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JimG43

Move Rental Or Wait And Buy?

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I currently rent a ground floor flat which is in an early '90's development in Bristol about 10 minutes drive to work. I have been here 20 months and get on well with the landlord (we leave each other alone). The flat suffers from damp in the cold months and isnt helped by the appauling Economy 7 'heating'. The carpets are ancient, the walls havent been painted in the last five years and nobody cares aout anyone else because the whole block is tennants. I have stuck with it because its cheap at £395 a month.

After suffering colds on and off for months i have decided to move. I can get a two bed semi in a better part of the development for £595 a month (with a separate kitchen and a garden - woo!). I earn ~£1500 after deductions a month.

Question is, do i move and suffer around £210 a month hit for the better place (which reduces my monthly savings)?

Or stay put another 6-12 months and hope that decent houses come back down to my price range (~£120k) and buy?

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Have you asked your landlord to make improvements to your flat? If you move out, he will probably struggle to find anyone else willing to rent it in its current condition. Worth a try asking him I think.

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Think I would be tempted to move! We have just gone from paying £ 595 a month

to £1k a month!! Quite a jump but from a 2 bed flat to a 4 bed detached.

Yes, we would prefer to be paying the lower rent but to have the nicer pad is so much better for us and worth the extra pennies.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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