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Post office cuts mortgage rates
A new survey by House Exchange, the mutual exchange website for social housing tenants, reveals that nearly twice as many Brits said would rather swap homes and lives with David and Victoria Beckham (13%) than with Kate Middleton and Prince William (7%). Showing that it is in fact the glamorous jet setting lifestyle of the Beckhams that us Brits really hanker after rather than the down to earth low key approach favoured by Kate and Wills.
The British Post Office is cutting most of the rates across its range of fixed rate, tracker, and buy to let mortgages with immediate effect. It has also expanded its range of fee assisted products, with options including no arrangement fee, a free standard valuation, and free legal work or £300 cash back. The Post Office says that it is committed to offering first time buyers, movers, and remortgage customers a wide range of choice and flexibility, with deals from 65% up to 90% LTV, to best suit their needs.
Post Office Head of Mortgages, Mike Cook, said: “We constantly review our mortgage range to ensure we are offering customers choice and value for money. We have some very compelling offers for first time buyers and remortgagers, including options from as little as 10 per cent deposit, many with standard valuation and £300 cash back included.”
Three of the Post Office’s mortgages
• Two year fixed rate (fee free) at 4.55% (85% LTV)
• Two year fixed rate (fee assisted) at 4.35% (85% LTV)
• Two year fixed rate buy to let (£1495 fee) at 4.95% (75% LTV)
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