To buy or not to buy?

Hi all,

My wife and I have identified a house we would like to buy. We are FTB's. We are in the process of getting mortgage approval and were happy with the property price. However, the uncertainty with the Greek situation and it's possible contagion effect on Spain, Italy and ourselves and the Euro as a currency has stopped us in our tracks.

Having (luckily) avoided getting caught up in buying during the peak of the bubble and being able to rent and save since then, my fear would be if we were to buy now and then for a euro split to happen (in any of the possible ways listed in various threads) and that our mortgage would stay in the stronger euro vs the punt nua or whatever.

I was wondering how you all see the next few years panning out, and if you would buy or not?? We are lucky enough to both have good jobs and have savings so bank has said mortgage won't be an issue.

And incidentally, we were in two banks and they were saying they are much busier in terms of mortgage applications. Bank talk I know but if it is true, is everyone else not as overly concerned as I am?

Thanks for any input you provide.

Irishbuck said:

Hi all,

And incidentally, we were in two banks and they were saying they are much busier in terms of mortgage applications. Bank talk I know but if it is true, is everyone else not as overly concerned as I am?

Thanks for any input you provide.

Click to expand...

I'm of no help to your main question, but based on recent posts here, and this is only my opinion, there is an increase in mortgage applications.

I wonder if mortgages brokers who post here would agree?

We don't allow speculation about house prices on askaboutmoney.

The euro bit is discussed in this thread.

Brendan