Better to have got on the ladder just before this or wait until after?

[NemophilistRebel]

Some family bought houses just weeks before the virus shut things down and are worried they’ve done the right thing

But surly it would be worse for them if they were still renting as they may find it harder to get mortgage approved after should there be any crash even with a house price drop?

In the long term, property as an investment always increases in value.

In the short term, it might increase or it might decrease.

We completed 2 months ago. This is probably a long term (10 years or more) home and we are very relieved to have bought it before this. It's much bigger than our rental flat was and cheaper. Also, I've been furloughed so it might have affected whether we could get the mortgage.

Completed just over a month ago. First time buyers, just over 10% deposit... took a 5 year fixed (had debated a 2, glad we didn't) - no intention of moving until we cant cope with stairs so feeling extremely fortunate timing went as it did. Plan to put spare money in savings for the short term just in case (jobs are fairly secure touch wood) and in a year or so start to overpay.