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We are about to complete and went on a 2 year rather than 5 year for exactly the reason of eventually moving to Ireland, the main reason we’re in London is she’s in a great position with work.
Keep the Camberwell place and rent in Ireland? My partners parents moved back from the US last year to Galway, it took them better part of a year to find a suitable house, and they were well positioned with cash from selling their house - they got their place by being local. So, my guess is that even without the blockers you have, with the shortage of supply over there you might have a hard time finding what you want anyway?
You’re right it’s a different kettle of fish to over here where Brexit is pushing prices down. I can only imagine full brexit is going to screw Dublin and the suburbs even more with supply moving to address to the higher end for misplaced finance people.
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With Dublin now more expensive than London
Really? Surely only in some areas? Or do you mean cost of living?
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stelfox
Oliver Schick
@Colm89
My wife and i are currently struggling with the what you can get outside of London question.
I'm from just outside Dublin (30 mins from centre by bike), she grew up on the Atlantic Coast just outside a small town, we own a 1 bed freehold house in Camberwell.
In the past 3 months, I've gone fully home based, and she has been made redundant and setting up her own business. It's a tight squeeze in a 1 bed house, and we don't need to be near a city anymore, so looking at moving back to Ireland. With Dublin now more expensive than London, we'll realistically be moving to countryside, which she loves, but as a city boy I'm struggling with the idea of.
To confuse matters more, we're 2 years into a 5 year fixed term (funny how plans change sooner than you think innit), so we'll be hit with a fine of 3% of total value of the loan to buy ourselves out early. We can't port the loan to Ireland as its a different country, unless we buy in Northern Ireland, which we don't really want to do. We're not in a mad rush to leave, thankfully my salary more than covers the mortgage and bills while mrs. colm89 gets her business up and running, but there's no doubt life would be more comfortable if our outgoings were lower.
Anyway, not asking for advice, just chipping in with my 2p in relation to the outside London statement, and thinking out loud.