Michael Dowling: Benefits of fixing your mortgage for the very long term

My advice for first-time buyers is to take out long-term fixed rates for 20 years or more. 

Michael Dowling, managing director of Dowling Financial writes that his advice for first-time buyers is to take out long-term fixed rates for 20 years or more.

There is something of a revolution going on in the mortgage market in the last two months that will have a significant impact for borrowers searching for long-term value.

I am talking about the long-term fixed rates offered by Avant Money and Finance Ireland, which mean that Irish mortgage holders finally have loan products that satisfy the demand for certainty and flexibility.