L
louRudd
New Member
Hi guys.
I am desperate to buy a property and get on the property ladder. I was looking to move out of London to Hastings and I found some good properties within my budget of 160k. (I have a mortgage offer in principle from Halifax)
Sadly, due to a work issue, I am no longer going to be able to move out of London and obviously cannot afford anything in the city within my budget. So i'll have to continue renting for a bit longer. However, I still have my mortgage offer and my deposit saved, and so i still want to go ahead and buy something even though my situation will prevent me from enjoying the property myself.
Just thought i'd put it out there and ask people what they would do in my situation?
For example, I've viewed properties in Hastings that have happy tenants in them. I could buy a place like this and then i'd be on the ladder, have rent coming in, and then in the future i could move in to the property myself if my situation changes. Or, if i'm going down this buy-to-let route, then is there a better area of the UK I could buy where i'm more likely to see an appreciation in value? Or is there something better i should do with my money?!
Any advice would be really appreciated! Thanks!
I am desperate to buy a property and get on the property ladder. I was looking to move out of London to Hastings and I found some good properties within my budget of 160k. (I have a mortgage offer in principle from Halifax)
Sadly, due to a work issue, I am no longer going to be able to move out of London and obviously cannot afford anything in the city within my budget. So i'll have to continue renting for a bit longer. However, I still have my mortgage offer and my deposit saved, and so i still want to go ahead and buy something even though my situation will prevent me from enjoying the property myself.
Just thought i'd put it out there and ask people what they would do in my situation?
For example, I've viewed properties in Hastings that have happy tenants in them. I could buy a place like this and then i'd be on the ladder, have rent coming in, and then in the future i could move in to the property myself if my situation changes. Or, if i'm going down this buy-to-let route, then is there a better area of the UK I could buy where i'm more likely to see an appreciation in value? Or is there something better i should do with my money?!
Any advice would be really appreciated! Thanks!