Guidance for property hunters, from costs, weighing up locations and pondering an extra survey
- First-time buyers’ guide: how to get a foot on the ladder
- How to get the property you want: expert tips
The rates on two- and five-year fixed-rate mortgages are close – at Royal Bank of Scotland, for example, you can fix for two years at 3.18% and for five at 3.4%, which on a £160,000 mortgage means a difference of about £20 a month. If keeping your monthly costs down is your prime concern, the short-term deal will suit you better.
