Why this couple swapped a rental in Twickenham for a five bedroom townhouse on the Isle of Man
Getting out of London was always on the agenda for Emily and Joshua Phillips, they just didn’t expect it to happen while they were still in their 20s. Nevertheless, earlier this year, the couple packed their bags and said goodbye to London.
They now live on the Isle of Man, the windswept beauty lying in the Irish Sea between the North West and Northern Ireland.
The couple had rented a two-bedroom house in Twickenham, priced at £ 1,695. They were keen to move up the property ladder, but their budget would only extend to a very, very small house in London. On the Isle of Man, they are in the process of buying a five-bedroom Edwardian townhouse in the capital, Douglas, for less than £ 600,000.
Emily and Joshua both have family on the island, which made the move less of a leap in the dark – Emily was born and raised there, while Joshua’s parents moved there as a teenager. .
“We always intended to back down eventually,” said Emily, 26. 20s. “
Once the decision was made, they both started looking for a job. Joshua, 28, quickly found a role as a project manager for the Isle of Man government while Emily, an accountant, also found a new job with surprising ease.
To help them with the paperwork involved in the move, they brought in relocation specialists Locate the Isle of Man (Locate.im). Their first two weeks on the island were spent in isolation. They are now living in a rented apartment pending the sale of their house and they hope to be there by mid-summer.
“We originally wanted to live in the countryside, but then we realized that the Isle of Man is really so small that you are only five minutes from the countryside,” Emily said. “Where we are is within walking distance of the office, bars and restaurants, but within 10 minutes you are in the mountains or by the sea. That meant we didn’t have to give up convenience. “
The low tax rate in the Isle of Man alleviates the situation: the maximum rate of income tax is 20 per cent. His government, keen to attract newcomers, is also offering incentives such as national insurance discounts to movers. A side effect of this is that the island is home to many international companies which means Emily and Joshua can continue to develop their careers.
In their free time there is plenty to do, from walking and cycling to golfing to the island’s nightlife. When the trip returns to normal, they can make it to London in less than an hour to meet up with friends.