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Post Office for Intermediaries expands range with seven-year fixed rate mortgage
Post Office for Intermediaries has increased its offering with the launch of seven-year fixed rate mortgage products.
The range has been designed specifically to appeal to the growing number of customers seeking longer term security in an uncertain market.
Purchasers and movers will be offered either a headline rate of 2.32 per cent fixed with a product fee of £495, or a 2.51 per cent fixed, with no product fee, standard valuation paid and £400 cashback.
A 2.51 per cent fixed is also available for customers looking to re-mortgage, with standard valuation and legal fees paid. All products are available up to 75 per cent loan-to-value.
Iain Smith, head of intermediary distribution, said: “We work closely with our broker partners and so we are delighted to be able to offer these competitive seven-year fixed rate products to help them meet the needs of their customers.
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“Given the current uncertainty in the market, we expect this longer term fixed rate product range to be very popular.”