Rent or try to buy?

[hoopycutie88]

Me and my boyfriend would like to hopefully move in together soon. Whats the best plan? rent until the banks settle down?

[hoopymo]

Definitely rent, the financial situation is in the shit and best going for the safest option till its over.

[Celtic_Lass]

Well there's no way you can get a mortage out of Bradford & Bingley now anyway

[celtboy]

well if you have the money, now is the time to buy!! if not push a hard bargain on the rent!!

[-Marie-]

I agree with hoopmo, the market is so unstable at the moment.

[SwoopingVulture]

Defo rent at the moment. You don't know how much more the house prices are going to drop and it's better to wait and wait, you could save a packet instead of losing one.

[Fancy Pants]

You,ll need a substantial deposit before you even consider buying .if you have that i don,t see why not to buy

[celticrsmith]

as no-ones buying and everyones renting, then watch the prices being asked as rent will go through the roof. id rather pump my £xxx p/m into a mortgage than throwing it away monthly and lining the landlords pockets.

if youve got savings/a deposit then youre in a good position as its a buyers market and you could potentially get somewhere decent as everyones trying to sell. but imo, just stay at home until the banks get their own act together - oh, and save, save, save!!

[Hammer]

As Fancy Pants has said, if you have a substantial deposit and a decent mortgage advisor then there's still no reason not to buy and own your own property.

House prices, interest rates etc etc etc are all things that no one can steadfastly say will go up or down.

[WEEMAN7]

I bought my house about 3yrs ago. Best thing i done, dont know how difficult it is now to get a mortgage at the min but u can only try, if u cant get one just rent, but buy as soon as u can because renting too long is just dead money!

[Celticsoul]

Wait until well into next year before buying. House prices have a bit of a way to come down yet

[andi]

Originally Posted by hoopycutie88

Me and my boyfriend would like to hopefully move in together soon. Whats the best plan? rent until the banks settle down?

how long you are together? i 100% would rent a flat because what would happen to a flat when it´s over?

[craigyjac]

buy mine hcutie, so i dont lose out on the one i have put a deposit down on

[choco2908]

Anyone who is in the position to buy their council property via the right to buy scheme is laughing, They dont need a deposit and because their property will be valued at more than required mortgage they can also in most cases get extra on top.

[McNaka]

Originally Posted by hoopycutie88

Me and my boyfriend would like to hopefully move in together soon. Whats the best plan? rent until the banks settle down?

Not even looking at the financial situation... rent first. I would not buy a house with somebody I never lived with before.