Post Office Money has reduced the rates of its fixed Help to Buy mortgages. One of the deals to benefit was its five-year product, which received a 0.34% reduction, making it a Moneyfacts best buy.
This mortgage now has a highly competitive rate of 4.95% to 31.3.20. It is available at a loan-to-value (LTV) of 95% and has absolutely no product fees.
This Help to Buy mortgage is only available to house purchase customers with a modest deposit of 5%. Although there are no incentives with this deal, the absence of any product fees is a definite attraction.
Borrowers are offered a degree of repayment flexibility with the option to make overpayments.
This mortgage stands out from the crowd thanks to its competitive rate and lack of product fees. This is likely to prove to be an attractive combination for buyers who are looking to keep upfront costs as low as possible. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.