2-yr fixed H2B mortgage gets a rate cut | Product News - Moneyfacts

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2-yr fixed H2B mortgage gets a rate cut

2-yr fixed H2B mortgage gets a rate cut

Category: Mortgages
Date: 11/03/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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