If you’re coming to the end of your current deal or you just want to move your mortgage and you want to stay in your existing home, we can help.
Key benefits
Release some equity: remortgage and raise some cash for home improvements, to pay for a wedding, school fees and so on
Save money: by remortgaging to a lower rate, you could reduce your repayments or pay off your mortgage faster
Consolidate your debts: free up some money by reducing your repayments and use it to pay off other debts like credit cards or car loans. Please note that securing short term debts against your home could increase the term which they are paid and therfore increase the overall amount payable.
Post Office Mortgages are provided by Bank of Ireland UK
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Simple, straightforward mortgages
Our tailor-made mortgages are provided by Bank of Ireland UK, an institution with over 229 years of financial experience and expertise, so you know you’re in safe hands.
Borrow up to 90% of the value of your home
No Higher Lending ChargeA 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 mortgage and the Higher Lending Charge is paid by us, the lender, on Loan to Value LTV mortgages above 75%. No Higher Lending Charge is payable on LTV mortgages up to 75%. See the Lending Criteria for more information. or booking fees; unlike other providers, we won’t ask you to pay these charges and fees for any of our mortgages
Speedy and efficient, we can give you an Approval in PrincipleAn AIP verifies how much you could borrow based on what you have told us, performs various criteria and credit reference agency checks, and gives a decision to lend based on its findings. immediately and you could receive your full offer within just 10 working days. Offers are valid for six months so small delays in completing your remortgage won’t cause you to lose your mortgage deal
Quality customer service, you’ll get a dedicated mortgage case manager to help you every step of the way
Find the right remortgaging deal for you
If you’re thinking about remortgaging here are some simple steps to help you make sure you make the right choice.
Figure out your finances
How much cash do you need to free up? How much would you like to save? And most importantly, how much can you borrow? Our Affordability and Repayment calculators will help you figure out your finances and provide an estimate of how much you could borrow from us.
Explore the mortgages on offer
We offer Fixed Rate mortgages, where your monthly payments are fixed for a set time period – two, three or five years. Or Tracker mortgages with terms of two years, where your interest rate and your payments rise and fall.
Check charges and fees
Check with your existing mortgage provider to see whether there are early repayment charges or fees if you’ll be leaving your mortgage early. Don’t forget to also check out the costs associated with your new mortgage like valuation, arrangement, booking and legal fees. We often offer competitive deals, like reduced fees, or we may pay your standard valuationAlso 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. and legal fees, so check out our current range to see what’s on offer now.
Get a quote and apply
It’s easy to get a quote or an Approval in PrincipleAn AIP verifies how much you could borrow based on what you have told us, performs various criteria and credit reference agency checks, and gives a decision to lend based on its findings. for one of our mortgages. And don’t forget, when you apply with us, you’ll be assigned a named case manager and receive regular texts, phone calls or letters to update you on the progress of your application.
Definitions
Approval in Principle: An AIP verifies how much you could borrow based on what you have told us, 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. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include either a £995 or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
Fee assisted: Our fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us 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 mortgage and the Higher Lending Charge is paid by us, the lender, on Loan to Value LTV mortgages above 75%. No Higher Lending Charge is payable on LTV mortgages up to 75%. See the Lending Criteria for more information.
LTV: This stands for Loan to Value. 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 £0 to pay. These are ideal if you want a smaller mortgage, or don’t want to pay an arrangement fee or to 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, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending.
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 may be monitored or recorded for training and compliance purposes.
Our Fixed Rate mortgages are ideal if you want your monthly repayments to stay the same for a set period of two, three or five years. At the end of your fixed rate period, the rate reverts to the Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term.
We currently don’t charge a full repayment mortgage release fee. Our lending fee is £195 which is due on completion but payment can be deferred until your mortgage is fully repaid. Borrowers must be 18 or over unless stated. Rates correct as at 05/04/2013.
