Follow Post Office Media

Post Office Launches New Mortgage Rates

Press release   •   Nov 03, 2014 16:07 GMT

Post Office has today launched six market-leading mortgage deals.

The new products include a two year fixed deal at 60% LTV at a rate of 1.54% (£1,995 arrangement fee), as Post Office enters the current rate fray.  Other deals on offer are:

·  3.49% five year fixed rate mortgage at 80% LTV (no fee)

·  3.65% five year fixed rate mortgage at 85% LTV (£995 fee)

·  3.79% five year fixed rate mortgage at 85% LTV (no fee)

·  4.09% five year fixed rate mortgage at 90% LTV (£995 fee)

·  4.45% five year fixed rate mortgage at 90% LTV (no fee)

John Willcock, Head of Post Office Mortgages, said: “We have consistently offered some of the best deals on the market this year, allowing us to challenge the traditional high-street lenders.  These latest deals highlight our commitment to providing customers with products that meet their needs, no matter what type of buyer they are”.

Customers can pick up information about the new mortgage range and rates online at postoffice.co.uk/mortgages or from one of over 11,500 Post Office branches across the UK. Customers can also arrange a call-back from a mortgage specialist at the call centre, via all branches, or call the Post Office directly on 0800 077 8033. Terms and condition can be found at postoffice.co.uk.


ENDS


FULL DETAILS OF ALL MORTGAGES AVAILABLE:

Standard Mortgage Product Range

60% LTV Fixed Rates

Rate and Term

The Overall Cost for Comparison is

Loan to Value

Arrangement Fee

Features

Early Repayment Charges

Code

2 Year

1.54%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.1% APR

60%

£1,995

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2016

SLN

2 Year

2.38%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

60%

£0

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2016

SDM

3 Year

2.88%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.1% APR

60%

£0

No Higher Lending Charge
Standard legal fees paid
by Lender (for remortgagers only)
Standard Valuation Fee paid by Lender

3% of the sum repaid
 until 31/12/2017

SDN

5 Year

2.88%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.0% APR

60%

£1,495

No Higher Lending Charge

5% of the sum repaid
 until 31/12/2019

SJH

75% LTV Fixed Rates

Rate and Term

The Overall Cost for Comparison is

Loan to Value

Arrangement Fee

Features

Early Repayment Charges

Code

2 Year

1.93%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

75%

£995

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2016

SDQ

2 Year

2.58%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

75%

£0

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2016

SDR

2 Year

2.85%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.3% APR

75%

£0

No Higher Lending Charge
Standard legal fees paid
by Lender (for remortgagers only)
Standard Valuation Fee paid by Lender

3% of the sum repaid
 until 31/12/2016

SDS

3 Year

2.48%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.1% APR

75%

£1,495

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2017

SDT

3 Year

2.68%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

75%

£995

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2017

SDU

3 Year

2.79%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.1% APR

75%

£0

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2017

SDV

3 Year

2.98%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

75%

£0

No Higher Lending Charge
Standard legal fees paid
by Lender (for remortgagers only)
Standard Valuation Fee paid by Lender

3% of the sum repaid
 until 31/12/2017

SDW

5 Year

2.98%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.0% APR

75%

£1,495

No Higher Lending Charge

5% of the sum repaid
 until 31/12/2019

SJJ

5 Year

3.08%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.1% APR

75%

£995

No Higher Lending Charge

5% of the sum repaid
 until 31/12/2019

SJK

5 Year

3.48%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

75%

£0

No Higher Lending Charge

5% of the sum repaid
 until 31/12/2019

SDY

5 Year

3.59%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

75%

£0

No Higher Lending Charge
Standard legal fees paid
by Lender (for remortgagers only)
Standard Valuation Fee paid by Lender

