Quote:
Originally Posted by Paws
house prices arent bad here (up to 135k for a 3 semi with garden and garage) but find a company that will take on first time buyers.
ho hum.
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If you can, put a huge deposit down when you're buying the house. The mortgage companies love a big fat wedge!
That's the way we got a mortgage - I was working self employed, and we managed to put £40k deposit on the £160k mortgage.
As for the stability of the market, I've lived in this house now for just over two years. We have young kids, and I don't honestly see us moving in the next 20 years. So we can pretty comfortably ride most things out in the housing market.