[jedimaster]

firstly house prices down south are so high that we had no choice but to move up here to get on the property ladder
secondly when we bought this house 2 years ago (just under £53.000) there were two of us working however shortly afterwards my wife became ill and was unable to work making things very difficult-we had to borrow left right and centre just to stay afloat. Even though my wife has now gone back to work we are only just managing to stay afloat so the increase in interest rates will make things more difficult for us

so yes i do have sympathy for those who are going to struggle

i also believe that it is an overreaction from the bank of england due to christmas and increased house prices i can easily see a market crash on the way again!