Originally Posted by lsab

Although not in an indentical situation, I am in a situation!!

We've been living abroad for the last 5 years. Our son is 15 and the thought of university fees start to loom. If we're out of the UK for 3 years prior to him starting he'll be classed as an overseas student with fees of up to £18k a year

We think the time has come for us to buy in the UK but we can't afford much and we have to live in a specific place in S.Wales. I'm thinking of either putting down deposits on a few small properties up north and using the rents to cover mortgage (obviously) and then renting a house for own use in Wales or buying in Wales though we could only afford around £25k for deposit and would have to get an interest only mortgage. Whatever we buy would be with one eye on investment as my husband is only 7 years off retirement and we would probably then move to Egypt.

We have a studio appartment worth about £57k in Dubai and we're also buying an appartment in Egypt.

Any comments or advise would be extremely welcome.

Thanks
Linda