forums.moneysavingexpert.com/discussion/comment/81900835#Comment_81900835

Obviously we don't know you, but I suspect your not ever going to feel 100% ready unless he's giving up the same as you will be, so both of you selling and then renting for, say, 3-6 months whilst searching for your new home together might be your best option.

But if you're saying you cannot afford the house you'd both want with the equity from the sale of both your homes, then I guess you simply have to make a decision. But, I'd not recommend becoming an accidental landlord.

mta999

Until you are married, I would keep your safety net. What happens if you sell and then breakup?

MeteredOut

Another way to look at it - if you owned in the bigger house in the less desirable area, would he sell up and move in with you for a year or two whilst he saved up?

Brie

Just as an add on - if the OP isn't living in her house at what point would there be capital gains tax when it is sold?

goldengirl29

https://forums.moneysavingexpert.com/discussion/comment/81900871#Comment_81900871

https://forums.moneysavingexpert.com/discussion/comment/81900871#Comment_81900871

https://forums.moneysavingexpert.com/discussion/comment/81900975#Comment_81900975

https://forums.moneysavingexpert.com/discussion/comment/81900975#Comment_81900975

Aw thank you so much for this comment. It sounds a bit harsh to say to my boyfriend i won’t move in with you until i have a ring on the finger but i definitely do get that point haha! I feel very reassured with him in his daily actions and words that we do eventually want to get to that and be married and have children but the focus right now is on our houses.
it sounds like it all worked out for you and i really hope that can be the case for us! I suppose anything in life is risky and 100% agree that the decision needs to be mine and mine alone :)

goldengirl29

https://forums.moneysavingexpert.com/discussion/comment/81900975#Comment_81900975

Yeah i suppose im never going to feel that 100% because i love my little house and i think ill always feel sad about letting go of it no matter the circumstance!

I think just with the housing market currently house prices are sooo high so I’d want to maximise our money as much as possible before buying our next home and the best way to do that is to get rid of one! Which unfortunately as mine is smaller and more expensive it has to be mine :(

yeah I’m just so not on board with the landlord thing. I’ve heard so many bad stories and i think it would probably create more stress and more to sort in the end than it would be worth!

jimbog

Since your property and his will (probably) be appreciating assets what is there to be gained by selling just yours?
I’m not sure the step you are agonising over is really the ‘next chapter’ - both of you selling and buying a new home together would be the next step

Emmia

https://forums.moneysavingexpert.com/discussion/comment/81900715#Comment_81900715

I would continue to live separately and maintain your own houses until you're both ready to sell. If you don't like the area where he lives, why live there. You don't need to live together to be in a committed relationship.

Not wanting to move in, is perhaps that little seed of doubt about this relationship for whatever reason. Hold onto your spot until you're really sure.

Bigphil1474

If you sell your house, you can invest that money into a modest return account and keep up with the housing market. House prices are forecast to increase between 2 and 4% this year (according to Nationwide), so if you can invest above that rate then you are generally better off. Obviously that remains your money. There will be a cost to selling the house, but that would happen at some point anyway.