ChatterBank0 min ago
to rent or buy
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my husband is 71 and i am 53. we are looking to move and wondered if it would be sensible to rent a property and live off the interest from the sale of our house(around 130 thousand) thanks for any help
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This very much depends on your other income - interest is subject to income tax.
You have to also consider that rent goes up annually - and you could quite easily be paying rent for the next 30 or 40 years.
If you can afford to buy another house without a huge mortgage - or no mortgage - I would probably say 'buy'.
You have to also consider that rent goes up annually - and you could quite easily be paying rent for the next 30 or 40 years.
If you can afford to buy another house without a huge mortgage - or no mortgage - I would probably say 'buy'.
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