Reply to: To Move or Not to Move

[MrNoMotivation]

phoned contractormoney and they said you can either annualise daily rate if you're working or use annual salary + divi (£40K).
you can get around 4.5 times salary = £180K.
That'll do me.

[MrNoMotivation]

Dont move. Wait for the double dip to occur.

but my house will dip as well.
I know it will be less then the one I'm buying but I won't save that much.

[BrilloPad]

Dont move. Wait for the double dip to occur.

[MrNoMotivation]

I love your ability to deal with risk.
So you want to take on a mortgage with no guarantee of future employment?
Interesting POV.

So if I get renewed with a 3 month ext. it would be ok. Even though there's not certainty of getting a job after that.
A mortgage is for 20-30 yrs.
We're contractors. That's the risk we take.
With a good war chest of up to 2 yrs after I've moved I would get worried if I couldn't get a job in that time. I'd just take a position of 200pd-250 p/d after 3 months instead of going for 350-400.

[Cyberman]

First "thanks" on record to Cyberwhotsit - there's no way it can be a Monday.

EmiNeM - don't see why moving is an issue. Family and kids come first. Seems you already did your bit, lining the nest. You're well set up. Go where your heart is.

[Emigre]

excellent. thanks for that.
Company open for more then 2 yrs and accountant is SJD.

First "thanks" on record to Cyberwhotsit - there's no way it can be a Monday.

EmiNeM - don't see why moving is an issue. Family and kids come first. Seems you already did your bit, lining the nest. You're well set up. Go where your heart is.

[sasguru]

I love your ability to deal with risk.
So you want to take on a mortgage with no guarantee of future employment?
Interesting POV.

[MrNoMotivation]

I remortgaged even though I had been out of work for six months. As long as you can provide at least two years company accounts, as I did, plus have a good accountant that will verify your expected earnings for the next year, you really should have no problem. Good luck.

excellent. thanks for that.
Company open for more then 2 yrs and accountant is SJD.

[Cyberman]

got a bit of a dilemma here.

However, can I get a mortgage if I don't have a contract?

I remortgaged even though I had been out of work for six months. As long as you can provide at least two years company accounts, as I did, plus have a good accountant that will verify your expected earnings for the next year, you really should have no problem. Good luck.

[MrNoMotivation]

It's interesting that you factor that into the equation. Asking the other half's or my own parents for money would be a flipping disaster in my book.

I agree. Haven't asked anything from my in-laws apart from baby sitting.
I've never asked my parents for money. I've actually told my dad to retire early as he has health issues. Nothing major. I've told him if he does and then he's short of money for a few months I'll give it to him. Don't even want it paid back.
I'm talking about major disaster. Even then I would prefer to sell and get a smaller house first.

[DimPrawn]

What about Swindon? I heard there's a superb one-bed council house available from someone else looking to upgrade.

Ex-social housing.

[fckvwls]

currently living in Selsdon but won't to move to sanderstead. A couple of nice village primary schools. Only 2 miles away from where I live now.

What about Swindon? I heard there's a superb one-bed council house available from someone else looking to upgrade.

[fckvwls]

Parents also loaded if necessary.

It's interesting that you factor that into the equation. Asking the other half's or my own parents for money would be a flipping disaster in my book.

[lilelvis2000]

you are at the crossroads of your life mate.


good luck

WHS plus

I am thinking of moving away from this armpit of England. I'm going because my family needs the sacrifice no matter what it costs.

[MrNoMotivation]

Can't comment on the rights and wrongs of moving at this time, but on the school issue:

Depends on where you live - urban or rural.

If urban then you will need to get into catchment of chosen primary school, and this is still not guaranteed - check the school admissions policy carefully - usually found on school website.

If rural then slightly greyer. We chose not to send our eldest to the locl primary (even though it was the 'best' on results) as it was very large and has an issue with bullying. We chose to send him to a local village primary - best decision we made, he's really enjoying it whereas other kids that went to the large 'good' primary are thinking of changing.

Another issue will be secondary schools. Catchment is more important then primary I think. Check them out as well as you will be thinking of moving again when its time to enroll your little one.

Good luck with your choice.

currently living in Selsdon but won't to move to sanderstead. A couple of nice village primary schools. Only 2 miles away from where I live now.