Yea it sounds like the hydralic lifters to me, they tend to rattle when they get old. Mine were about £4 each, but i get them in sets of 8, there are 16 on yours, so you need two sets.
Its not a particularly nasty job, cambelt needs to come off, so stick a new one on with it, and a tenssioner, madness not to unless you know its brand new!
