Post Office Money cuts Help to Buy rates | Product News - Moneyfacts

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Post Office Money cuts Help to Buy rates

Post Office Money cuts Help to Buy rates

Category: Mortgages
Date: 20/02/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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