Strong Subject this one in the current economic meltdown, if you feel you want, need, hundreds of thousands of pounds worth of debt which will take most of your life to pay of then its probally not the best time to buy, better waiting on the market to start to recover and pounce just before it is on the up, could be 2 years or more away yet, and in the short term be prepared to lose thousands of pounds on property.
Tracker could be the way to go if theres a bit of the gambler in you with the interest rate being so low at the moment, however be prepared for it to rise and rise it will one day. Personally I hate morgages and morgage companys and the goverment for endorsing them, own your own home they say, b******s you dont own it till its paid, miss 3 payments and they are clawing to repo and sell it from under your nose, although it has been extended to 6 now during the turndown.
When I worked as a manager, an old buisness man told me, "when your doing your interviews for staff Paddy, employe the ones with morgages" This still rings in my ears today and I dont like how society has a noose round peoples necks,
Right any one want to talk about the Unabomber lol