I know, I know there is a recession on outside but I have the ladder set up and I want to get on!
Even though the 'R' word has been repeated a few too many times there probably is no better time to buy than 2009! If you, like so many are ready to get the ball rolling you ... are in a strong position to take advantage of the fall in house prices and the continuous drops in ECB interest rates that make great value for money mortgages.
However don't go jumping on that ladder yet! Unfortunately with tighter restrictions on lending policies you would be hard pushed to get a 100% mortgage and it is now almost a necessity to have a 10% deposit. Along with this nice deposit you will also need to factor in all the other costs that will coincide with the purchase of your property e.g. Stamp duty, Solicitor & legal fees, surveys & valuations, building insurance...the list goes on.
So are you ready to buy? In summary, in these credit crunching times, don't buy a house unless you can really afford it & cover all the costs. The secret is to plan ahead and envisage all the costs that can and will occur. If you have wisely saved over the years and built up a nice stash of cash then the property market is your oyster!
