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Help to Buy Mortgages

  • Get on the property ladder with the Government’s Help to Buy: mortgage guarantee scheme
  • Designed to provide mortgages for buyers with smaller deposits

Post Office Money® Mortgages are provided by Bank of Ireland UK



More mortgages for buyers

With the Government’s Help to Buy: mortgage guarantee scheme, the government offers participating mortgage lenders the option to buy a guarantee on mortgages where a borrower has a small deposit. Because of this scheme we are able to offer more mortgage products to borrowers in this situation.

The scheme is designed for lenders, so it is still your responsibility for paying your mortgage under this scheme.

You'll have to meet the lender's standard affordability and lending criteria if you'd like to use the scheme.

There are also some further eligibility requirements you'll need to meet:

  • The property must be in the UK
  • You must plan to live in your home and not let it out
  • You can borrow a maximum of 95% of the property value including any fees
  • You must pass the lender's credit tests and be able to prove your income
  • You must not own any other property, or a share of any other property, even if it is let out
  • The mortgage must be taken on a repayment basis. Interest only mortgages, or part interest only are not available with Help to Buy
  • The scheme is available for purchases only
  • The scheme cannot be used in conjunction with any other government schemes such as Shared Equity or Shared Ownership

If you would like to find out more about the Help to Buy scheme, please visit

For help with key terms used in the product tables, please see the Definitions tab.

Help to Buy Rates

5% deposit (95% Loan to value ratio) Help to Buy Compare our fixed rate 95% mortgages

5% deposit (95% LTV)

2 year fixed No Arrangement Fee
Initial rate 3.68% fixed until 31/05/2018
Followed by bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.5% APRC
Arrangement fee £0
Features N/A
Early repayment charges 3% of the sum repaid until 31/05/2017 then 2% until 31/05/2018


3 year fixed No Arrangement Fee
Initial rate 4.25% fixed until 31/05/2019
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.5% APRC
Arrangement fee £0
Features N/A
Early repayment charges 3% of the sum repaid until 31/05/2018 then 2% until 31/05/2019


5 year fixed No Arrangement Fee
Initial rate 4.48% fixed until 31/05/2021
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.6% APRC
Arrangement fee £0
Features N/A
Early repayment charges 4% of the sum repaid until 31/05/2018 then 3% until 31/05/2020 then 2% until 31/05/2021


Rates correct as at 11/03/2016

Representative example:

A mortgage of £145,350 payable over 30 years initially on a fixed rate for 2 years at 4.29% and then reverting to our tracker rate of 3.99% above Bank of England Base Rate for the remaining 28 years would require 20 monthly payments of £718 and 340 monthly payments of £735.

The total amount payable would be £265,151 made up of the loan amount plus interest (£118,878), product fee (£0), valuation fee (£470), lending fee (£195) and legal fees (£258).

The overall cost for comparison is 4.6% APRC representative.



Approval in Principle (AIP): An AIP indicates how much you could borrow based on the information you have provided, it performs various criteria and credit reference agency checks, and gives a conditional decision to lend based on its findings.

APRC: Annual Percentage Rate of Charge - this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.

Arrangement fee: When you apply for your mortgage, lenders may charge you a fee for providing the loan. Our standard products may include an arrangement fee (please refer to individual products for fee details), which can be paid upon completion of your mortgage or added to the loan.

Fee assisted: Fee assisted products have a free standard valuation and if you're remortgaging, where stated, free standard legal work via the lender's nominated solicitors to help you keep the upfront costs down. You can upgrade to a full HomeBuyer survey for an additional fee - please call for more details.

Higher Lending Charge: A fee which may be charged if the amount borrowed is more than a given percentage of the value of the property. The lender will use the fee for an insurance policy to protect them against financial loss in the event of a borrower not meeting their mortgage payments. The fee is usually payable in full up front. You may be liable for any mortgage shortfall debt if after possession the sale proceeds are not enough to repay your outstanding debt. Choose a Post Office Money mortgage and the Higher Lending Charge is paid by the lender for mortgages above 75% LTV. No Higher Lending Charge is payable for mortgages up to 75% LTV. See the Lending Criteria for more information.

Loan to Value (LTV): It’s the amount of mortgage expressed as a percentage of the value of the property or purchase price, whichever is lower. For example, a mortgage of £80,000 on a purchase price of £100,000 would be 80% LTV. If the valuation of the property is lower than the price you've agreed, the LTV will be based on the valuation.

No arrangement fee: No arrangement fee products are just that, there’s no arrangement fee to pay. These are ideal if you do not want to pay an arrangement fee or add one to your mortgage.

Overall cost for comparison: The total cost of a loan, including interest charges and product fees, shown as a percentage rate. The calculation assumes that you keep the mortgage for the full term. APRC is the industry standard calculation and allows you to directly compare mortgages from all lenders.

Standard legal fees: If your mortgage states that standard legal fees are paid by the lender, the lender will pay the fees for remortgages via their nominated solicitors. Terms and conditions apply, additional legal work may incur additional fees, please refer to the General Lending Criteria for full details.

Standard valuation: Also known as a lender's valuation, this is a basic assessment that’s carried out on a property to establish its condition and value. This is done so a lender can decide whether to lend on the property.

It is important that you have reviewed the products above in full before progressing with an online application.

Found the mortgage that suits you?

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Small print

Please note our online mortgage application is only compatible with Internet Explorer 9+, Google Chrome 34+, Firefox 28+, Safari 5 and 7 web browsers and is not optimised for mobile phones.

Subject to status and lending criteria. Written illustrations available upon request. Borrowers must be aged 18 or over.

Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, FRN 512956. You can check this on the Financial Services Register by visiting the website or by contacting the Financial Conduct Authority (FCA) on 0800 111 6768. Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is registered in England & Wales (No. 07022885). Registered Office: Bow Bells House, 1 Bread Street, London, EC4M 9BE. Post Office Limited is registered in England and Wales (No. 2154540). Registered Office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Post Office Money and the Post Office Money logo are registered trademarks of Post Office Limited.