Help to Buy mortgage stays on top | Product News - Moneyfacts

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Help to Buy mortgage stays on top

Help to Buy mortgage stays on top

Category: Mortgages
Date: 14/09/2016

Post Office Money has changed the rate on its chart-topping two-year fixed Help to Buy deal. Despite the small increase, the product maintains its position at the top of the charts for its sector.

The basics…

This fee-free mortgage now boasts a rate of 3.88%, fixed to 31.10.2018, and is available at 95% loan-to-value (LTV).

The finer details…

The deal is offered to first-time buyers with a deposit of just 5% who wish to take advantage of the Government's Help to Buy Mortgage Guarantee Scheme. It comes with incentives of £400 cashback and free valuation, as well as the option to make overpayments.

Why we like it…

While the new rate on this mortgage makes it slightly less attractive, it still compares favourably to its peers. Due to its fee-free nature, incentives and flexibility, it's still competitive enough to attract first-time buyers and retain its place.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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