Owning your own home

Colorado a no then?

This is basically my situation, I would have moved out with our last purchase but we stayed in zone 2 and compromised on space.

I think eventually we will move out, but it will likely be out completely away from London, i dont want to build a commute into my life whatsoever.

Sensible thing to do is rent your flat out then rent somewhere wherever you move to.

Not sure if the new buy-to-let tax rules make this a non-starter though.

However, the other factor is that as soon as you leave (and therefore step off the insane London property escalator) you're buggered if you want to come back again.

Unless you move to: Northern Ireland, The South East or East Angular. From July 14 to July 15 London rose 5.5% and England as a whole on average was 5.6%, so you'd be more than likely better off living out of London than in it:

Northern Ireland 7.4% rise
North East England 0.7% fall
North West England 3.7% rise
Yorkshire and the Humber 4.7% rise
East Midlands 5% rise
West Midlands 4.9% rise
East of England 8.3% rise
London 5.5% rise
South East England 6.7% rise
South West England 4.2% rise
Source: ONS; 12 months to end of July 2015

Londoner in not thinking there is anything going on outside London shocker. ;)

If you were trying to move to Cambridge, as we are, you would not think that. If anything it's more bonkers. Stupid fucking housing market.