Avoiding the credit crunch
With the current property climate you still have choices…Avoiding the credit crunch can be as simple as considering a few options:
Consider an interest only mortgage, if you buy in the right area your property will gain value every year.
Move further afield, more and more people are commuting further to get on the property ladder.
Consider joint ownership with parents, friends or a partner etc
Get Government help, the LIFT scheme offers first time buyers assistance to get on the property ladder.
Invest your deposit and wait for better conditions. There are non-risk investments where you could appreciate your thousands better than property.
Take a longer mortgage, for 25 years plus. That does not mean you have to be locked in for longer or stay in one place for that duration.