Yes its certainly not the ideal way of buying a house. But we pay 1200 pcm rent at the moment or could be paying around that all in with charges/rent/mortgage 1 mile down the road and at least be acquiring some level of equity rather than paying someone else's mortgage. Am i being naive or does that not make more monetary sense?
How far down the road would you need to move to buy outright?
I think that is the question you need to ask, if you can avoid SO then do so.
If not bite the bullet and buy in.
Yes its certainly not the ideal way of buying a house. But we pay 1200 pcm rent at the moment or could be paying around that all in with charges/rent/mortgage 1 mile down the road and at least be acquiring some level of equity rather than paying someone else's mortgage. Am i being naive or does that not make more monetary sense?