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Post Office cuts mortgage rate again

Post Office cuts mortgage rate again
The Post Office has announced a further reduction to it three-year fixed-rate mortgage.

It means that the deal now comes with a 5.34 per cent rate, with the firm claiming that this makes it the most competitive deal of its kind on the high street.

Further to this, the mortgage comes with an arrangement fee of just £399 and can come with a loan-to-value (LTV) of up to 95 per cent.

"In the current market we are keen to pass on as much value as possible to our customers, which is why we have reduced our rates even further today," said Gary Fitton, Post Office director.

"People who are looking to get on the property ladder or who are coming to the end of a fixed-rate deal, face either high arrangement fees or SVRs (Standard Variable Rates).

"Our three-year deal offers a low-cost product that guarantees customers peace of mind with one of the lowest fixed-rates on the market, coupled with a low arrangement fee," he continued.

ThePost Office has previously cut the rate on this particular deal on three occasions.ADNFCR-1237-ID-18485622-ADNFCR


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*UK Financial Solutions is a free service acting as an introducer to David Whitehouse Associates Ltd who are an Appointed Representative of Lifetime Insurance Mortgage Experts Limited which is Authorised and Regulated by the Financial Services Authority. The UK Financial Solutions website is free to use but we may receive commission from David Whitehouse Associates Ltd for introduced business. Users of the mortgage service will receive free initial advice and quotations. The advisor may be paid a commission by the lender. Where there is no lender commission an arrangement fee will be charged. The typical arrangement fee is £199. Unless to do so would result in a loss we will beat or match any other genuine mortgage quote. We have access to rates for every product on the UK mortgage market.
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