First time buyers saved.

getmore4less

New lending criteria save FTB making expensive mistakes.

see this thread,
http://forums.moneysavingexpert.com/showthread.html?t=1228541

Untill buying is cheaper than renting FTB should not even consider buying.
Nor should they have been for the last few years.

Speaking to some people last night paying just under £1k renting a 3bed place, reason it is rented is because the owner could not sell at £260k madness, place is worth max £190k based on rental income and for a pro landlord more like £120k.

Eventual market values will be between the two probanly £150k-£160k because people like owning

If you want some rough value on a place

Look at the monthy rental that a place can get, times 120 is the pro landlord value(10% gross yield) times 200 is the absoute max the place is worth(based on 6% mortgage rate 0.5%pm).