The Post Office has reduced the rate on its two-year fixed deal, asserting its place in the medium-term mortgage market.
This deal, available directly to customers, offers a rate of 3.49% to 31.5.15 and has a maximum loan-to-value of 80%.
Customers can borrow a minimum of £25,001.
This mortgage's appeal is heightened by having no arrangement fee and offering incentives of free valuation fees for purchase borrowers and free legal fees for those remortgaging.
Overpayments of up to 10% of the outstanding balance can be made.
Sitting comfortably in the top five deals for its term, this mortgage should appeal to borrowers looking for a competitive rate whilst keeping initial costs to a minimum.
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