House prices: now better to buy because of lending?

[Catycity]

Sorry it's a DM article, but it is interesting Average house price soars to a record £323,530 as sellers cash in on huge demand during stamp duty holiday

"However, a survey by the Bank of England last week predicted borrowers would soon find it harder to get a mortgage as lenders prepare for a winter jobs crisis."

Suggests, buy now if you can because it's going to get harder with lenders?

Are the selling prices soaring or just asking? My neighbours who are selling are asking for 50k more than last yr but the one neighbour I know who has completed agreed to an offer 60k under asking. When the sale prices filter through some people are going to have overpaid.

I personally wouldn't buy now unless it was a long term move. A few neighbours who are selling haven't been here long (2-3 yrs) & they are asking for 30-40k more than they paid. Once you factor in stamp duty they won't have made anything really.

If you buy now and mortgage gets restricted then what? House prices normally match credit availability so house prices will probably fall if that happens. If you can afford it and it seems right for you do it but don't see this as a last opportunity before you miss the boat as that wont happen.