Alex's Story
I bought my place because I knew house prices would always rise in the long term. And as I don't think interest rates will rise much in the short term, tracker deals are certainly the cheapest mortgages around. They're not risky, as it's in no-one's interests for rates to spiral upwards.
Alex's thoughts
Don't get a cheap survey. Pay for the best one you can get. If something's not spotted that's wrong with the property it could cost you tens of thousands.
I had two house sales fall through before I got my home, so I'd be more relaxed about it all in the future. Keep on top of the things you need to do and control, and try not to worry about the things which you can't influence.
I'd also say don't be tempted to borrow more money than you can comfortably afford. Paying a mortgage can be a big financial responsibility, and in a new home you'll want to spend money on other elements as well, like decorating, renovating or furnishing. And also don't have any savings which are earning you less money than your mortgage is costing you. If you can, pay off chunks of the mortgage, however small - it's financial common sense.