Post Office® Mortgages are provided by Bank of Ireland UK
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
40% deposit (60% LTV)
Initial rate
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term
The overall cost for comparisonThe 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. is
Arrangement feeWhen you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 arrangement fee or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
Extra benefits
2 year fixed
2.35% fixed until 31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.3% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£995
N/A
3 year fixed (max loan size £500,000)
2.45% fixed until 31/05/2016
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.2% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£1,495
N/A
5 year fixed (max loan size £500,000)
2.63% fixed until 31/05/2018
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
3.9% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£1,495
N/A
5 year fixed
Fee assistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
3.15% fixed until 31/05/2018
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.0% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the lender
Early repayment charges for 2 year fixed rate - 3% of the sum repaid until 31/05/2015.
Early repayment charges for 3 year fixed rate - 3% of the sum repaid until 31/05/2016.
Early repayment charges for 5 year fixed rate - 5% of the sum repaid until 31/05/2018.
25% deposit (75% LTV)
Initial
rate
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term
The overall cost for comparisonThe 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. is
Arrangement feeWhen you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 arrangement fee or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
Extra
benefits
2 year fixed
2.55% fixed until 31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.3% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£995
N/A
2 year fixed
Fee assistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
2.99% fixed until 31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.3% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the lender
3 year fixed
2.68% fixed until 31/05/2016
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.2% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£995
N/A
3 year fixed
Fee assistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
3.09% fixed until 31/05/2016
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.2% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the Lender
5 year fixed
2.89% fixed until 31/05/2018
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.0% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£995
N/A
5 year fixed
Fee assistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
3.28% fixed until 31/05/2018
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.1% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the Lender
Early repayment charges for 2 year fixed rate - 3% of the sum repaid until 31/05/2015.
Early repayment charges for 3 year fixed rate - 3% of the sum repaid until 31/05/2016.
Early repayment charges for 5 year fixed rate - 5% of the sum repaid until 31/05/2018.
20% deposit (80% LTV)
Initial rate
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term
The overall cost for comparisonThe 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. is
Arrangement feeWhen you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 arrangement fee or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
Extra benefits
2 year fixed
3.15% fixed until 31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.4% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£995
N/A
2 year fixed
Fee AssistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
3.49% fixed until 31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.4% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the Lender
3 year fixed
3.45% fixed until 31/05/2016
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.4% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£995
N/A
3 year fixed
Fee assistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
3.85% fixed until 31/05/2016
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.4% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the Lender
5 year fixed
3.59% fixed until 31/05/2018
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.3% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£995
N/A
5 year fixed
Fee assistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
3.98% fixed until 31/05/2018
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.4% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the Lender
Early repayment charges for 2 year fixed rate - 3% of the sum repaid until 31/05/2015.
Early repayment charges for 3 year fixed rate - 3% of the sum repaid until 31/05/2016.
Early repayment charges for 5 year fixed rate - 5% of the sum repaid until 31/05/2018.
15% deposit (85% LTV)
Initial rate
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term
The overall cost for comparisonThe 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. is
Arrangement feeWhen you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 arrangement fee or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
Extra benefits
2 year fixed
No Arrangement FeeNo arrangement fee products are just that, there’s £0 to pay. These are ideal if you want a smaller mortgage, or don’t want to pay an arrangement fee or to add one to your mortgage.
3.49% fixed until 31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.4% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
N/A
2 year fixed
Fee AssistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
3.99% fixed until 31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.5% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the lender
3 year fixed
Fee AssistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
4.25% fixed until 31/05/2016
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.5% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the lender
5 year fixed
3.95% fixed until 31/05/2018
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.5% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£995
N/A
5 year fixed
Fee AssistedOur fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
4.47% fixed until 31/05/2018
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.6% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£0
Standard ValuationAlso 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. fee paid by the lender
Remortgages also have standard legal feesIf your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending Criteria. paid by the lender
Early repayment charges for 2 year fixed rate - 3% of the sum repaid until 31/05/2015.
Early repayment charges for 3 year fixed rate - 3% of the sum repaid until 31/05/2016.
Early repayment charges for 5 year fixed rate - 5% of the sum repaid until 31/05/2018.
