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I need advice on downsizing my house and if I should immediately downsize my salary.
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Hi all

I’m looking to gain some opinion on downsizing a house to reduce my mortgage and the reliance on a corporate, stressful job.

I’ve got a 255k house that I can downsize to a 230k house. By investing savings I can be left with a 10k mortgage on the new house.

Has anyone any experience in this? I’m now considering if I should keep my current role which has an 80k salary or pursue a more creative role that would bring more satisfaction but probably minimum wage.

In reality will I still need more monthly money than I imagine to survive? Is it wise to stick a few more years and maybe save £20k as a buffer?

Age is mid 30s.

Any opinions welcome. Will take no offence! Thank you in advance

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5 months ago