£105k in 1997 using general inflation calculator is £135k today. Doesn't sound like the £205k is that good value as prices could fall further.
Yes i used the link on the front page of this website to find they bought it in 1997 at 105k. Using HPI inflation for our area (Surrey Heath) the house at current HPI "should" be around 270, house prices have inflated 155% apparently. This is why i thought getting it at 200-205 would represent good value.
Re: tracker: If in a years time you can get a say 2% lifetime tracker, the cost per year of missing out on the 1% BR tracker is £1,800. When IRs go up again in the future there will be 1% BR trackers available again, so say this saving is for 3 years - £5,400.
However if house prices drop by another 25% next year, the same house will be worth £150k - thats a saving of £50k of the purchase price and less risk of NE. And less monthly interest too even with higher IR. Thats why we are waiting!