#3817378, By manuel_garcia Is the UK Housing Market going to collapse?

  • manuel_garcia 30 Sep 2008 17:10:40 4,079 posts
    Seen 3 months ago
    Registered 13 years ago
    So... general question for anyone knowledgeable about such things. I've just gotten back from having a chat with my local HSBC about potentially getting a mortgage in the next few months, and I was quite taken with the 'homestart' proposition of three year interest-only and the ability to overpay and knock some of the capital off during that period without any penalty.

    So... my extremely basic question would be, are they worth looking at in the current climate? And if not, what would you guys/gals suggest as being the best option for someone looking to buy in the next six months? Between Fixed, trackers, all that jazz?

    I'm starting from scratch here and I've not got a clue about such things, despite my rather worthless economics A-level many moons ago :)
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