Remember, in this climate wages are like shares, they can go down as well as up...

On that note....

Your advice please.

I am married with 2 kids, our dream home has always been my dads place which he needs to sell and downsize, he needs to get the right money unfortunatly which is about 260k.

The only way i can buy it is if i earn more money.

I like where i am and dont want to move jobs but i wouldn't be able to get the pay increase to get the mortage.

I have about 18 months before he sells.

What would you do?

Double post!

Edited June 15, 201312 yr by sjsturner

How much equity is in your house and does your dad need all the money £260k sound cheap for a dream house

How much equaty is in your house and does your dad need all the money £260k sound cheap for a dream house

Yea marriage break up, its valued nearer 300k but quick sell and all that.

Everthing needs doing up ect.

Massive garden garage 4 bed and great location.

Obviously not a dream house but a realistic dream house

Equity 30k

Edited June 15, 201312 yr by sjsturner

So assuming you can sell for the right amount you have over a 10% deposit, what is you and your partners combined income you can pm me this info if you would rather not say (This is a public area)

 

Does your dad need the money to pay his partner off and buy somewher for himself to live? Or is there other factors

How old is your dad

How old is your dad

He aint gonna kick it within 18 months jimbo!

Lol 60

How much you looking for the prosys Peter? Include the 10 buks shipping in the price.

My advice would be get some professional financial advice.

My advice would be get some professional financial advice.

The advice at bank is earn more.

Do you mean independant advisor ie not the bank?