Newbie - The Plan
 

Hello Everyone.
The Wife and I are planning to sell our UK property and move to Spain in Oct/Nov this year.
We are looking to rent for six months whilst searching for a suitable and affordable re-sale in the Oliva/Pego area (having a weeks holiday in Denia in May to look at this area and others)
Hopefully, we will be able to survive and make ends meet on our modest Company Pensions/Savings and possibly, if necessary, find part-time income when we have learnt more Spanish. Our Daughter will be joining us in 2008 which means we will have no Family in the UK.
Although I have browsed this and other Forums for a some time, I still have many concerns and anxieties (eg. should we delay the move till we are closer to Retirement age (I am 56 and the Wife is 53), should we have more financial security, will we find the right property - the list goes on !! :unsure:
Any advice and guidance from members of the Forum will be most appreciated.

Many thanks

Re: Newbie - The Plan
 

Hi,
I cant give you any advice as my own experience out there did not go to plan, however i would like to welcome you and good luck xxxxx

Re: Newbie - The Plan
 

HI and welcome

Do not delay retirement as you never know what the future holds ? While your fit and active is the time to enjoy life not keep watching the pennies so as your kids benefit..
Your decision to rent first is sensible,likewise a good resale is sensible ..

Any questions you have will be speedily answered by the team here ,who have a wealth of information at your request ..

:)

Re: Newbie - The Plan
 

It is to close to the holiday season to rent,for the time you want to relocate,rent in september if you want to do it for six months,experience the Spanish winter,your blood will thin,this is the best time to buy,between,Sept&March,do your homework,need to know this is really what you want,try to learn the language,not easy if not there on a day to day basis,good luck.

Re: Newbie - The Plan
 

Thanks for the replies so far Miss Naughty, Big Pete and to Douglas Jack ( D.J.the intention is to rent Oct/Mar, for the reasons you state)

Re: Newbie - The Plan
 

Just out of curiosity why you moving from Uk and why Spain ?

Re: Newbie - The Plan
 

We're in the same sort of age bracket as you and it was the right decision for us. You can live here for a lot less than the UK, thereby making it easier to retire early. I also live in the area you are looking at, so if you need any local info don't hesitate to ask.

Re: Newbie - The Plan
 

Big Pete, several reasons for the move, one being something of a compromise between ourselves and our Daughter (unmarried) - we can't afford to move closer to her in "that London" and she can't afford to move out (Catch 22) Therefore the compromise is to move to Spain where we hope to resume our family life. Another reason is that I consider our Country to be totally b*llocked and sliding rapidly down the pan. Spain ? - if its good enough for The Beckhams its good enough for us !!

Re: Newbie - The Plan
 

:) Thats true ...

I see Mitz has spotted you , you will be in good hands there ask Mitz and you wont go wrong hes one of the sensible ones ..
So good luck turtlez ..

Re: Newbie - The Plan
 

Not sure if thats something to be proud of :huh:

Re: Newbie - The Plan
 

That was a compliment Mitz :thumbup:
And you should be honoured :rofl:

Re: Newbie - The Plan
 

Very good idea to rent first - lots of people dont (me included) and in hindsight wished I had

have look here for rental places and PM me if you would be interested in renting a little further away from Oliva/Pego - 10 mins from Gandia and I will give you the details of a place I know of

you will need to make sure you have adequate health cover - do a search as there have been many lengthy discussion about it in the past

Re: Newbie - The Plan
 

Private health care for your age group will be about 100 euros a month with, for instance, Sanitas.

Re: Newbie - The Plan
 

I dont no the area that you want to move to but,Mitzy boy is there,he can guide you sounds genuine,allways rent out of holiday season ,better going when the weather is crap,then you no what to expect ,weather wise the sun dont shine all the time,six months is a good start base,visit as much as you can after you find what you think you want ,good posters here to help,some downers, homework is very very important,good luck people are here to help.

Re: Newbie - The Plan
 

Here's what we did. Being only slightly younger than your good selves, and having paid off our mortgage. We took financial advice and re- mortgaged our UK house on an interest only basis and used the cash raised to buy our Spanish property.
Therefore no "bridges" were burnt.
We have until 2016 before we have to re-pay the re-mortgage amount.
By this time we should have decided whether we wish to stay in Spain, or return to the UK.
In the meantime both properties should hopefully have increased in value, and it will just be a case of deciding which one to sell. :)

Re: Newbie - The Plan
 

Hi Turtlez

Welcome and I hope peeps here can help you, OH and I are in your age brackettish, we both took early retirement OH has another 4 year and I 9 until we get state pensions so we live on our private pensions and a little bit from investments. We have a very comfortable life style for about 1000 euros a month, yes it can be tight some months but then we just cut our coat to fit the cloth, We could never have been able to have taken early retirement if we stayed in th UK, or course it has helped that we were able to buy our house cash as we sold up in England as we thought we would never think of this as home if we still had a house there.

Wish you every success in your search keep us informed.

crispy

Re: Newbie - The Plan
 

Sounds ideal but I think we would struggle with the Mortgage repayments and I don't fancy trying to rent my UK property.

Re: Newbie - The Plan
 

Just an update - to avoid having to go to the expense of paying for a Home Sellers Pack we put our house up for sale 2 weeks ago, amazingly, after two viewings, we received an offer of the full asking price !:D Obviously, we accepted the offer and now find ourselves having to bring forward our Spanish Move (hooray!) :thumbsup:

Will keep you posted

Re: Newbie - The Plan
 

Fantastic news.

Good Luck

Rosemary

Re: Newbie - The Plan
 

Good news but i have been there and its not done til its done , i have had 2 sales first one pulled out this one now cant sell theres :( and its driving me mad stuck in limbo land as we say..

Hope you have less hassles anyways , and good luck :thumbup:

Re: Newbie - The Plan
 

Great news, lets hope there is no hitch's and it all goes to plan.