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.
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.
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.
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.
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