[Koolkat]

I have got hold of an M-Audio Fast Track USB for a good price, so to get me up and running I need a cheapish mic (sub £40) Two that seem to get good ratings are the Shure SV100 dynamic and the Behringer C1 Condenser mic.  I know I need to spend more to get professional results, but at the moment I don’t need that. Given that the Fast Track has a phantom supply for condenser mics, is the Behringer a good choice?

[seriousfun]

Behringer gear is normally a good choice between quality and price. I have quite a bit of their stuff and have found it very good. I dont have the mic you speak of but I have heard good reports. I use their pencil mics for my acoustic guitar and am reasonably happy with them. For the price you will be hard pushed to find better.

[Ramshackles]

Any chance of you upgrading that budget a bit? Sit back, wait a bit, save a bit...

For that kind of price, you may be able to pick up a used SM58, SM57 or an MXL model (MXL 990) or even perhaps a rode nt1a or an audio technica at2020
all those would be a comparable or better than a behringer c1