Checklist for choosing a mortgage: * Does it guarantee a fixed rate of interest for the first few years?
This can be a help during the early years, because it will guarantee your monthly payment at a time when your finances may be stretched. * Are there any penalties for early redemption?
i.e. paying it all off or changing to another deal with another company.
If there are, it can make it costly to change lender. * Will the loan let you take payment holidays?
For example, if your income fluctuates from one month to the next or things are tight at certain times of the year, you can get what is known as a flexible loan. * Does the mortgage offer you a cashback lump sum when you first take it out?
When you first move it can be hard actually furnishing your new home, so offers like this can really help. * Will you still be able to afford the repayments when any fixed-rate or discounted period is over?
This is very important. Check what the lender's standard variable rate is because it may be significantly higher that the special offer rate. BBC News In Depth: Mortgages and Housing UK mortgage lending rises sharply | 
