A dear friend of mine same age as me , HGV driver all his life same as me , lost his licence through medical probs 1 year ago , has now just had his home repossessed .
He could not keep up his mortgage payments and could not sell his home for enough money to clear his remaining mortgage .
Now I on the other hand , who have been lucky enough to be mortgage free for over 20 years now , have just had a cash offer of 10k over the market value of our bungalow , because it is in a specific place the potential buyer wants to be .
Now I had no intention of really ever selling this place , we both love it here its beautiful , with great neighbours etc .
However this seems an offer too good to turn down , 2 slight probs though .
1. There is no suitable property at the moment within a 3 mile radius of here .
2. Do we take a leap of faith into the rental market ? with property going up as fast as it is here at the moment , if we don't get that big lump of money back into bricks + mortar pronto we could find ourselves in the deep do do .
We have some time ,, she wants our place so much she is prepared to wait ,, however of course everyone has they're limits , she has said 2 or mabe 3 months .
If I can get another bungalow to do up like i have done this one at the correct do up price I shall retire now from work and do exactly that
1. I would enjoy doing that instead of all the daily bullcrap I face
2. I would double my wages for that year in the increase of value of the property .
All I want to do is the best for the missus , so when I am gone she has a comfortable life .
Decisions decisions![]()