Living in a hotel or similar

[MustangLady]

I'm considering selling my home, I must now succumb to the fact that I can now longer keep up financially with mortgage and cost of living etc. I've held on as long as possible after coming out of a relationship 3 yrs ago (we had joint ownership of the property and I've since bought him out ovr 2 yrs ago, so wholely mine). I have one wage (not big either) coming into the household. My job is not looking good due to recession which has hit my brothers business big time (he employs me) and he has already warned me it will be likely to last another 6 months to a year if this carries on the way it is. So I've made a very hard decision to put my home up for sale. Once I've sold it I have to look at my options where to live. Either rent privately, live with a relative (not ideal) or buy something smaller/cheaper? I will need somewhere to live between times if I don't find somewhere straight away. Would staying long term in a hotel / premier inn/travelodge be an option? What are the implications of staying long term in hotel (say 3-6 months)? Is this possible or down to the discretion of the hotel manager? Are there any legal implications/requirements as obviously I won't actually be 'registered' anywhere as permanent residence (council tax/banks etc). Has anyone done this before and can you give any advice.. thank you

[mccfluff]

im not really sure re hotels but i would think that is likley to become expensive very quickly. why not have a look for rooms to rent. you may be able to get something fairly cheap which could help you short term till you sort out something more permenant. but if you do go this route i think B&B's are more likely to be able to help you out.

dont forget if you are on a low income then if you rent privately you may be able to get some assistance with the rent

good luck anyway

[jules77]

I dont know about the legalities of living in a hotel for 3 months plus, but would think it is going to prove very expensive. Could you live with a relative/friend temporarily while you find some permanent rented accomodation?

[carolegif]

Some elderly people live in hotels as they are cheaper than a care home! My son lived in one for two months when the house he rented was considered unsafe, and I negotiated a long term price with the hotel.
I have a cousin (now retired) who refuses to buy another house as he says he got fed up with the upkeep. he now rents a small flat as a base and drives around Europe in a camper van, however, he has put his name on the council list for 'when he gets old!'

[Vicasso]

You may also need to consider the cost of putting your furniture, valuables etc. in storage for a number of months, maybe the cost of eating out regularly, laundry and other day to day needs that living in a hotel room will necessitate

[Khandro]

When (and if) the time comes, you could advertise in a local paper briefly explaining your situation. There may well be someone happy to share their place with you for a bit of extra income. Once upon a time, 'Taking in a lodger' was standard practise everywhere.

[ladybirder]

I remember this couple who stayed at a Travel Lodge for 22 years because it was cheaper.

http://www.dailymail....-stayed-22-years.html

[jackthehat]

Many small hotels are glad of the regular income a long-term guest can provide.
Do your research - What you will find included in the price, etc? You may, if you are so inclined, be able to help out around the place and offset some more of the expense, but I would aim for a small, family run hotel rather than try to get a room in one of the 'chain' hotels.

[ummmm]

There was that couple who lived in a travel lodge for 22 years.

[terrywogan]

Wasn't there a couple who lived in a Travel Lodge. No cleaning, no laundry except for personal things, breakfast was included so only lunch and dinner to find - no cooking or washing up..... Bears looking into.

[terrywogan]

http://www.dailymail....-stayed-22-years.html

[Jonathan-Joe]

Another idea to investigate - there are schemes where you sell the equity of your house to a company then rent it back from them.

[jackthehat]

Yellow?

LoL

[smart1]

How lucky are you! So many options. Beg pardon maam - not constructive

[MustangLady]

Thank you for your replies. There is one relative who could be option to move in with (mum), but she has benefits for different things (disability, housing rent & council tax benefits etc) so me moving in with her could affect these and will be hassle having to "put them back in place" after I leave, so this really is a last resort. There is a very small equity in my current home, so this I would either have to live on (use for rent etc) or use as a small deposit for a new home. Oh so much to think about. I also worry if I would be able to get another mortgage (1 person / smallish wage).

[Maydup]

My advice is to hang on to your home if you possibly can.

I know it will be tough, but it is also really tough beiong homeless and almost impossible to get back on to the property ladder. Can you start looking for alternative work now before your current job falls though? In the meantime speak to the mortgage company, take in a lodger, do B&B, get an evening job in a call centre or local supermarket, sell things on ebay etc.

Whatever you decide I hope it works out for the best.

[ladybirder]

My post must be invisible to everyone except me:-(

[tenrec]

That happens all the time Ladybirder, people don't read all the posts before answering!