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Is now a good or bad time to buy a first home?

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  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    That gives you growing room and a shut off work from home.
    Plan to move or lose the office when the kids grow up a bit. 
    You also want garden off road parking 2 cars not tandem access to the back for things like bikes and the kids friends... 
  • That gives you growing room and a shut off work from home.
    Plan to move or lose the office when the kids grow up a bit. 
    You also want garden off road parking 2 cars not tandem access to the back for things like bikes and the kids friends... 
    Yes, there's scope for a loft conversion and/or a good sized conservatory in the future so we shouldn't be short of space, there's also room for 2-3 cars and a separate detached garage so plenty of storage
  • bell
    bell Posts: 376 Forumite
    Part of the Furniture 100 Posts
    With regards to timing the market.

    I bought my last house at the exact moment the credit crunch began to emerge and fixed at 6.25% 🙈 and I'm about to buy again during a pandemic.

    Probably never a good time, but at least the BOE rate is low now so you can, if you wish, fix at an historically low rate for quite some time.

    Quite what the future actually brings though is anyone's guess. 
    Total Value of wins in 2009: £900 appox. 2010: £730
    Wins 2011: Carlisle Utd Tickets (twice!), Baby Food Hamper, Straighteners, Chugginton Toy
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