Will You Be Better Off With a Variable Or Fixed Rate Mortgage

Over the last few months it has been tricky to ascertain what is best for those looking for home loans. The bank rate has been at the record low of only half a per cent since May last year. Many people have gone for fixed rate loan deals so they can lock in now for two, three, five or some have gone for ten years so they have that peace of mind of knowing that their monthly repayments will be the same each and every month.