to rent or buy

[JOY BELLS]

my husband is 71 and i am 53. we are looking to move and wondered if it would be sensible to rent a property and live off the interest from the sale of our house(around 130 thousand) thanks for any help

[Ethel]

This very much depends on your other income - interest is subject to income tax.

You have to also consider that rent goes up annually - and you could quite easily be paying rent for the next 30 or 40 years.

If you can afford to buy another house without a huge mortgage - or no mortgage - I would probably say 'buy'.