I have no idea, but what I do know is that this financial crisis means getting a mortgage/home loan in this market is very hard...no-one wants to lend money because they're worried for their own stability. Plus I'm sure the way it works over here is probably very different to the way it works over there (we probably get more screwed over than you do....ah yes...you can get 30 year mortgages...we do 5 at best....).
In all seriousness, now's a difficult time...
Yeah FF is kinda right, i got my mortgage about 2yrs ago and it was a 30yr mortgage, fixed and interest only for the 1st 3 years, soon ill have to renew my mortgage and i think there will be troubles that come along with it but as long as you don't have no large debts outstanding they should give you a mortgage no worries.
Its weird cos if i still was in the job i was in a couple of weeks ago it would be much harder to get another mortgage, as soon as i go self employed you can literally make up how much you earn, not that this will be the case cos ill be earning 3x the amount i was before i quit my job, why the fuck didn't i quit years ago is what i ask myself.
And then you see Brown on the news sayin we need to borrow more to boost the economy, what a joker.
