Hi, just to add my 2 cents and as an regular property investor. 2 Years ago I i bought a few flats and applied for a commercial mortgage through my IFA. There were exactly 256 products I could choose from, meaning 256 diffferent offers from the various lenders. So lovely jubbly job done.
Last month, went back to the same IFA for another property venture in North of England. When he bought up the list of lenders that I could select from there were only 46! So there you go, Credit Crunch at it's finest.
If prices are coming down then great opportunity for a LONG TERM punt.