on 28 September 2008
While this book does contain some useful information, much of it is simplified and superficial, and the book contains very little information you couldn't find on the internet. I am disappointed in the overall contents, for 2 reasons:
1) Some of the information is simplified, to the point of being inaccurate. For instance, early on, the book makes reference to "checking your credit score from one of the agencies", which is incorrect - there is no such thing as a credit rating or score, only a file, and each credit agency holds a different file, so you should check ALL the agencies' files on you, not just one. This is a really important distinction, and makes me worry that other information has been over-simplified or is inaccurate. On occasion, the author just skips sections altogether (eg. ISA mortgages), on the basis that they are too complicated to explain. The book barely mentioned brokers, and the work they do, despite the fact that they're instrumental in finding the best mortgage.
2) Much of the advice is a statement of the obvious. The reader is told that one should make sure one is "mature" before buying a house - several pages are dedicated to churning out the same obvious advice. Some of the check-lists are also pretty uninspired.
Overall, I feel like I've learnt very little from reading this, than I didn't already know.
This book might be useful for those who know absolutely nothing about house-buying or mortgages. For anyone else, it sounds over-simplistic, and sometimes borders on the bleedin' obvious. There are some useful comments, but I'm not sure they're worth the cost of the book.