UK Credit crunch.

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Currently, the major topic on T.V. here in the UK is all about the “budget” and how much we as people and our government are in debt. I personally am not too worried, as I am not in debt (neither is my partner, apart from some money he owes his mother), though we are considering buying the house that we are currently living in (I am a council tenant and we have the right to buy). All this financial worry that the country is facing is going to make it increasingly hard for us to get a mortgage, but in my view (and understanding of it), the banks are mainly the ones who caused all the debt problems of the people of England in the first place. By offering loans, credit cards and 125% mortgages for the last 5-7 years the banks have put themselves in a position of negative equity through the sheer greed of the thought of all that interest… Even thought I didn’t think the credit crunch would hit my family, it has, purely because I don’t think I will be able to get a mortgage when I want one, and this annoys me as I have not been one of the (millions) people who have spent beyond their means on credit cards or loans. How about you guys here on mylot, is the credit crunch affecting you badly or like me, is it passing you by, but being a hindrance?