Herd behaviour, being determined by outside influence, has been well documented with examples of stock market bubbles and crashes, street demonstrations, episodes of mob violence and even everyday judgment and opinion forming.

When house prices shot-up because lots of people started “trading up the market”, an almost irresistable urge to join-in or miss-out was felt. However, when the market crashed, the urge was to sell or stop buying.

As we`re all aware, Interest Rates are currently low, and whilst we`re not suggesting a mob-rule as active response, opportunists might want to investigate further –  Look around for the real savings away from the crowds….

Although a finance rate of around 3% might be appealing, dependant upon additional fees or tie-ins, a mortgage of, for example, 4.5%, might be the better option.