How long should I borrow for?

Depending on your ability to repay the mortgage and your age, you can get a mortgage for 5 up to 40 years. The shorter period you take to pay off your mortgage the less it will cost you.

Obviously your montlhy repayments will be higher but you will save money paying less interest over the period of the mortgage. You may need to get a longer mortgage term than you would expect initially as you have to cover monthly repayments as well as the other costs related to your first home purchase.