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Tracker Mortgages

  • Ideal if you’re happy for your mortgage rate to follow the Bank of England Base Rate (currently 0.5%)
  • Available to new borrowers to Post Office Money®
  • A dedicated application manager to help guide you through the process

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


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

APR: 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. APR 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, 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.

0800: Calls to 0800 numbers are free from a UK landline, mobile costs may vary. Calls will be monitored or recorded for training and compliance purposes.

Please note our online mortgage application is only compatible with Internet Explorer 6+, Google Chrome, Firefox and Safari web browsers.


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. Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is registered in England & Wales (No. 07022885), Bow Bells House, 1 Bread Street, London EC4M 9BE. Post Office Limited is registered in England and Wales. Registered No 2154540. Registered Office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Post Office and the Post Office Money logo are registered trademarks of Post Office Limited.

Give us a call

0800 707 6206

8.30am-7.30pm, Mon-Fri
9am-1.30pm, Sat