Me and my husband have a dilema.We currently live in the UK, but in about 3 years we’d like to go to South Africa…Now we don’t know,if we should rent a house and try to save money and from money saved to pay a deposit on a house in SA (with savings of £300p/m each we should have £10.800 at the end of 3yrs) or if we should buy a property here, pay mortgage and in 3 years sell it.

Would we make a profit?The property we would want would be in Birmingham for about £120.000, monthly repayments around £800 + bills…
Property we would rent would be in the region of £550 per month.

What would be a better option? What would get us off the ground?

I appreciate your time reading it and your help!

Repossession