Mortgages

I don't know, it's a flippin' odd time to be thinking about buying a house. No one wants to keep lining the pockets of the landlord, especially when they keep doing inspections every month (don't get me started). But is it the right time to buy. In the news I read that almost two thirds of homeowners would find it difficult to chose a new mortgage if they were forced to make the decision tomorrow. What are you meant to do? You've got pick one, but it's all confusing. Nici Audhlam-Gardiner, head of Abbey Mortgages, said: "Depending on who you talk to there are different outlooks for the UK economy and for Bank of England base rates. While most economists agree they will go down, there is debate about how much they will fall and when." If the experts don't know, how are we meant to have a clue? She added that the uncertainty is leaving homeowners with "a bit of a dilemma on their hands" concerning the best mortgage to go for. Yeah, and if you get it wrong you can lose a lot of money. So the next time you pass someone in the street and they ask for some spare change, cheer them up and tell them just how lucky they are to be out of this property stuff.