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Post Office signs up to Help to Buy scheme

Post Office signs up to Help to Buy scheme

The Post Office has announced it will join the Government's Help to Buy mortgage guarantee scheme, although it has not unveiled its rates.

The best Help to Buy rates, which are available to borrowers with a 5pc deposit, are currently HSBC's two-year fix for 4.79pc and five-year fix for 4.99pc, both with a £99 fee.

The Post Office mortgages will be offered in partnership with Bank of Ireland UK. As well as joining the mortgage scheme, the Post Office said it is putting 100 mortage specialists in branches nationwide.

On Thursday Santander is launching its Help to Buy mortgage guarantee products, with rates of 4.99pc for a two-year fix and 5.49pc for a five-year fix.

Santander is also launching the first tracker product under Help to Buy 2; a two-year variable rate tracker for 4.99pc.


Read more: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10557850/Post-Office-signs-up-to-Help-to-Buy-scheme.html