We've been searching for a area and house for a while now, mainly because we want more country/green space, escape the high levels of crime here in Bexleyheath like frequent stabbings, antisocial behaviour and other types of crime, and the fact that we have a two-year-old child and want a better and safer environment to raise them plus we want to extend our family.
Late last year, we sold our current property, even though our buyers faced some challenges with their own sale (lost two buyers) we agreed to wait for them as we hadn’t found anywhere suitable thus, the delay actually worked out well for us, given some family issues we needed to address.
Now, we've found a property just outside Tenterden, Kent, which is an upgrade compared to our current house and our buyers have a FTB in place. It's a detached house, a bit larger than what we have, and we can transfer our mortgage, with the fix ending next February, fully expecting 5% plus.
However, despite having good incomes, we've adjusted our budget due to high interest rates and wanting to be a bit sensible. So, the question is, is it the right time to upgrade right now? We have negotiated a 5% reduction from the asking price, and this property is a new build from a reputable good quality Kent developer.
