Newbie Wanting Some Adventure (1 Viewer)

[vw_1978]

Morning all
Im in search of as much advice and reassurance as I can get .
Im a 37 year old single male, I work full time on afters and get every friday and saturday off, my current situation is not ideal at the minute as Im stopping with relatives after a brake up from my partener, so my choices are.... get a mortgage or do something different, if I get a mortgage my outgoings will be a minimum of £1000 a month, which doesn't leave me that much to live on for the rest of the month as I get paid monthly, I have 35 grand cash which I could use as a deposit for a house OR!! , do I buy a motorhome to live in???, I've done some research and am now looking for advice and reassurance about doing it, I live in Mansfield Nottinghamshire at the Minute and travel everyday to worksop, just past clumber park which cost me 30 quid a week in diesel so I thought if I were to live closer to work I could cut that cost, my biggest concern is the cost of places to stay, clumber park is £107 a week and thats not high season, I know I can wild camp but at the minute as a newbie I think Id want that peace of mind about security for a little while until I get into the swing of things, from clumber I could cycle to work. If I were to do it I would also need to get a licence to drive one. I would be looking to get a large (ish) Mh as I would still want to use it for travelling with the family so Im looking for 4 birth+, I love the swift kon-tiki with the lounge at the end, I'm not keen on the fixed bed at the end, anyway I'll leave it there for now, hopefully you can give me a great long list of all the in and outs of full time motorhome living and all the pros and cons of doing so too. Thanks in advance for you help.

 

[parknride]

If you bought the m\h then pay £500 per month site fees, insurance, upkeep, fuel you would be working to keep a depreciating value item. God forbid, If anything happened to it you would be homeless again.
If you put a deposit on a house you have a home and investment. Yes, I know property can go down in value too but if chosen wisely shouldn't. Then save for a m\h?

 

[Baycott]

As much as I would love the idea of full timing I have to agree with parknride. It make more sense to me to invest in property to give stability then save for a motorhome.
Welcome to the forum by the way

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[vw_1978]

Thanks for the replies guys, not exactly what i wanted to hear but I know your talking sense. the issue is if i were to get a mortgage I'd have no money to be able to afford to anything let alone ever save for a motorhome, I wouldn't plan on stay on sites forever and have just found a campsite nearby for 54 quid a week

 

[f6c]

Welcome aboard

 

[Wildman]

if you intend staying on sites almost permanently why not get an older caravan, then you can save your pennies for a mortgage

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[Just smiffy]

Go with whatever you feel... life's too short for what if's

 

[wizzer59]

Try season tickets on camp sites, will be a lot cheaper, one I want to get on on the south coast costs about £30 a week on a season ticket

 

[Judge Mental]

Thanks for the replies guys, not exactly what i wanted to hear but I know your talking sense. the issue is if i were to get a mortgage I'd have no money to be able to afford to anything let alone ever save for a motorhome, I wouldn't plan on stay on sites forever and have just found a campsite nearby for 54 quid a week

Think laterally.....we camped in tents, traveled light in cars for 20 odd years when last thing we thought about was being lumbered with a big white box. We struggled on the purchase of our first flat, still traveled though! in tents Years later our London home worth bundles...Please Just think

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[Freespirit1]

Thanks for the replies guys, not exactly what i wanted to hear but I know your talking sense. the issue is if i were to get a mortgage I'd have no money to be able to afford to anything let alone ever save for a motorhome, I wouldn't plan on stay on sites forever and have just found a campsite nearby for 54 quid a week

Hi vw - and welcome!

Try finding accommodation locally to your job - a great site for that is spareroom.co.uk - all combinations of shares on there for accommodation at good prices.

 

[deleted-member02]

Buying a property by yourself is going to be incredibly difficult.
My advice, buy the largest property you can afford and get some lodgers to share with you.
You've got a good deposit, use it wisely.
Mortgage should be covered and you should have some money left over to save for a moho.

Think you'd be crazy to go live in a van, you're a young guy, go live with people, houseshare would be good financially and socially ...
I suspect fulltiming by yourself could be quite an insular existence, let alone a bad financial decision...

Just my thoughts, hope it works out for you !

 

[vw_1978]

Thanks again guys 'n' girls, @Freespirit1, thanks but one thing I can't bare to do is pay someone else's mortgage to live in their accomodation. If I were to buy a Mh I would be planning to wildcamp eventually, its just while being a newbie I would want somewhere secure for a couple of months while i get used to it and scope out a few decent location for wildcamping. One thing that may put me off but not entirely is the deprecation, if i purchased a swift kon-tiki at 30 grand, 2nd hand of corse, what would be the depreciation year on year, if i were to do 6000 miles per year.

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[vw_1978]

Thanks @moho , sound advice, had thought about lodgers, I've had mortgages in the past and to be honest its nice not to be tied to one, I guess I admire the freedom that some of you guys have from motorhome living and was hoping for the same thing, i used to do alot of carravanning when i was younger and spent near on two years in a caravan, windsurfing everyday and loved every minute of it.
i hadn't thought of the social aspect of it though, i guess if i were wildcamping it would be quite isolating but if I were on campsites I'd meet different people all the time. I think maybe the excitement of the idea may have clouded my rational thinking, I was hoping to come on hear and for everyone to say " 'YES' do it, its the best way of life, you wont regret a minute of it", but it seems your all very honest and sensible with genuine good advice. I still haven't written the idea off yet but its making me think a lot.