depends what you are gonna use it for mate, if you are gonna use the bike to commute, you may be best to buy a town or road bike. Used primarily for distance cycling.
You can pick up a decent mountain bike for your budget, just keep it clean, look after your tyres and keep everything tight and it will run for years.
Mountain bikes are a lot more rugged obviously and will give a lot more leeway for wear and tear, road bikes are more kinda long distance bikes. you can cover great distance in them but they are a lot more restricted with where you can take them.
get a swatch here
http://www.halfords.com/webapp/wcs/s...5555_langId_-1
also, if its your first one, best to go into a shop to buy it so you can actually see. touch/sit in it, y'know.




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