EXTRACT FROM MONEYFACTS WEBSITE
The basics…
This deal has a rate of 1.99% fixed until 31.3.17, and is available at a loan-to-value (LTV) of 75%. Absolutely no fees are payable.
The finer details…
This mortgage is open to first-time buyers, second-time buyers and remortgagors with a 25% deposit. All borrowers can profit from an incentive package of free valuation, while those looking to remortgage can also benefit from free legal fees.
Borrowers have the option to make overpayments of up to 10% of the outstanding balance, giving them some welcome repayment flexibility.
Top comments
JezUK
19 Dec 1444#53
Don't you come round 'ere with your logic. I want to blow all my income on latest generation games consoles, mobile phone contracts, takeaways, gym memberships and brand new cars. I don't want to put money towards savings and most importantly of all I want to blame others for my poor financial decisions THANK YOU VERY MUCH.
ryanb93
18 Dec 1419#11
You got no fees!
daturastorm
19 Dec 1412#106
30 - 50k an achievable savings goal for a young person? are you serious?
I'm in the wrong job.
SalfordCityRed
19 Dec 149#104
All very well trying to impress everybody with your smart @ss logic... House prices went up at least 250% from 1999 to 2004... Wages however, didn't budge and living costs/expenses & utility bills have gone through the roof. Then you include zero hour contracts and mass immigration keeping the working class on their knees whilst flooding housing stock, it really isn't that simple...
If you're honestly saying it's as easy now as it was for people pre 1999, you're totally deluded!
All comments (154)
paully
18 Dec 142#1
A lending fee of £195 applies which is due on completion but payment can be deferred until your mortgage is fully repaid
Still looks like a cracking deal.
googley2 to paully
18 Dec 145#8
And how much interest would you pay on that £195 over a 20 year mortgage repayment - its a scam.
ran123ran to paully
18 Dec 14#12
Can't see where this £195 charge is?
zaphodbb to paully
19 Dec 14#27
And they won't let on when they are advising you. How can they claim no fees/low fees? I got a break down and I swear if I pour over it I'll prove they (another provider) totally hid this from me. Thought it was early repayment or something, no it's just a fee. Neither a borrower or a lender :sunglasses: yeah right
tanked
18 Dec 142#2
Looks excellent. I believe Post Office loans/mortgages are handled by the Bank of Ireland
Jumps way up though by around 1% to 3% when going for a 5 year fixed
PhilAB
18 Dec 14#3
Can you get this when re-mortgaging?
ran123ran to PhilAB
18 Dec 142#4
yes
preep to PhilAB
18 Dec 14#13
I recently had an appointment at the post office with one of their advisers to remortgage and they turned me down in the first 5 minutes because I was not earning more than a certain figure - can't remember what. I have been a home owner since I was 22 and Im now 52! Never defaulted, got no debts. Ive come to the conclusion I am stuck with my current provider until Ive paid up:(
PhilAB
18 Dec 14#5
Nice, however due in feb!
usetheforceluke
18 Dec 14#6
aprt from the scary reply, go contact them if you are so desperate and see if you can have the deal in Feb. Personally if I were you, I would seek an IFA
ran123ran
18 Dec 14#7
Could take you until February to get re-mortgage sorted ?
Not sure how long process takes now for re-mortgaging but for new mortgages its such a long process now.
sarah090182woodhead
18 Dec 14#9
I work at the post office and the rate keeps dropping
Many branches like our have mortgage advisor in branch
Chewbacca100
18 Dec 141#10
Check out Tesco bank, we have just re-mortgaged with them at 1.69% for 2yr £600 product fee and £195 charge
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Opening post
No fees
75% LTV
EXTRACT FROM MONEYFACTS WEBSITE
The basics…
This deal has a rate of 1.99% fixed until 31.3.17, and is available at a loan-to-value (LTV) of 75%. Absolutely no fees are payable.
The finer details…
This mortgage is open to first-time buyers, second-time buyers and remortgagors with a 25% deposit. All borrowers can profit from an incentive package of free valuation, while those looking to remortgage can also benefit from free legal fees.
Borrowers have the option to make overpayments of up to 10% of the outstanding balance, giving them some welcome repayment flexibility.
Top comments
I'm in the wrong job.
If you're honestly saying it's as easy now as it was for people pre 1999, you're totally deluded!
All comments (154)
Still looks like a cracking deal.
Here's some of their other rates including one thats a 1.78% for 2 year fixed
http://www.money.co.uk/mortgages/mortgage-lenders/Bank-of-Ireland-Mortgages.htm
Jumps way up though by around 1% to 3% when going for a 5 year fixed
Not sure how long process takes now for re-mortgaging but for new mortgages its such a long process now.
Many branches like our have mortgage advisor in branch