The Post Office launches a new mortgage range offered through brokers.
The Post Office which was previously a direct-only lender, has announced the release of an intermediary mortgage range which will be available from 02 June.
The new range includes fixed rate products for new purchase and remortgage, fee free deals and buy to let products.
For those looking to buy a home or remortgage who want the security of a fixed rate several products are on offer.
New purchase fixed rate mortgage highlights include:
- A 2 year fix for 75% LTV at 1.98%
- A 5 year fix for 75% LTV at 3.15%.
Fees on both products have been set at £995.
Remortgage fixed rate mortgage highlights include:
- A 2 year fix for 75% LTV at 2.58%
- A 5 year fix for 75% LTV at 3.38%.
While both mortgages are offered at a slightly higher rate than those on offer for new purchase, the deals are fee free and come with free legals.
First time buyer mortgage highlights include:
- A 2 year fix for 90% LTV at 3.79% with a £495 fee.
- A 3 year fix for 90% LTV at 4.55% fee free.
The buy to let range offers rates starting from 3.15%.
To review the mortgage market to find the best deal to match your circumstances call an impartial adviser at independent and 'whole of market' Deal Direct.
Call for advice and a low rate quote on 0800 048 8828.
