I have had a few comments and emails from email asking about which mortgage would be best for a first time buyer so I decided to dedicate a post to it :) Since this is likely to be the first property you have ever had to borrow money for, your choice of mortgage is absolutely crucial and you’re no doubt nervous about picking the one which best suits your needs.
You have no doubt come across all these confusing terms like apr, fixed rate, tracker, capped and so on.. seems scary doesn’t it! One of the best things to come out of the internet is comparison services which let you compare mortgages online, completely free at that. These things literally take all the hassle and stress out of choosing the right one and let you make an informed decision based on your requirements.
You could spend forever looking around yourself and then end up choosing one of the more expensive deals out there, what’s the point when you can put in your circumstances and then have a nicely presented table put in front of you outlining which ones are going to work out cheapest and overall best meet your needs.