The Right to Buy. Or not.
Here's a rub on the plans....
If I accept the new tenancy, I lose my right to buy.
The guy who currently has the house, has no such right, and to take it on I must accept that I can never own it.
What say you trusty folks?
Do I sit tight and let this opportunity go by, in the hopes that I might get in the position of being able to buy my way out of here, maybe, one day?
Or do I give up this right and just go with the new surroundings and accept that I very probably will never own property?
Papers can be signed tomorrow if I choose............................
I hate dilemmas.
posted by Kayfer Kettle @ 31.7.06
11 Comments:
Now that is a dilemma Lena, one that I don't feel I could offer any advice on as I know little of you, your circumstances, or of the right to buy technicalities.
I guess as its got this far you must be keen to move and have been unable to find another suitable 'right to buy' property.
Or maybe it seemed a good idea on impulse but now the realities are becoming more apparent?
Thinking of you as you decide today.
Difficult one this Lena, I guess you need to decide why you would want to buy. Do you pay rent? And if you pay rent how much more would the mortgage be. If you can work that out and put the difference aside then you can work out whether in the long run you can save the same amount in the time it takes to pay off the mortgage.
If you want something to leave to Charlie then think of it this way you're only 19 years older than him, odds are he'll only live for 10 or 15 years after you're gone. Another way of looking at it is, do you want to own, as this will propel you towards the next rung of the ladder. I'm don't get the impression this is what you're after. You seem to be striving for real quality of life, rather than the trappings and appearance of quality of life
If you're going to miss your community then that's a different thing all together, but I get the feeling you feel you are becoming less interested in making new relationships every few years, with younger and younger people.
On the other hand think about the many, many years ahead, you pottering in your garden, sitting in the tranquil surroundings with a glass of wine/bottle of tequila in your hand.
As Lucy says I don't know you well enough to really advise but I get the impression just from the past couple of years you've missed a couple of opportunities that you wish you'd done, the travelling being one. I'm a great one for going on instinct.
If you can live out your working life here and the property will still be paid for when you eventually retire then I can't see why this is a bad option. The security is equal to having a mortgage, you just don't end up with something at the end, but as I said you have to ask yourself why you want that something at the end.
Thanks for your kind words Lucy.
I've come to my decision, and that's to move on, forgetting about the right to buy. It ultimately means nothing to me, so why hanker after it eh?
Thanks again.
K xx
Six,
I have replied to you personally via email.
You're a star!
K x
He s clearly a star and has said pretty much everything very well; I'm obviously too late to say anything as you've already decided!...the right way! yippee...as Six says (and I agree) you sound VERY much like someone who DOESN'T want those ties...also by renting you are very much more flexible be that for future employment, future relationships, future travelling...whatever...pity I didn't have a chance to say any of that before but it makes no odds now...
So Lena do tell, the guy that has it at the moment, does he come with the property?
Lucy, can you rephrase that please...
:-)
LOL! Lucy!!!!
What you mean the 55 year old drunk that is the current tenant???
I live in hope.......
K x
Oh Span I'm sorry that you didn't get your wise words in on time to be part of the decision, but I tell you this, and I hope it is at least small consolation for you, that you have reinforced my feelings that I am making a wise choice.
You are valued just as much in retrospect!
K xxx
Are you now in the middle of moving Lena?
Hope its all working out.
If you have time I've got a link to a free fantasy football fun thing, it starts on saturday so it is short notice but hey its fun.
Link on my blog.
Hi Lucy,
Not moving yet but just waiting on the final, official ok to do so.
I'm hopinh it'll be before it starts getting cold again.......
Kate x
Post a Comment
<< Home