Firstly I don't understand the hostility towards your landlord. Trust me when I say this, if he is only making a 70 quid a month profit then your doing alright.
I suspect there is a little bit of jealousy towards his situation and a little bit at anger at yourselves for the situation your in. Again trust me, 70 quid difference is quite low.
My attitude towards our current landlord is to do with reasons which I am not going to detail on this thread.
I had a friend, well a friend and his dad who set up a business together and after a few years it went bust, mostly because of people not paying them or paying on time.
They were both declared bankrupt. The son got a real boring mundane job (a postman) not because the money was great but he knew a credit rebuild was needed. He also had no home as he lost that and had to rent. In his case it took 5 years to rebuild enough for a mortgage and boy they made him jump through hoops when he did apply but he got his mortgage and since then all has been on the up so don't get down, it will turn a corner as long as you can understand that long road.
That's good to know
- I'm not too worried about the "jumping through hoops" bit - We just want to be able to actually be at the stage where it's an option!
Something I've not seen mentioned yet are the buy/rent mortgages/properties
This is where generally they allow you to mortgage half the property and rent the other half in order to help you get on the ladder but reduce the risk to both parties.
Then as the ownership goes on you can increase the percentage of rent to mortgage. This generally isn't the cheapest way of doing it and much research is needed on lenders and what builders run this scheme, sometimes also they are supported through the local authority who may also be a good port of call
I hope you find a way through and the rebuild is as least painful as it can be
Thanks for the advice sylus
I'm aware of the shared ownership mortgages, but another friend of ours is having an absolute nightmare with hers, so it's put us off going down the same route - certainly for the time-being.