Post Office mortgages 'ideal for first-time buyers'

Monday, 20 June 2011 11:13

Individuals seeking a mortgage, including first-time buyers, may be among those interested in the latest rate reductions from the Post Office.

Among the range of products available are a five-year fixed rate at 90 per cent loan-to-value (LTV) offering a 6.15 per cent rate with fees of £995.

Alternatively, those who would prefer a two-year fix can opt for an 85 per cent or 90 per cent LTV mortgage for rates of 4.05 per cent and 5.39 per cent respectively.

Mike Cook, head of mortgages at the Post Office, said: "We have some very compelling offers for first-time buyers and remortgagers, including options from as little as ten per cent deposit, many with standard valuation and £300 cashback included."

He added the organisation is always keen to provide its customers with a better deal, enabling them to make their money go further.

More information about the products is available in-branch, online or over the telephone.

Use the Myfinances.co.uk comparison tables to find the best deal on a new mortgage  

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