Post Office slashes its mortgage rates.
Last week the Post Office announced that its deals are now available through brokers, and this week the lender has announced rates have been cut.
For those wanting a fixed rate deal rates are now cheaper at the lower deposit end of the market.
First time buyers are to benefit most from reduced rates, with a 90% LTV 2 year fixed rate mortgage now on offer fee free at 3.89% .
First timers looking for an increased level of mortgage security are also to be offered a 3 year fix for 90% LTV. The rate on this mortgage is 4.45% which is available fee free.
With a slightly larger deposit a 2 year fix for 85% LTV is available at 3.25% fee free, and a 3 year fix is available at 3.39% but with a £995 fee.
If you are looking for a mortgage, and would like to compare these Post Office deals against the wider market to find the one which is truly the most competitive for your deposit level, seek advice and a quote from Deal Direct.
We have a team of highly qualified brokers who are up to date on all mortgage offers market-wide. We can search through every lenders range to find you the most competitive mortgage to save you money on buying your home.
For a low rate quote and impartial advice,
call us on 0800 048 8828.