10% deposit (90% LTV)
Initial rate
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term
The overall cost for comparisonThe 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. is
Arrangement feeWhen you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 arrangement fee or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
Extra benefits
2 year fixed
3.89% fixed until 31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.6% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
£1,495
N/A
5 year fixed No Arrangement FeeNo arrangement fee products are just that, there’s £0 to pay. These are ideal if you want a smaller mortgage, or don’t want to pay an arrangement fee or to add one to your mortgage.
4.59% fixed until 31/05/2018
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.7% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
Early repayment charges for 2 year fixed rate - 3% of the sum repaid until 31/05/2015.
Early repayment charges for 5 year fixed rate - 5% of the sum repaid until 31/05/2018.
Definitions
Approval in Principle: An AIP verifies how much you could borrow based on what you have told us, 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. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include either a £995 or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
Fee assisted: Our fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us 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 mortgage and the Higher Lending Charge is paid by the lender, on Loan to Value LTV mortgages above 75%. No Higher Lending Charge is payable on LTV mortgages up to 75%. See the Lending Criteria for more information.
LTV: This stands for Loan to Value. 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 £0 to pay. These are ideal if you want a smaller mortgage, or don’t want to pay an arrangement fee or to 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 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.
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 our nominated solicitors. Terms and conditions apply, please see our General Lending.
0800: Calls to 0800 numbers are free from a UK landline, mobile costs may vary. Calls may be monitored or recorded for training and compliance purposes.
Our Tracker mortgages follow the Bank of England Base Rate (currently 0.5%), plus a specified percentage for the first two years. After the initial two year period the rate reverts to the Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term. Because the Bank of England Base Rate goes up and down, your mortgage rate and your repayments will also go up and down. So if you don’t mind if your payments fluctuate, then a Tracker mortgage could be right for you.
We currently don’t charge a full repayment mortgage release fee. Our lending fee is £195 which is due on completion but payment can be deferred until your mortgage is fully repaid. Borrowers must be 18 or over unless stated. Rates correct as at 05/04/2013.
Post Office® Mortgages are provided by Bank of Ireland UK.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
25% deposit (75% LTV)
Initial rate
Which is Bank of England Base Rate (currently 0.5%) plus 2.39% until
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term
The overall cost for comparisonThe 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. is
Arrangement feeWhen you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 arrangement fee or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
2 year tracker
2.89% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.4% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
Early Repayment Charges: 3% of the sum repaid until 31/05/2015.
20% deposit (80% LTV)
Initial rate
Which is Bank of England Base Rate (currently 0.5%) plus 2.99% until
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term
The overall cost for comparisonThe 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. is
Arrangement feeWhen you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 arrangement fee or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
2 year tracker
3.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.5% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
Early Repayment Charges: 3% of the sum repaid until 31/05/2015.
15% deposit (85% LTV)
Initial rate
Which is Bank of England Base Rate (currently 0.5%) plus 3.29% until
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term
The overall cost for comparisonThe 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. is
Arrangement feeWhen you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 arrangement fee or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
2 year tracker
3.79% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.5% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
Early Repayment Charges: 3% of the sum repaid until 31/05/2015.
10% deposit (90% LTV)
Initial rate
Which is Bank of England Base Rate (currently 0.5%) plus 4.75% until
Followed by Bank of England Base Rate (currently 0.5%) plus 3.99% for the rest of the term
The overall cost for comparisonThe 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. is
Arrangement feeWhen you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 arrangement fee or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
2 year tracker
5.25% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
31/05/2015
4.49% variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
4.8% APRAnnual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
Early Repayment Charges: 3% of the sum repaid until 31/05/2015.
Definitions
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 mortgage and the Higher Lending Charge is paid by the lender, on Loan to Value LTV mortgages above 75%. No Higher Lending Charge is payable on LTV mortgages up to 75%. See the Lending Criteria for more information.
Arrangement fee: When you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include either a £995 or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
No Arrangement fee: No arrangement fee products are just that, there’s £0 to pay. These are ideal if you want a smaller mortgage, or don’t want to pay an arrangement fee or to add one to your mortgage.
Fee assisted: Our fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
LTV: This stands for Loan to Value. 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.
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.
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 our nominated solicitors. Terms and conditions apply, please see our General Lending.
