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.
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 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.
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
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