Property Ladder: Mortgage deal warning
Essential news for the first time buyer
People looking for their first home mortgage may be wise to heed the advice of industry experts who have warned against two-year fixed-rate plans.
John Charcol representative Ray Boulger, the firm's senior technical manager, has suggested anybody looking for a mortgage may be better served taking up a five-year fixed-rate package.
Mr Boulger said many lenders promote two-year offerings, but he urged house hunters to resist “eye catching” headline rates.