The longer the better

LONG-term fixed-rate deals are looking increasingly attractive compared with short-term fixes, where rates have been rising.

National Westminster's 10-year loan, fixed until 30 April 2003, is available on repayment, endowment and pension loans. The pounds 250 fee will not be charged to first-time buyers.

Northern Rock's variable rate, 7.99 per cent, is being discounted by 3.01 per cent until June 1994 for 75 per cent loans.

----------------------------------------------------------------- Mortgages ----------------------------------------------------------------- Type Source Deal Variable Northern Rock 4.98% after 3.01% discount Fixed National Westminster 8.99% for 10 yrs, 95% loans, fee pounds 250 Capped Nationwide 7.85% on 85% advances for 3 years ----------------------------------------------------------------- Source: John Charcol 071-611 7000 -----------------------------------------------------------------