With the housing and mortgages being so rubbish at the moment?

Question

is it better to rent? i have finished uni and will hopefully have a job soon. how hard is it to get a mortgage at the moment? is it better to rent (which i wouldn't normally so as its dead money)

Answer 1

I'd say no.  If you can, move back in with your folks & save like mad!

Answer 2

It is better to rent now until you have got a job in order to get a mortgage. Then it is better to get a mortgage to buy a house for a home of your own. A mortgage is some form of an saving and can be used as a reversed mortgage when one gets older.

Answer 3

Where I live outside Washington DC homes are going cheap....I would buy now before they go back up.

Answer 4

Babe renting is your best bet house prices are artificially high anyway.

Answer 5

Almost no chance of buying yet - if you don't have a job yet -and even then you may only be on what? £25k -forget it - unless you want to pay well over the odds for something your shoes would be squeezed to fit into.

Best bet is renting - private, councils have zilch stock and huge waiting lists. Good luck,

Answer 6

The government is about to introduce a scheme where you can get an interest free loan of up to 30% of the value of your first home. Might be worth renting for a bit and see how it pans out.