New home buyers: What is the best mortgage for me?

Conor Power reports the latest mortgage and other home finance advice for first-time home buyers

A lifetime decision: When choosing which type of mortgage is best suited to you, always take professional advice.

The common-or-garden variety of mortgage and the one that the vast majority have is the Annuity Mortgage.

It’s the standard type which involves the lender (bank or mortgage company) advancing a large sum of money to the borrower, allowing them to pay the purchase their home.