Not a chance. If anything, they’re going to break even or more likely lose money on that sale due to the taxes. They need to wait until 2 years after purchase on the dot to sell which is why Kyle is still out there and the house isn’t on the market yet and is still saying ‘coming soon’. They’ll be lucky if they break even.
House prices in Surrey are absolutely huge and they’ll have no/poor credit so a large mortgage won’t be on the cards without a huge deposit. Caroline is probably going to just hope her mum signs the house over to her.
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I hope for their sake (genuinely- I don’t want anyone to struggle) that the tickety tocks keep doing well and Kyle has negotiated a good salary package.
We are a high income household who really shouldn’t have to ‘cut their cloth’ but things have gone absolutely nuts. The lifestyle that we live month to month for was achievable on a 60k household income 20 years ago. Not anymore.
We are better off by a huge whack in a (sunnier) lower tax European country and paying for private healthcare and education.
Three, potentially four kids, in Surrey is no
bleeping joke if you are the income bracket where you don’t even get a bit of childcare support.
(I don’t need a tiny violin btw, I know I am very lucky to cover all my costs and life is
tit and hard for so many in the UK. It ain’t all roses and pub gardens)