Press release - 3 November 2014 16:07

Post Office Launches New Mortgage Rates

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

Post Office Launches New Mortgage Rates

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