Things obviously have changed otherwise how would people be able to afford the increased house prices and have begun to move out of choice rather than necessity. Considering FH is still very reasonably priced compared to other parts of london where you get a 1 bed flat for £650,000. Go ahead a be cautious and get out priced of an area that you want to stay in. Yes lending has become easier but restrictions are still there to stop people going over board. If you cant afford it dont buy it.~( but then the bank would most likely not let you anyway). I think better advise would be live within your means and buy what you can when you can because you never know when you will be in the same position again.