Relocating from London.

Famo · 13 July 2018 at 5:03PM

Hi all looking for some advice.

I have a small flat in London which I own outright. I want to own my own freehold house 3/4 bed ultimately.

I have realised that I would need to move out of London to achieve this.

I have somewhat decided that Nottingham would be a good destination ?! Any opinions welcome.

I'm just struggling on how to make the transition. I can't get a clear idea how to relocate logistically.

I am currently working 6 days a week.

I want to sell my flat and be chain free as I've been caught up in that mess before.

I am hoping to achieve around 275k being optimistic.

Apparently it's not possible to buy without physically viewing a property and renting can be difficult via this route also.

Any pointers on how to accomplish this from those who have been in this position! or those who just know how this is done ?

Kind regards.

sal_III · 13 July 2018 at 5:20PM

Most people start their relocation by (or because of) finding a new job and the new location. YMMV

Also it's often wise to live a while in a city/area before you decide to buy a property there. Since you are mortgage free, it's very doable in your case to rent for say 6 months, get a feel of the area and only then commit to buy a property.

Look for suitable properties in Nottingham online, book some viewings online/phone for a specific day, take a day off work and do the viewings. If you like something make an offer on it. Book a removal service and on the move in date move.

Why on earth would you even consider buying without physically viewing the property even if it was possible? It's not like it's on another continent...

You can get a 3bed freehold house in some parts of London.

worried_jim · 13 July 2018 at 5:24PM

Nottingham is a great place to live. I presume you can work your current role from there? I plan to do something similar but I know Notts, Leices, Derby so it's a little easier for me. I will go from a two bed flat to a detached house with garden and plenty left over. Good luck!

moneyistooshorttomention · 13 July 2018 at 5:24PM

Why Nottingham specifically?

Do you know the city? Do you know people there?

Famo · 13 July 2018 at 5:51PM

I have been reading about various areas and have thought of Northampton/Birmingham/Newcastle (I have lived in Newcastle for 2 years, Studying). Sal, 3 bed house in London ? Where. I don't know anybody in Nottingham. I want to make a fresh start as I am somewhat distant from my remaining family. I am hoping that if I get a decent offer I can take a chance on the work front as even if I'm off for at worst a year I can weather the storm.

Worried Jim....Derby seems good value although Nottingham perhaps a little more desirable.

moneyistooshorttomention · 13 July 2018 at 6:17PM

Good idea to suss out different areas of Nottingham though.

I'm guessing it's a countrywide thing to flog off the "duds" in any area to those that don't know it - as most of the "locals" will know where to avoid if they can manage it.

Remembering when I moved here and there were variously attempts to flog me off:
- a house with goodness only knows how many potential boundary disputes lined-up waiting to surface and at risk of flooding
- a distinctly overpriced house in a somewhat "precarious" location

for instance.

Two incomer friends of mine got flogged houses with Japanese Knotweed in the garden (one had a survey/one didnt - but even the one that had a surveyor didnt get told about it).

rockabillygirl · 14 July 2018 at 9:58AM

Hi. I sold up in London and moved to Nottingham to buy mortgage free. I would suggest renting for a while to get a feel for different areas first. Good luck!

sal_III · 14 July 2018 at 12:03PM

Famo wrote: »

I have been reading about various areas and have thought of Northampton/Birmingham/Newcastle (I have lived in Newcastle for 2 years, Studying). Sal, 3 bed house in London ? Where. I don't know anybody in Nottingham. I want to make a fresh start as I am somewhat distant from my remaining family. I am hoping that if I get a decent offer I can take a chance on the work front as even if I'm off for at worst a year I can weather the storm.

Worried Jim....Derby seems good value although Nottingham perhaps a little more desirable.

https://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION%5E87490&minBedrooms=3&maxPrice=280000&propertyTypes=detached%2Csemi-detached%2Cterraced&primaryDisplayPropertyType=houses&includeSSTC=false

Now I didn't say they are the best of properties or in top areas...

But you might want to consider higher budget by taking a small mortgage and if you are concerned about income, let some spare rooms to lodgers to supplement your income. You didn't mention partner/spouse and/or kids, 3 bed house is overkill for single person, maybe pass through 2bed until your family gets bigger and then up-size based on schools etc.

There are options if you want to buy in London witch such a large equity in your current property. On the other hand if you simply want a change of "scenery" go right ahead.

elsien · 14 July 2018 at 12:07PM

Three bedroom isn't neccessarily over kill for a single person. I fill mine quite adequately and occasionally wonder how families manage to fit themselves in. Two bedrooms are harder to sell on, being neither one thing or the other.

moneyistooshorttomention · 14 July 2018 at 12:10PM

elsien wrote: »

Three bedroom isn't neccessarily over kill for a single person. I fill mine quite adequately and occasionally wonder how families manage to fit themselves in. Two bedrooms are harder to sell on, being neither one thing or the other.

Agreed.

I have 2 bedrooms and the sitting room is the size of a through lounge.

But I'd like another room (whether bedroom or reception room) and a conservatory and a garage (or similar) for storage.

elsien · 14 July 2018 at 12:12PM

Personally I'm still hankering after a walled garden and a turret.

PLEASE READ BEFORE POSTING

Relocating from London.

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