Post Office Money has reduced the rate on its two-year fixed Help to Buy mortgage by 0.10%, earning it the highest accolade and securing its place right at the top of the Moneyfacts charts as a result.
This mortgage now has a highly competitive rate of 3.68% fixed until 31.5.18, which is currently the lowest rate offered in its sector. It is available at a loan-to-value (LTV) of 95% and has absolutely no product fees.
This deal is available for house purchase customers with a small deposit of just 5%. It doesn't come with any additional incentives, but borrowers are welcome to make overpayments of up to 10% of the outstanding balance.
By cutting the rate on this deal Post Office Money has snared the top spot on the charts. First-time buyers who are looking for a highly competitive mortgage will therefore be well served by this offer, which also has the additional bonus of no fees. The flexibility afforded by the option to make overpayments adds another welcome element to this truly outstanding deal.
Moneyfacts rating: Outstanding
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