Post Office 95% LTV mortgage, five-year fix at 4.14%, no fee
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Post Office 95% LTV mortgage, five-year fix at 4.14%, no fee

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Found 8th Dec 2017
Another 95% mortgage for people with just 5% deposit or equity.

The Post Office has a five-year fix at 4.14%, fixed for five years.

There’s no fee and you get free valuation plus £750 cashback.

The deal is for first and second-time buyers who wish to borrow £50,000 or more.

Borrowers can make overpayments up to 10% of the outstanding balance each year.

Moneyfacts describes this product as a “great choice for cash-strapped buyers”.

Comparing deals
As always, when you compare mortgage deals you need to add together the monthly payments for the fixed period (5 x 12 = 60 for this deal) plus the arrangement fee (zero in this case) minus any cashback to arrive at the total cost.
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1 Comment
Personally, rather than fix for so long at such a high rate, I'd go with a cheaper 2y fix, pay down some debt over that time, hope house prices go up and remortgage at a lower LTV and better rate after 2 years.
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