Quote:
Originally Posted by DemolitionRed
I certainly wouldn't buy atm. Five years from now is a good plan.
I'd advise anyone who's not on a fixed rate mortgage for the next five years to get on one asap because if the economy crashes, the interest rates will rocket and there's going to be loads of default.
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There's also this... Friends of ours have just bought a detached 4 bed house with "land", moving up from a 2 bed property (that was fully paid off). But they have stretched their repayment budget to the absolute maximum and also wiped out their savings. With things as precarious as they are, it seems like a massive risk.
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