Thought this might be of use to some of you,there is loads of calculators including a real calculation of your mortgage if the intrest rate goes up...Mortgages and homes is the third block down & its quite worrying if you have a mortgage..
Sinbads i was looking to buy a house via mortgage BUT i am simply to worried about negative equity & the state of the market has made me decide that REGARDLESS of what the goverment says about "weathering the storm" its not them left with negative equity so i'll simply wait a couple of years...its simply all to Fragile PERIOD..!!
I'm in the fortunate position to have aquired a property so i have no morgage. I'm sure your wise enough not to take any notice of what the goverment says, owning a house is great; but the ball and chain seeems to be getting bigger these days, your wise to wait.