So we know you love your iPod almost as much as your baby (see last week’s iPod babygro story), but what about your home?

Would you take out an unsuitable mortgage to get a free iPod? Well, this is the fear of industry analysts, following the news that Scarborough Building Society is offering a very special incentive scheme.

All borrowers who take out a five-year tracker or fixed-rate loan of more than £50,000 will be given an impressive digital bundle as a golden handshake. The package includes a free iMac, digital camera, wireless keyboard, games, Microsoft Office software, and the cherry on top, an iPod.

But mortgage brokers have warned consumers to look beyond this dazzling incentive and focus on the most important aspect of a mortgage – the rate.

James Cotton, of London & Country mortgage brokers, told the Times: “If you want or need the tempting freebies on offer, this could be a good deal if you have a smaller mortgage.

“However, most borrowers would be better off by making sure they get the best rate on their mortgage. Don’t think you’re getting something for nothing.”

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