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.
Approval in Principle: An AIP verifies how much you could borrow based on what you have told us, performs various criteria and credit reference agency checks, and gives a decision to lend based on its findings.
0800: Calls to 0800 numbers are free from a UK landline, mobile costs may vary. Calls may be monitored or recorded for training and compliance purposes.
APR: Annual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
We’ll take the following factors into account when you apply for a mortgage with us.
Standard mortgages
Minimum loan:
£25,001
Maximum loan:
£1 million.
Loan types:
For property purchase and remortgage only
Payment types:
Repayment, interest only or a combination of both. For interest only or a combination please see our interest only criteria below.
Loan tiers:
90% up to £500,000, 85% up to £750,000, 80% up to £850,000, 75% up to £1m. Fees may be added. Conditions apply.
Property:
We do not accept:
Loans over 80% LTVThis stands for Loan to Value. 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. for houses or loans over 75% LTVThis stands for Loan to Value. 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. for flats and maisonettes for properties that are newly constructed (built or converted within the last 12 months), being purchased for the first time since completion or conversion, or subject to first registration of a lease
Studio flats or freehold flats
Ex-local authority flats that are located in a block more that 4 storeys high or that have open decking
Flats converted from office buildings or refurbished ex-local authority blocks
Mixed user buildings with mixed residential and commercial use where the LTVThis stands for Loan to Value. 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. exceeds 75%
Leasehold terms of less than 70 years at the start of the mortgage (99 years in N. Ireland)
Leasehold terms of less than 45 years at the end of the term (74 years in N. Ireland)
Properties being purchased under a Right-to-Buy, shared ownership, or shared equity arrangement
Properties which include commercial usage
Properties with occupancy restrictions
Remortgages where you have owned the property for less than 12 months
Properties being acquired under an assignable contract
Purchases where the vendor has owned the property for less than 12 months (except where we have given consent)
Houses divided into two separate flats
This list is not exhaustive. Some non traditional forms of construction won’t be accepted. Please let us know if the property is built from anything other than brick or stone, if the roof is not tile or slate, or if it's a self-built property.
We may be able to lend if the property you are purchasing or remortgaging has solar panels but we may have specific lending requirements so check with us to see if you meet our criteria before you apply.
Age:
Minimum: 18
Term:
Maximum: 35 years (when calculating maximum borrowing we will only include the income of applicants who will be no older than 70 at the end of the mortgage term). Minimum: 10 years (shorter terms considered by exception provided we’re satisfied that ability to pay exists).
Overpayments:
You can overpay at any time during your mortgage term.
If you’re in a promotional period, you can overpay a minimum of £500 and a maximum of 10% of the outstanding mortgage balance (as at 31st March the previous year) without incurring any early repayment or administration charges.
Once the promotional period is over, the amount you can overpay is unlimited, however if you pay off your mortgage in full charges may apply.
You can either reduce your monthly repayments or reduce your mortgage term but remember, you can only reduce your mortgage term after the promotional period ends. There’s a £60 admin fee for this.
Income multiples:
We calculate this based on 4.25 x income for single and joint applications. A minimum household income for a repayment mortgage of £20,000 applies (for single or joint applications). Please note we’ll review your application to ensure we are satisfied with your ability to pay.
Employment status:
We’ll consider your application if you’re employed or self employed (3 years minimum trading and the last 3 years accounts required).
Interest only criteria:
You can borrow a maximum of 60% of the purchase price or valuation (whichever is lower) on an interest only basis, or a combination of repayment and interest only, with a suitable repayment strategy. Subject to:
Minimum of £200,000 equity (the difference between valuation and amount you wish to borrow).
Minimum individual income of £50,000 per annum or minimum joint income of £75,000 per annum (where neither applicant fulfils the individual income requirement).
If your loan exceeds 60% loan to value then the entire amount must be on a repayment basis
Refinance:
You can remortgage to raise additional capital as long as:
additional funds will not be used for business or speculative purposes
an underwriter assessment approves it, if it’s for debt consolidation
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Free Legals for Remortgagers:
If stated in the Offer of Loan, Bank of Ireland UK will pay for the legal fees and disbursements (excluding specified additional work) providing the remortgage transaction is handled via Legal Marketing Services, and is completed. Terms and conditions apply, please see our General Lending Criteria for details.
