BUDGET 2008: Darling calls for long-term fixed choice

House buyers need a greater choice of long-term fixed rate mortgages, says Chancellor Alistair Darling.

He wants greater long-term fixed rate deal choice, including 10, 15 and 20-year deals.

He referred to research, which he claims reveals that long-term fixed rate mortgages can reduce some of the risks of taking out a mortgage, especially for first-time buyers and lower income families.