We are now, thankfully only a few days away from a much needed end of term holiday. Spring is beginning to arrive and we have seen glimpses of the summer sun and spent the odd sunny few hours in just t-shirts and sunglasses. We have all had the flu and it is still stubbenly refusing to leave us completely meaning that he girls are still slightly snuffly and pale looking when I pick them up from school.
However we have had one very good piece of news this term. We have finally had an offer on our house in the UK. Like many expats when we moved to NZ over four years ago we rented out our UK house. And like many people who bought when we did, our rent failed to cover our mortgage. So over the past few years we have had to send money back to the UK to cover the shortfall on our mortgage. As well as paying rent over here!
So six months ago when be brought our house in NZ, we very bravely decided to kick out our UK tennants and put the house on the market. We have then had months of worry whilst paying two mortgages. Well finally we have had an offer and accepted it! Yippee! Lets hope it all goes smoothly from now on.
I have spoken to many expats who have been in similar positions to us. I do not know what the best solution is. Some have been renting out their property for years and an unlucky few have had theirs on the market for years. With the recent change in mortgage rules over here it is very handy to be able to sell your UK property and come over with a decent deposit otherwise you will have trouble (as some of our friends have) even getting on the property ladder here at all.
I am just grateful that we secured our home when we did. It is so great to be in a house we own and can alter to our own somewhat individual taste. Hence the latest addition to our household. This is Bob the elephant.