Post Office Money has unleashed a new highly competitive five-year fixed mortgage onto the market, winning it an 'outstanding' rating and a coveted place in the Moneyfacts charts.
This mortgage has a rate of 2.94% fixed until 30.6.21, the lowest rate currently available for its terms. It is offered at a loan-to-value (LTV) of 90% and has a fee of £995.
All borrowers who have a modest deposit of 10% are welcome to apply for this deal. It is accompanied by an enticing incentive package of free valuation and a £300 rebate, which will appeal to those who are keeping to a strict budget. Borrowers will also be given the opportunity to make overpayments of up to 10% per annum.
This new entrant to the market is bound to attract attention thanks to its eye-catching rate and tempting incentive package. Keeping both upfront and long-term costs down is vital for those who have only a modest deposit, so this deal is bound to find favour. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: outstanding
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