Change of Plan

[Poppet7]

Just so that I don't keep explaining the same thing over and over again to different people I thought I'd let you know my change of plan.

I was offered 2 unconditional places at Canterbury Christ Church University for a Social Work Degree and a Psychology and Early Childhood Studies Degree. I firmly accepted the Social work course.

But, due to circumstances being beyong our control, Leon is no longer at Uni and will instead complete a registered managers award, and work full time. I have decided to carry on working and askign for more hours and am thinking about doing a 4 hour per week counselling course at College just to keep me in education.

The new plan is: We are buying our own home.

As some of you know, I'm extremely unhappy living with Leons family so we have spoken to a few people that have agreed that its the best thing to do and worked out a way we can afford a home of our own. I inherited a good sum of money from my grandparents, so thats a deposit sorted, and we will work full time. Leons brother has cancelled his wedding in order to buy a larger house, so we now have the opportunity to buy his lovely house... not sure if that will happen yet but its an idea.

I will go to university in a few years time when we are settled and Leon is earning enough to support us both. The social work course if full of older students anyway so I won't be on my own, some don't even start until their 30's, 40's or 50's.

Anyway, I think I'll be happier this way.

[tikay]

Well, whatever you do, remember that being happy is the most important thing.In fact, it's the only thing.

[Graham C]

Buying a house is not only a great move for you and Leon personally but financially too.  Usual financial rumblings to you about making sure you can make the mortgage payments easily enough - life wont be much fun if you are struggling each month. 

Do try and get that college course in the next few years though.  One of my biggest regrets is that I never went to uni. It wouldn't benefit me financially now if I were to go but even so it's still something I'm pretty sad that I missed out on. I do plan to do an OU course one day but I'm way too busy to commit at the moment, so don't leave it too long as life will pass you by.

Good luck and as Tikay says, make sure you are happy

[Indestructable]

Poppet,
Sorry if I am going to be a bit practical on this but my bank manager in me can't stop myself!
Please make sure that there is an agreement up front as to what would happen if it didn't work out between you in the future. I.E. are you putting up all the deposit, who is contributing the greater share of the mortgage each month etc. I have dealt with loads of cases over the years which just end up in arguments between partners. Particularly if one person moves out and they don't realise that they may not be able to get their name off the mortgage.
I just helped a friend recently where she had fallen out with her boyfriend and moved out. His income is insufficient to have the mortgage in his own name, he also has no money to pay out her share. As long as he pays the mortgage she is stuck in this situation.
Hope I haven't bored you with this and not very romantic I know, but at least i have got it out of my system.
As for your decision, good luck with it, having made this decision just go for it and stick to your plan. Good luck.

[madasahatstand]

good luck poppet. i hope you and leon are very happy. ignore the bank manager. he's trying to scare you....lol i hope he is anyway.
id echo silo and say get to uni asap and work hard part time as soon as you can. its difficult getting back into study and the earlier you do it the better off you will be sonner rather than later

all the best

mad

[Sark79]

Good luck Poppet. I am sure you have made the right decision.  You are still young, Uni will always be there.  Even if you decide not to go in the future. It isn't the end of the world.  Since I went to Uni, I have realised that I am not suited to it and am constantly looking for alternatives.  Good luck with the house

[byronkincaid]

I will go to university in a few years time when we are settled and Leon is earning enough to support us both

Just thinking out loud, I kind of think we're at the top of the biggest property bubble this country has ever seen, what goes up must come down etc etc, many people say it is cheaper to rent than it is to buy these days. Other people say you must get on the property ladder asap blah blah blah but they probably weren't stuck in houses they couldn't sell due to negative equity when the prices last crashed in 1990.

I have no idea what sort of job Leon has got/will get in the future but how many households only have one person out working? Hardly any anymore. Why? Because house prices are so expensive He will need to be earning a lot of money to pay mortgage and all bills etc. Have you done the maths to see how much you'll be spending each month? I don't obv know your situation you may have a huge deposit a tiny mortgae a £100 K job for Leon and house prices may carry on going up. Whadda I know. I just think it would be a shame to miss out on Uni if you find you have to keep working to earn money to keep the house. Plus I'm sure that the younger you are the more you enjoy Uni. I'm a wet blanket I know

Good luck whatever you decide to do.

[Heid]

Yo poppet, my words of advice:

If you are putting up the bulk of the money....make sure you are the one with your name on the mortgage. You can share when richer and poorer etc when you are married, before then .... look out for yourself.

[redimp]

 

[madasahatstand]

ditto