Im 26 - about to buy my first house with my fiancee and very confused. Shall i get a 1 bed, manage to save more income and live comfortable or a 2 bed, not save anything important and have a more humble lifestyle? the second bed ... do i need it? help!!

get the 2 bed. selling a 1 bed is a lot harder. More people will be interested in buying your two bed. Plus moving is expensive so get as much space as you can.Not sure what this has to do with Consultancy tho!

Get a 1 bed and live the lifestyle you would have opted for if you bought the 2 bed anyhow.This will allow you to save even more money. Where do I send the invoice ?

Move to scotland, re-train as a road sweeper, and buy a 4 bed detached house overlooking loch ness.

Don't, prices are falling, save up and wait.

I would disagree with anon. Now is actually a very good time to buy if you have a reasonable deposit and so can get a good mortgage rate. The reason? A falling market means that transactions slow v.sharply. However, some people are left on the beach as the tide goes out and yet still really need to sell (divorce, job loss, relocation etc). Therefore they may be willin to accept an offer at significantly below market value. The challenge for you is to take a view on how far prices will fall in your chosen area.