Here's the situation, currently living in a house owned 50/50 between my missus dad and his partner, they rent it out to us at significantly reduced cost.
They're now splitting up and just to be a ***** she's now wanting to stick the rent up to a level we can't afford. My missus dad is going to move in to our spare room for a while and pay the difference though i simply CANNOT live with him for more than a couple of weeks (I know some might say just stick it out, but that's not me, I'm a very private person, i like my personal space) on top of that her dad can't afford anything more than a house share so that's what he's looking for once he's lived with us for a while.
Our first thought was "look for another house" but rental around here is stupidly expensive and there simply aren't any up for rent that we like and it's unlikely there will be for some time. Now on top of this we own a 1 bedroom flat in the middle of town, to which we make a loss on every month because we simply can't do anything with it (negative equity
) and living in it seems highly unlikely with me, missus and our 2 year old son.
That being said, I've done the figures and it works out we could save £1000 per month if we did try and live in it for a while.....1 year and that's a deposit on a house!
I seem to have a few options...
1) Stick it out with missus dad, continue to live here in a lovely big house and save next to nothing every month but have all the space we need
2) find a smaller house, be in debt for a few months as we don't have money for a deposit even for renting so the deposit would have to go into an overdraft, but eventually save a bit of money that way. Space could be a bit 50/50 here.
3) Attempt to live in the 1 bed flat for 6 months at least, save up a nice wad of cash, sell the flat (thus removing the loss every month which i should mention is in the region of £190pm!) and buy a house. No space for parking, garden, room for little un to run around.
The financial option of number 3 sounds so so good but could put a lot of strain on a relationship having no space, especially over Christmas time when it's so cold out that going out or taking little un out regularly becomes less desirable.
I should mention, moving would mean the 7th time we've moved in 7 years, and the 5th house my 2 year old son would have lived in, which is another reason to keep looking at option 3 because to have somewhere to call our own we could finally settle would be fantastic.
I don't know why I'm posting this here, been feeling a bit depressed about the whole thing today and need some advice i suppose...I probably haven't explained the situation that well really.
tl;dr: Sick of moving house, hate living with people i don't want to live with, do 2 adults and a child attempt to live in a 1 bed flat for 6-9 months? First world problems and all that....
They're now splitting up and just to be a ***** she's now wanting to stick the rent up to a level we can't afford. My missus dad is going to move in to our spare room for a while and pay the difference though i simply CANNOT live with him for more than a couple of weeks (I know some might say just stick it out, but that's not me, I'm a very private person, i like my personal space) on top of that her dad can't afford anything more than a house share so that's what he's looking for once he's lived with us for a while.
Our first thought was "look for another house" but rental around here is stupidly expensive and there simply aren't any up for rent that we like and it's unlikely there will be for some time. Now on top of this we own a 1 bedroom flat in the middle of town, to which we make a loss on every month because we simply can't do anything with it (negative equity
) and living in it seems highly unlikely with me, missus and our 2 year old son.That being said, I've done the figures and it works out we could save £1000 per month if we did try and live in it for a while.....1 year and that's a deposit on a house!
I seem to have a few options...
1) Stick it out with missus dad, continue to live here in a lovely big house and save next to nothing every month but have all the space we need
2) find a smaller house, be in debt for a few months as we don't have money for a deposit even for renting so the deposit would have to go into an overdraft, but eventually save a bit of money that way. Space could be a bit 50/50 here.
3) Attempt to live in the 1 bed flat for 6 months at least, save up a nice wad of cash, sell the flat (thus removing the loss every month which i should mention is in the region of £190pm!) and buy a house. No space for parking, garden, room for little un to run around.
The financial option of number 3 sounds so so good but could put a lot of strain on a relationship having no space, especially over Christmas time when it's so cold out that going out or taking little un out regularly becomes less desirable.
I should mention, moving would mean the 7th time we've moved in 7 years, and the 5th house my 2 year old son would have lived in, which is another reason to keep looking at option 3 because to have somewhere to call our own we could finally settle would be fantastic.
I don't know why I'm posting this here, been feeling a bit depressed about the whole thing today and need some advice i suppose...I probably haven't explained the situation that well really.
tl;dr: Sick of moving house, hate living with people i don't want to live with, do 2 adults and a child attempt to live in a 1 bed flat for 6-9 months? First world problems and all that....