General lending criteria
Lending areas:
England, Scotland, Wales and Northern Ireland (unless otherwise stated). Non-mainland properties require prior referral to us (except Isle of Wight & Skye).
Property owner:
We only accept transactions where the seller is the owner or registered proprietor of the property, and has been for at least 12 months.
If you’re remortgaging, the registered owner or proprietor must have owned the property for a period of at least 12 months.
Nationality:
Proof is required that applicants who are Non EU Citizens have the right to live and work in the UK. Restrictions apply; please contact us to discuss your situation.
Early Repayment Charge:
If you repay all or part of your loan before the end of the early repayment period, we may charge you an Early Repayment Charge to cover any loses we might otherwise incur. When you repay the whole of the loan you must pay us any mortgage release fee we charge at the time of repayment. If you have deferred payment of the lending fee you must also pay this. For part repayments, an additional administration fee will apply.
Clean Credit History:
We’ll consider your application if for the last 3 years you’ve:
had no mortgage/rent/loan arrears
missed no more than two consecutive payments on credit/store cards
had no more than one County Court Judgement (CCJ) of up to £250. This must have been over 12 months ago
Communications/mail order arrears will be ignored unless scale/frequency is a cause for concern.
Free Legals for Remortgagers:
If stated in the Offer of Loan, Bank of Ireland UK will pay for the legal fees and disbursements (excluding additional work, see below) providing the remortgage transaction is handled via Legal Marketing Services, and is completed. The firm of solicitors is instructed to act for us only. If applicants wish to arrange their own legal representation they will be responsible for the legal costs and disbursements incurred. Please note: Bank of Ireland UK will not pay for charges relating to additional work outside the scope of a standard remortgage transaction. This includes further valuation reports, related legal services, transfer of equity, deed of postponement, deed of grant, deed of variation, merger of freehold or leasehold title, leasehold supplements, change of name, telegraphic transfer of surplus funds to borrower, local searches for loans over £1 million or if an exceptional amount of work is required to correct a defective title.
Arrangement fees:
Payments should not be made at application stage. Bank of Ireland UK will deduct the fee from the loan amount upon completion or add it to the loan amount.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Definitions
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 mortgage and the Higher Lending Charge is paid by us, the lender, on Loan to Value LTV mortgages above 75%. No Higher Lending Charge is payable on LTV mortgages up to 75%. See the Lending Criteria for more information.
Arrangement fee: When you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include either a £995 or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
No Arrangement fee: No arrangement fee products are just that, there’s £0 to pay. These are ideal if you want a smaller mortgage, or don’t want to pay an arrangement fee or to add one to your mortgage.
Fee assisted: Our fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
LTV: This stands for Loan to Value. 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.
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.
Standard legal fees: If your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending.
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.
Approval in Principle: An AIP verifies how much you could borrow based on what you have told us, performs various criteria and credit reference agency checks, and gives a decision to lend based on its findings.
0800: Calls to 0800 numbers are free from a UK landline, mobile costs may vary. Calls may be monitored or recorded for training and compliance purposes.
APR: Annual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
Best online Mortgage lender 2012, 2011, 2010, 2009
The Awards given relate to the product range, application process and servicing, which are provided in conjunction with Bank of Ireland UK.
Moneywise Mortgage Awards
Best Lender for First Time Buyers 2011
What Mortgage
Best fixed rate Mortgage Provider 2012
Small print
Please note our online mortgage application is only compatible with Internet Explorer 6+, Firefox and Safari web browsers.
Subject to status. 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 and regulated by the Financial Services 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 is 148 Old Street, London EC1V 9HQ. Post Office and the Post Office logo are registered trademarks of Post Office Limited.
0800Calls to 0800 numbers are normally free from UK landlines but charges may apply from mobile phones. Calls may be monitored or recorded for training and compliance purposes.
707 6206
