Post Office launch lowest ever 2 year fixed rate mortgage Go compare with our comparison table

Post Office launch lowest ever 2 year fixed rate mortgage

07 June 2013 / by Isabel Buxton

In the current economic climate, the vast majority are feeling the pinch when it comes to living expenses – and for many of us, mortgage repayments are one of the biggest financial headaches. 

Fixed rate mortgages can be a reassuring prospect for many homebuyers as they offer the security of stable rates for a set period. The highlight of the Post Office new range is their lowest ever 2 year fixed rate:  1.70% fixed until 31/08/2015 up to 60% LTV with a £1,995 arrangement fee. This rate is available to all borrowers, from first-time buyers to those looking to remortgage, and offers a maximum loan of £500,000.

 

Features of a Post Office mortgage

 

The Post Office offer a range of different mortgage products, and some of the features include:

- A dedicated case manager to help you with your application process

- UK-based call centres

- A decision in minutes when you apply online

- Mortgages provided in partnership with the Bank of Ireland UK

- A range of fixed rates available ranging from 60% to 90% LTV, as well as a wide range of tracker mortgages


Compare other fixed rate mortgage deals here >>

© Fair Investment Company Limited
 

Post Office Mortgage Deal Selection - Call Direct

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.88%

Reverts to 4.24%

3

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

2.16%

Reverts to 4.24%

5

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.
Lifetime Tracker

4.24%

Lifetime of the mortgage

90%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above Post Office mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063