How to afford it
Moderators: Section Moderators, Forum Moderators
The problem for most first time buyers is that they never factor in planning for school fees or buying a house in a great catchment area. It's once you have your children you realise (usually a year before they start) whether your street is in the catchment for the worst performing school. Is it worth remortgaging your house? It depends on the circumstances but on the whole I would rather make that choice than be constantly stressed and worried about my kids happiness.
-
- Posts: 1863
- Joined: Fri Feb 27, 2009 1:41 pm
- Location: Gravesend, Kent
Also depends if there is any equity in the house!
We spent 12 years in negative equity, finally saving enough to pay it off to move because although the used condoms in the garden were gross, the attempted murder of a drunk pub goer and resulting blood all over front door and garden were the last straw!
Moved to different area but mortgaged to hilt and now have no equity. Didn't want to rent as had rented before, properties were awful and landlords just plain nasty.
Savings gone, deaths of my dad, step father and sister mean I have inherited my mother who has dementia. My OH supports me, three children, my mother and his parents. Thanks love.
My neighbour inherited £60,000 from her grandparents and is now mortgage free at 34.
All we've inherited is my mum, £100, a silk cravat,a t shirt and a cakestand!
Hence my sprogs at state school. Oh, the great plans we had and then life comes along!
We spent 12 years in negative equity, finally saving enough to pay it off to move because although the used condoms in the garden were gross, the attempted murder of a drunk pub goer and resulting blood all over front door and garden were the last straw!
Moved to different area but mortgaged to hilt and now have no equity. Didn't want to rent as had rented before, properties were awful and landlords just plain nasty.
Savings gone, deaths of my dad, step father and sister mean I have inherited my mother who has dementia. My OH supports me, three children, my mother and his parents. Thanks love.
My neighbour inherited £60,000 from her grandparents and is now mortgage free at 34.
All we've inherited is my mum, £100, a silk cravat,a t shirt and a cakestand!
Hence my sprogs at state school. Oh, the great plans we had and then life comes along!
-
- Posts: 1863
- Joined: Fri Feb 27, 2009 1:41 pm
- Location: Gravesend, Kent
Thanks T.i.p.s.y. and Ed's Mum.
My friend's motto is " Life's a b i t c h and then you die."
Mine came from my dying sister- "Keep your face always toward the sunshine, and the shadows will fall behind you."
I think I'll stick with mine, though it's cloudy today, I'm hoping for a lovely sunny autumnal day tomorrow. My children are happy
and healthy and that's worth a fortune to me.
inky x
P.S. although the inherited t-shirt has never fitted, the cakestand comes in handy at Christmas!
P.P.S. Will return to main forum, apologies for sticking nose in here!
My friend's motto is " Life's a b i t c h and then you die."
Mine came from my dying sister- "Keep your face always toward the sunshine, and the shadows will fall behind you."
I think I'll stick with mine, though it's cloudy today, I'm hoping for a lovely sunny autumnal day tomorrow. My children are happy
and healthy and that's worth a fortune to me.
inky x
P.S. although the inherited t-shirt has never fitted, the cakestand comes in handy at Christmas!
P.P.S. Will return to main forum, apologies for sticking nose in here!
-
- Posts: 271
- Joined: Fri Jan 25, 2008 11:18 pm
Blimey, Inky, you've been through it, you poor poppet, yet you sound so buoyant. If it's any consolation, my father (long story, left school at 12, 3/4 blind etc) ended up supporting endless people, akin to a circus man having more and more tumblers tossed onto his shoulders and he just carried on shouldering it. Made him the star he is. Something'll give in the great cosmos and the sun will shine on you!
-
- Posts: 1863
- Joined: Fri Feb 27, 2009 1:41 pm
- Location: Gravesend, Kent