Does this sound like a good plan?

[Llareggub]

To cut a (very) long story short, I have accepted an offer to sell the house that I own jointly with my ex-husband and I plan to move to a cheaper area some distance away.

For various, very tedious credit related reasons, I plan to rent for around 2 years to allow me to build a credit rating away from the disaster my ex left me with. It will also give me the chance to save a considerable sum of money to add to the equity from the house, which in turn means I can buy with a small mortgage.

I sway from thinking that this is a good plan to thinking that I am making a mistake, as it will be the first time in years that I won't be a homeowner. I also figure that renting will be a little easier to manage as it means I don't have a chain.

[RCheshire]

For most of the country house prices are falling, and with no signs of that changing anytime soon. So I wouldn't worry about dropping off 'the ladder' and seeing house prices run out of reach (i.e. what would have happened if you'd done this in ~2001.)

[tricot39]

It sounds like a reasonable plan to me but i understand your reservations.what are your other options?

[lalalonglegs]

I'd find a house you really like and make a 2-year contract a condition of taking it so that you have some security of tenure while you wait to buy. Many LLs will be happy to do this for a good tenant - will your credit report make it difficult for you to rent though?

[Llareggub]

I'm hopeful that this can be overcome by the security of the bank of dad. I'm not always this flippant, but an alcoholic exh has pretty much destroyed all my financial security. It's that bad!