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Moving north to get on the ladder?
#1540941
09/06/2015 11:47
09/06/2015 11:47
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elder81
Unregistered
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elder81
Unregistered
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Is it worth it?
Fallen into the renting trap and as we live in a very affluent area house prices are bordering on the ridiculous. The 2 bed upstairs maisonette we rent at the moment is valued at over £200,000.
With a new baby we want to buy a 3 bed house, but being a single income family it is all but impossible to get a mortgage big enough to dtay in the area.
If we move north we can get a decent size property for a lot less money.
The question is, is it worth it?
Work is not a problem as I can work from home neither is family or friends. Southport is on my radar as my family are originally from there.
What are your thoughts?
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Re: Moving north to get on the ladder?
[Re: ]
#1540943
09/06/2015 12:03
09/06/2015 12:03
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Joined: Dec 2005
Posts: 16,603 Corridor of Uncertainty
Jim_Clennell
Forum veteran
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Forum veteran
Joined: Dec 2005
Posts: 16,603
Corridor of Uncertainty
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I would say - without hesitation - go for it. With modern rail links (and even the roads if you pick your moments), you can be in most parts of the UK pretty swiftly. Cambridge may be a pretty town with lots of high-tech and history, but it is so ridiculously expensive, we feel relieved every time we go back there that we no longer live there. Even over here in Gloucestershire, prices are a lot more reasonable and I think most places further north will allow you to get a house you actually like and care about, rather than a hutch you can (almost) afford. If you have family and friends in Southport, then look there, but if your other half isn't from that neck of the woods, maybe think about somewhere else so that you make new friends together, instead of one of you already having connections. Have a look on RightMove and see what your money can buy you...
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Re: Moving north to get on the ladder?
[Re: ]
#1540946
09/06/2015 12:24
09/06/2015 12:24
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Joined: Sep 2006
Posts: 8,960 west bromwich
coupedummy
Je suis un Coupé
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Je suis un Coupé
Joined: Sep 2006
Posts: 8,960
west bromwich
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Wow. 200k could buy a 4 bed semi with garage in parts in the west Midlands. My 3bed was half that again.
I would consider it for sure. I moved not that far but 20ish miles from where I was brought up to get the above house. Typically a 3 bed terraced in Birmingham is 50-60k more.
Last edited by coupedummy; 09/06/2015 12:26.
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Re: Moving north to get on the ladder?
[Re: ]
#1540959
09/06/2015 14:25
09/06/2015 14:25
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elder81
Unregistered
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elder81
Unregistered
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Hey MRS,
We have thought about moving to Fife also as my OH extended family live bear St Andrews.
Although work is not an issue for me, i have to think of the Mrs and the eldest who would be 18ish by the time we move.
WHat is the work situation like north of the border?
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Re: Moving north to get on the ladder?
[Re: ]
#1540962
09/06/2015 14:30
09/06/2015 14:30
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metalste
Unregistered
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metalste
Unregistered
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You can do far worse than southport
Last edited by metalste; 09/06/2015 14:31.
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Re: Moving north to get on the ladder?
[Re: ]
#1540965
09/06/2015 14:44
09/06/2015 14:44
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elder81
Unregistered
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elder81
Unregistered
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Oh yes, spent many a happy years on the pier and amusement park. I even learnt to drive on the beach Is the sea road still really bumpy?
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Re: Moving north to get on the ladder?
[Re: ]
#1540972
09/06/2015 15:31
09/06/2015 15:31
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Joined: Mar 2006
Posts: 8,852 Cambridge & Cotswolds
MeanRedSpider
Je suis un Coupé
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Je suis un Coupé
Joined: Mar 2006
Posts: 8,852
Cambridge & Cotswolds
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WHat is the work situation like north of the border?
Afraid I don't really know as I work in NL
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Re: Moving north to get on the ladder?
[Re: ]
#1540977
09/06/2015 15:46
09/06/2015 15:46
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elder81
Unregistered
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elder81
Unregistered
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AH yes, forgot about that. There are some lovely properties in scotland and the fife area for not much more than 100k.
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Re: Moving north to get on the ladder?
[Re: ]
#1540978
09/06/2015 15:51
09/06/2015 15:51
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Joined: Dec 2005
Posts: 9,706 Gone
Jimbo
Je suis un Coupé
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Je suis un Coupé
Joined: Dec 2005
Posts: 9,706
Gone
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You can do far worse than southport Yes but Kibera is South How far north are you looking to go? Gloucester as Jim mentioned and Lincoln area is cheaper than chips and still only and hour and a half from the capital.
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Re: Moving north to get on the ladder?
[Re: MeanRedSpider]
#1540979
09/06/2015 15:52
09/06/2015 15:52
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Joined: Jan 2006
Posts: 5,294 Portsmouth
ali_hire
Forum is my life
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Forum is my life
Joined: Jan 2006
Posts: 5,294
Portsmouth
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WHat is the work situation like north of the border?
My wife's best friend has just moved to Inverness; she has family in Dornoch. She transferred with Southern Electric but her husband has found it difficult to find suitable employment. He was an electrician working for Rolls Royce in Chichester. He wanted to ideally work on the wind turbines but found it very difficult (either through lack of wualification/experience or unavailability). He's now got himself a job as caretaker in a hotel. It doesn't pay what he was used to taking home but it's employment.
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Re: Moving north to get on the ladder?
[Re: ]
#1540990
09/06/2015 16:56
09/06/2015 16:56
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metalste
Unregistered
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metalste
Unregistered
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Ha, yes the sea wall is still very,very bumpy. One or two of them are almost to bumpy, speed limit is 50 but I don't go above 40 lol.
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Re: Moving north to get on the ladder?
[Re: ]
#1540996
09/06/2015 17:10
09/06/2015 17:10
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Joined: Mar 2007
Posts: 16,787 Auld Reekie
Edinburgh
Club President, member225
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Club President, member225
Forum veteran
Joined: Mar 2007
Posts: 16,787
Auld Reekie
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The north-east of England has a really modest standard of living, we're always amazed by how cheap things are. Compared to Edinburgh mind where properties command silly money quite a lot of places are reasonable. Fife is lovely, a really fertile and friendly county (Kingdom ) with beautiful coastal villages which will tend to slightly higher, touristy, prices, but it's handy for Edinburgh, Perth, even Stirling for example by rail, bus and soon-to-be two bridges. We also need more coupes
BumbleBee carer
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Re: Moving north to get on the ladder?
[Re: ]
#1541007
09/06/2015 18:30
09/06/2015 18:30
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poprock
Unregistered
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poprock
Unregistered
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Conversely, I’d move south in a heartbeat if only the money weren’t such an issue.
There’s no way I could live in a more expensive area on the same money I get now … and that seems to be all I’m offered when looking around.
So staying north of the border it is!
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Re: Moving north to get on the ladder?
[Re: Jim_Clennell]
#1541042
10/06/2015 10:34
10/06/2015 10:34
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Joined: Jun 2006
Posts: 6,144 Southampton, Hants
Roadking
Club member 1809
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Club member 1809
Forum is my life
Joined: Jun 2006
Posts: 6,144
Southampton, Hants
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Just remember that property differentials are likely to remain, so moving back down sarf may result in the need to downsize.
"RK's way seems the most sensible to me". ali_hire 16 Dec 2010
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