5% of the sum repaid
 until 31/12/2019

SDZ

80% LTV Fixed Rates

Rate and Term

The Overall Cost for Comparison is

Loan to Value

Arrangement Fee

Features

Early Repayment Charges

Code

2 Year

2.29%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

80%

£995

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2016

SLD

2 Year

2.65%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.3% APR

80%

£0

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2016

SLE

3 Year

2.73%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

80%

£995

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2017

SJL

3 Year

3.75%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.4% APR

80%

£0

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2017

SEC

5 Year

3.33%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

80%

£995

Higher Lending Charge paid by Lender

5% of the sum repaid
 until 31/12/2019

SJM

5 Year

3.49%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

80%

£0

Higher Lending Charge paid by Lender
Standard Valuation Fee paid by Lender

5% of the sum repaid
 until 31/12/2019

SLZ

85% LTV Fixed Rates

Rate and Term

The Overall Cost for Comparison is

Loan to Value

Arrangement Fee

Features

Early Repayment Charges

Code

2 Year

2.65%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.3% APR

85%

£995

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2016

SLF

2 Year

2.99%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.3% APR

85%

£0

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2016

SLG

3 Year

3.28%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.3% APR

85%

£995

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2017

SJN

3 Year

4.09%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.5% APR

85%

£0

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2017

SEG

5 Year

3.65%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.3% APR

85%

£995

Higher Lending Charge paid by Lender

5% of the sum repaid
 until 31/12/2019

SLP

5 Year

3.79%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.3% APR

85%

£0

Higher Lending Charge paid by Lender
Standard Valuation Fee paid by Lender

5% of the sum repaid
 until 31/12/2019

SLQ

90% LTV Fixed Rates

Rate and Term

The Overall Cost for Comparison is

Loan to Value

Arrangement Fee

Features

Early Repayment Charges

Code

2 Year

2.95%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.4% APR

90%

£995

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2016

SLH

2 Year

3.29%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.4% APR

90%

£0

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2016

SLJ

3 Year

3.85%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.5% APR

90%

£995

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2017

SJQ

3 Year

4.79%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.7% APR

90%

£0

Higher Lending Charge paid by Lender

3% of the sum repaid
 until 31/12/2017

SEL

5 Year

4.09%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.5% APR

90%

£995

Higher Lending Charge paid by Lender

5% of the sum repaid
 until 31/12/2019

SLR

5 Year

4.45%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.6% APR

90%

£0

Higher Lending Charge paid by Lender
Standard Valuation Fee paid by Lender

5% of the sum repaid
 until 31/12/2019

SLS

2 year tracker

Rate and Term

The Overall Cost for Comparison is

Loan to Value

Arrangement Fee

Features

Early Repayment Charges

Code

2 Year

1.64%
variable

which is Bank of England Base Rate plus 1.14%
until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.1% APR

75%

£1,495

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2016

SER

2 Year

1.89%
variable

which is Bank of England Base Rate plus 1.39%
until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

75%

£995

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2016

SES

2 Year

2.14%
variable

which is Bank of England Base Rate plus 1.64%
until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.2% APR

75%

£0

No Higher Lending Charge

3% of the sum repaid
 until 31/12/2016

SET

Help to Buy Mortgage Product Range

95% LTV Fixed Rates

Rate and Term

The Overall Cost for Comparison is

Loan to Value

Arrangement Fee

Features

Early Repayment Charges

Code

2 Year

4.99%
fixed

until 31/12/2016 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.7% APR

95%

£0

Not Applicable

3% of the sum repaid
 until 31/12/2016

SEN

3 Year

5.19%
fixed

until 31/12/2017 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

4.8% APR

95%

£0

Not Applicable

3% of the sum repaid
 until 31/12/2017

SEP

5 Year

5.45%
fixed

until 31/12/2019 then 4.49% variable
which is Bank of England Base Rate plus 3.99%
for the rest of the mortgage term

5.0% APR

95%

£0

Not Applicable

5% of the sum repaid
 until 31/12/2019

SEQ

About the Post Office

The Post Office (Post Office Limited) has an unrivalled national network of over 11,500 branches across the UK, more than all the high street banks combined, and sits at the heart of communities in Northern Ireland, Scotland, Wales and England. The Post Office has made a commitment to maintaining its network of branches at its current size and reach. It provides around 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.

The Post Office serves over 17 million customers a week and a third of small businesses. Some 99.7% of the total population live within three miles of a post office and over 93% live with one mile of a post office. For many rural communities, the post office is the only retail outlet. Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information, visit www.postoffice.co.uk.

Bank of Ireland has supported customers in the UK for many decades and is the exclusive financial services partner to the Post Office.  Bank of Ireland primarily operates in the UK through its wholly owned and separately incorporated subsidiary Bank of Ireland (UK) plc, which is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.  Activities related to the Post Office partnership are conducted within this entity and as such, all retail deposits up to £85,000 with the Post Office are protected under the UK’s Financial Services Compensation Scheme.  At 31 December 2013, Bank of Ireland (UK) plc had a loan to deposit ratio of 86% with customer deposits of c. £21 billion utilised to fund customer lending of c. £18 billion (primarily comprising c. £13 billion of UK residential mortgages).