There are so many possibilities in the loans and mortgage market it makes it very difficult for an ordinary person to have any idea what the best mortgage would be but you can be sure that there is no such thing as the best mortgage for everyone because we are all wanting something different.
One home buyer might want a cheap repayment mortgage to buy their first home while another person wants to remortgageÂ and would rather repay the mortgage as fast as possible.
It all depends on your circumstances, your financial situation and your prospects for the future. Personal circumstances can change quite suddenly and what seems to be a manageable debt today could be a frightening monthly repayment a few years down the road if you were to lose your job or get divorced or any one of a number of things that life can throw in your face to spoil the party.
Life can be difficult to predict but you should contact a qualified financial advisor who can help guide you through the possibilities and help you find the best mortgage for you with the information you give them about your personal financial situation now and what you believe is likely to happen over the coming years.
Nobody can predict the future of finance, interest rates, house prices or jobs and salaries but the experience of helping many people in similar situations should enable a financial advisor to give you some guidance on what is best for you and your future mortgage plans.