Post Office Money has boosted its fixed rate mortgage range with a new five-year product, which has merited an 'outstanding' rating thanks to its competitive rate and terms.
This mortgage has a rate of 3.95% fixed until 30.6.20, earning it a well-deserved place in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 90% and has a competitive fee of £995.
This deal is open to first-time buyers, homemovers and remortgagors with a 10% deposit. All borrowers can enjoy the benefits of the incentive package, which includes free valuation and a £1,000 rebate upon completion.
Repayment flexibility is also offered with the option to make overpayments of up to 10% of the outstanding balance per year.
This deal has rocketed straight into the charts thanks to its eye-catching rate and enticing incentives. Borrowers with a more modest deposit are likely to be intrigued by this offer, particularly as it promises to keep upfront costs low due to the generous rebate and offer of free valuation. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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