H
homeadvice
Guest
I just want to sanity check our decision.
We bought our house for 350 in 2004. Our mortgage is 270. 200k of which is fixed! We are currently northside of Dublin but watn to move southside nearer my ailing parents. Our plan is to sell and rent for 1/2 years and then buy. We currently have an offer of 350K.
Husband had a good job paying over 100k which he was recently made redundant from. We have 70k savings which should tide us over till husband gets a job. He's had 4 interviews and came 2nd in all of them! Our long term plan was always to move but not this soon. It was targetted at 2/3 earliest when our child starts school. What is prompting us to go is the house collapse - we don't want to be in negative equity, access to schools, and in particular near my parents who will need support going forward. Assuming the sale goes through we will have 125k in the bank. (including savings) Are we mental. Should we just hold off for a few more years and revisit when we are back on track or should we just be brave and take the risk. Thanks for taking the time to read!!! Our heads are wrecked!
We bought our house for 350 in 2004. Our mortgage is 270. 200k of which is fixed! We are currently northside of Dublin but watn to move southside nearer my ailing parents. Our plan is to sell and rent for 1/2 years and then buy. We currently have an offer of 350K.
Husband had a good job paying over 100k which he was recently made redundant from. We have 70k savings which should tide us over till husband gets a job. He's had 4 interviews and came 2nd in all of them! Our long term plan was always to move but not this soon. It was targetted at 2/3 earliest when our child starts school. What is prompting us to go is the house collapse - we don't want to be in negative equity, access to schools, and in particular near my parents who will need support going forward. Assuming the sale goes through we will have 125k in the bank. (including savings) Are we mental. Should we just hold off for a few more years and revisit when we are back on track or should we just be brave and take the risk. Thanks for taking the time to read!!! Our heads are wrecked!