Bought in 06 ,age 41 now
275K 100% mortgage 4 bed detached home in small estate
Now 200K left
Issue is area ,it's a small town and I dislike it would rather move back to city but prices there 430-600K
We have 80K savings separate from education savings. If we trade up the 80k would be the deposit and then a hefty monthly mortgage
Other idea is to buy outright apartment in Spain ,and stick it out in this town ,apartment will mean extended holidays and possibility to move for early retirement,but staying in this town .
Is a huge mortgage worth it to be in a better location
275K 100% mortgage 4 bed detached home in small estate
Now 200K left
Issue is area ,it's a small town and I dislike it would rather move back to city but prices there 430-600K
We have 80K savings separate from education savings. If we trade up the 80k would be the deposit and then a hefty monthly mortgage
Other idea is to buy outright apartment in Spain ,and stick it out in this town ,apartment will mean extended holidays and possibility to move for early retirement,but staying in this town .
Is a huge mortgage worth it to be in a better location
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