« Daily Debt Tips Home
Post Office introduces extended mortgage range
Monday, October 19th, 2009The Post Office has brought out an extended range of competitively priced mortgages, a move which could help debtors as the company will be offering one of the lowest fixed arrangement fees available on the market.
From today (October 19th), borrowers can benefit from taking out a Post Office mortgage with a fixed arrangement fee of £599. The revert fee is also the lowest to be found, at 2.49 per cent.
Head of lending with the Post Office Az Alibhai remarked that, as this latter charge is connected to the base rate, "customers on fixed rate deals won’t be in for any nasty surprises" and "can expect good long-term value".
The mortgages are also more accessible to borrowers - featuring in more than 250 branches of the business - and debtors can discuss any problems they are experiencing with members of the team.
Other competition to banks and building societies came last week in the form of supermarket lenders, which, according to Ed Bowsher of lovemoney.com, are experiencing a rise in popularity.
By Sarah Adie
