Only really works on straight roads, so it might have to be Immingham.Happy to share lifts anytime.
(Doesn't really matter where to).
Only really works on straight roads, so it might have to be Immingham.Happy to share lifts anytime.
(Doesn't really matter where to).
No reason to be a one way journey. As long as you feel no obligation to pass on capital in old age can sell up and rent in Brighton My aunt moved to Newcastle 20 years ago. Now 81 Sold her house for £240k and now has a nice rented flat in central Hove and aims to spend her money in her lifetime. Helps she has no childrenSorry for the long read @Eyeore but I did exactly as you are contemplating.
It is a mammoth decision which I thought about for years before actually doing it.
I sold up and moved out of Brighton & Hove in 2016 having grown up there from the age of 6/7 - so leaving a place I had lived for over 45 years - I was anticipating not being well enough in the next few years to carry on working full time once I had had a diagnosis a few years previously for a progressive neurological condition. I didn’t want to claim benefits though either, and like you was over the threshold because of savings - I was still capable of working so I just needed to reduce my overheads to survive - ie pay off my mortgage (which I had already reduced over the years), downsize (or in my case, downvalue) and live in a cheaper area.
Already in my mid 50s, that was a real life changing decision especially as a/ I didn’t drive b/ I had to move far enough away from the SE and all my friends and family before I could afford to cash buy the sort house I wanted in an area that was also pleasant to live in.
It was tough I don’t mind telling you - I felt very isolated for several years as I had absolutely nothing in common with the people living in my new area, had to start a new job, and make new friends from scratch which for someone with autism and growing mobility issues was tough. Two years of pandemic and lockdowns within a few years of moving didn’t help. I have been here now over 6 years and only just beginning to ‘let go’ of cosmopolitan Brighton and start feeling rural Norfolk is my home. Having to travel most of day on public transport to get to the Amex and having to make them overnight trips for evening matches has been one of the toughest things to deal with.
However, the peace of mind that comes with owning your own home, with no mortgage can’t be overstated. For the first time in my life too, I no longer lived in a flat with the noise above and below which for me being noise sensitive is brilliant - but also have a lovely flint cottage with a gorgeous decent sized garden in a very quiet, semi-rural area with excellent public transport links to the rest of the UK. I also have a job I love which I never would have had in an urban environment like Brighton.
The biggest issue for people of our age is that moving from the SE/Brighton to a cheaper area is likely to be a one way journey - I very quickly was priced out of the market once I moved - it will be nigh on impossible for me to return unless it’s into a tiny supported housing flat for the elderly (which I’d hate!)
I sold a large period flat in Hove and cash bought a 2 bed house with a 150ft garden and still released nearly 50% capital from the proceeds of sale which I put in fixed bonds and ISAs - that gave me enough to live off the monthly interest, pay national insurance stamps until I retire and reduce my working hours to part time without having to claim means tested benefits.
It’s had its difficulties but even in your late 50s it is possible to completely start a new life in another part of the Country on your own. You just have to be brave and make the move before you are physically too elderly/infirm to cope.
I looked at property in Scotland and Cumbria because property was so cheap but ruled out completely rural areas with little infrastructure and cold weather in the end - you have to be pragmatic and think ahead as you get older of the infrastructure you will need (access to public transport/NHS healthcare etc) especially if there is a possibility that you will need to stop driving at some point - Norfolk, where in some areas it is still possible to buy a 2 bed house for £175,000 or flat for £100,000 and where the weather is drier than the rest of the UK fit the bill perfectly. An hour and half out of London, fantastic wildlife and countryside, some great villages and near some of the best beaches in the UK if you need to live near the sea still.
Feel free to PM me if you want any more specific info or recommendations for the area.
At least we dont have all the arrogant southerners up here.I would suggest moving up here but it is horrible and full of northerners apparently.
Some parts of Cumbria have caught up a bit. I bought my house 21 years ago - I couldn't buy it now.I looked at property in Scotland and Cumbria because property was so cheap
Are you classing yourself as a local, or an incomer?Faversham is the best bet. The locals are tolerable.
IncomerSome parts of Cumbria have caught up a bit. I bought my house 21 years ago - I couldn't buy it now.
Are you classing yourself as a local, or an incomer?
I’m originally from Brighton and lived there for about 33 years, I moved to Seaford and immediately loved living there. Moved to Newhaven as the house prices are cheaper and my wife is from here.50’s is still relatively young. Don’t be scared of change. People do degrees in their 50 and 60’s they change career, move around. I’d look to Sussex, you can’t really go wrong with the likes of Seaford and Newhaven, especially Newhaven these days it on the up and quiet.
“I know that at some stage I will have to leave behind everything I have known”
This line made me feel sad.
So what happens when you retire?Remember sometime ago relatives/friends in Germany said no stigma attatched to renting and 50/60% were happy to do so Is this still the same