From: "Tumbleweed" 
Newsgroups: uk.finance
Subject: Re: Mortgage extension for second home
Date: Sun, 31 Oct 2004 10:37:40 -0000


"ian"  wrote in message 
news:9fb1ed83.0410310115.4b6b1af6@posting.google.com...
> Thanks very much everyone. Excellent guidance and I feel I do now
> understand :-
>
> It's not unusual to replace/increase my mortgage, but I need to
> consider if I can actually afford it.
>
> I don't think I'll opt out of the market completely simply because
> it's too much worry and effort, and there's too much going on at the
> moment to take that extra level of grief.
>


IME if you ask those who are almost evangelical about there being an 
imminent house price crash coming (or even happening) you'll find very few 
of them have actually sold their houses :-)   ...IIRC this was true of an 
economics professor who had a story about a crash published first page in 
the Times a couple of years ago, lucky he didnt act on his own advice!

-- 
Tumbleweed

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