Best mortgage??

[KAZ]

What is the best type of mortgage to go for these days?? (First time buyer)

Thanks.

[legend1751]

depends on so many factors u really need to go and see a mortgage advisor try your bank first but an independent is best as they can source deals and get you more from the lenders. fixed are very popular at the moment as it lets you know what your payments are for the next 2,3,5,7 years but its not allways best.

[sammd]

I'm a first time buyer and i'm going for a fixed mortgage (2 years) coz i want to know how much i'm going to be paying each month. It depends if you have enough money to deal with fluctuations in interest rates whether you want to go for a variable mortgage. Halifax have a great deal on for first time buyers at the mo...4.39% i think. I recommend getting a repayment mortgage rather than just paying the interest too.

[jason1980]

my opinion would be that a fixed mortgage is best. This way you always know what your payments are and how to work your finances around them