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Post Office Money Launches Competitive Mortgage Deals

Press release   •   Mar 11, 2016 10:21 GMT

Post Office Money has today enhanced its already competitive mortgage range by announcing new fee-free mortgage deals, including the lowest Help to Buy two-year fixed rate mortgage in the market for a product without an arrangement fee.*

The new range of mortgage deals includes:

  • 80% LTV 2.28% two-year fixed rate mortgage**
  • 80% LTV 3.03% five-year fixed rate mortgage **
  • 85% LTV 2.34% two-year fixed rate mortgage **
  • 85% LTV 3.19% five-year fixed rate mortgage**

New Help to Buy mortgage deal:

  • 95% LTV 3.68% two-year fixed rate mortgage **

Customers can get 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. They 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


John Willcock, Head of Post Office Money Mortgages, said: “Our research shows that UK adults now expect to be 36 by the time they take their first step onto the property ladder, with some unsure if they will ever get onto it. We know homeownership can seem a distant goal for many, and want to do as much as we can for prospective buyers. Our new Help to Buy deal is the best on the market for those looking to avoid paying an arrangement fee, putting them one step closer to buying their first property.

“We have a range of mortgage products suited to the diverse needs of the UK’s potential home buyers and our new range is further evidence of our commitment to providing the best value possible."


Ends

* New two-year fixed rate Help to Buy product is 4th in market overall

**(no arrangement fee, free valuation, free legals for remortgagers)

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 97% 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 http://www.postoffice.co.uk/.

Please note the Press Office team can only deal with enquiries from the media.  Unfortunately they do not have access to customer information so can not help with customer enquiries.

If you have an enquiry regarding any Post Office product or service please visit postoffice.co.uk or call 0845 611 2970 Local call rates apply. Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes.