Post Office unveils new 5-yr mortgage | Product News - Moneyfacts

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Post Office unveils new 5-yr mortgage

Post Office unveils new 5-yr mortgage

Category: Mortgages
Date: 07/11/2014

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 It is now over 6 months old so the content may be out of date.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 has extended its mortgage range with another competitive offer - a five-year fixed rate deal that boasts the lowest price for its sector.

The basics…

This mortgage has a highly competitive rate of 2.68% fixed until 31.12.19, which is the lowest price available in the 60% loan-to-value (LTV) tier. A fee of £995 is payable.

The finer details…

This deal is available to first-time buyers, second-time buyers and remortgagors. While no incentives are available, borrowers are given the option to make overpayments of up to 10% of the outstanding balance.

Why we like it…

The low rate offered by this attractive mortgage is sure to catch the eye of borrowers with a 40% deposit. Although there are no incentives to sweeten the deal, the repayment flexibility offered, the reasonable fee and the opportunity to fix to a low rate for five years more than compensates.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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