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Fixed Rate Mortgages

  • Your monthly payments will stay the same for a set period

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

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


Overview

Fix your payments for a set period

These rates are only available for new borrowers and are correct as of 19/04/2018.

These products are only available on a Capital Repayment basis, unless stated otherwise.

We also offer a First Start mortgage which may help boost your borrowing power. Find out more about First Start mortgages and the rates available.

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

40% deposit (60% Loan to Value ratio) Compare our fixed rate 60% mortgages

 

2 year fixed with additional benefits (Also available on Interest Only/Part Capital Repayment)
Initial rate 1.55% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.1% APRC
Product fee £1,495
Additional benefits
  • Standard Valuation fee paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

2 year fixed with additional benefits (Also available on Interest Only/Part Capital Repayment)
Initial rate 1.73% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 3.9% APRC
Product fee £495
Additional benefits
  • Standard Valuation fee paid by the Lender
  • Remortgagers also have standard legal fees paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

5 year fixed with additional benefits and cashback (minimum loan £50,000, also available on Interest Only/Part Capital Repayment)
Initial rate 2.43% fixed until 30/06/2023
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 3.8% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • £400 cashback
Early repayment charges 4% of the sum repaid until 30/06/2020, then 3% until 30/06/2022, then 2% until 30/06/2023

 

Representative Example

A mortgage of £114,000 payable over 10 years initially on a fixed rate for 2 years at 1.73% and then reverting to our tracker rate of 3.99% above Bank of England Base Rate for the remaining 8 years would require 24 monthly payments of £1,035 and 96 monthly payments of £1,152.

The total amount payable would be £136,123 made up of the loan amount plus interest (£21,418), product fee (£495), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 3.6% APRC representative.

30% deposit (70% Loan to Value ratio) Compare our fixed rate 70% mortgages

3 year fixed with additional benefits (Also available on Part Interest Only/Part Capital Repayment)
Initial rate 1.85% fixed until 30/06/2021
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.0% APRC
Product fee £1,495
Additional benefits
  • Standard Valuation fee paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2020, then 2% until 30/06/2021

 

Representative example:

A mortgage of £114,000 payable over 10 years initially on a fixed rate for 3 years at 1.85% and then reverting to our tracker rate of 3.99% above Bank of England Base Rate for the remaining 7 years would require 36 monthly payments of £1,041 and 84 monthly payments of £1,139.

The total amount payable would be £134,886 made up of the loan amount plus interest (£19,181), product fee (£1,495), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 3.5% APRC representative.

25% deposit (75% Loan to Value ratio) Compare our fixed rate 75% mortgages

 

2 year fixed with additional benefits (Also available on Part Interest Only/Part Capital Repayment)
Initial rate 1.75% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 3.9% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • Remortgagers also have standard legal fees paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

2 year fixed with additional benefits and cashback (minimum loan £50,000, also available on Part Interest Only/Part Capital Repayment)
Initial rate 1.93% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.1% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • £400 cashback
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

5 year fixed with additional benefits (Also available on Part Interest Only/Part Capital Repayment)
Initial rate 2.18% fixed until 30/06/2023
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 3.4% APRC
Product fee £495
Additional benefits
  • Standard Valuation fee paid by the Lender
  • Remortgagers also have standard legal fees paid by the Lender
Early repayment charges 4% of the sum repaid until 30/06/2020, then 3% until 30/06/2022, then 2% until 30/06/2023

 

Representative example:

A mortgage of £117,047 payable over 13 years initially on a fixed rate for 2 years at 1.93% and then reverting to our tracker rate of 3.99% above Bank of England Base Rate for the remaining 11 years would require 24 monthly payments of £849 and 132 monthly payments of £970.

The total amount payable would be £148,621 made up of the loan amount plus interest (£31,364), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 3.8% APRC representative.

15% deposit (85% Loan to value ratio) Compare our fixed rate 85% mortgages

2 year fixed with additional benefits
Initial rate 1.93% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.0% APRC
Product fee £0
Additional benefits
  • Standard Valuation Fee paid by the Lender
  • Remortgagers also have standard legal fees paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

2 year fixed with additional benefits and cashback (minimum loan £50,000)
Initial rate 1.99% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.1% APRC
Product fee £0
Additional benefits
  • Standard Valuation Fee paid by the Lender
  • £400 cashback
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

3 year fixed with additional benefits
Initial rate 2.28% fixed until 30/06/2021
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 3.8% APRC
Product fee £0
Additional benefits
  • Standard Valuation Fee paid by the Lender
  • Remortgagers also have standard legal fees paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2020, then 2% until 30/06/2021

 

5 year fixed with additional benefits
Initial rate 2.55% fixed until 30/06/2023
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 3.6% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • Remortgagers also have standard legal fees paid by the Lender
Early repayment charges 4% of the sum repaid until 30/06/2020, then 3% until 30/06/2022, then 2% until 30/06/2023

 

5 year fixed with additional benefits and cashback (minimum loan £50,000)
Initial rate 2.59% fixed until 30/06/2023
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 3.8% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • £400 cashback
Early repayment charges 4% of the sum repaid until 30/06/2020, then 3% until 30/06/2022, then 2% until 30/06/2023

 

Representative example:

A mortgage of £140,000 payable over 10 years initially on a fixed rate for 2 years at 1.99% and then reverting to our tracker rate of 3.99% above Bank of England Base Rate for the remaining 8 years would require 24 monthly payments of £1,288 and 96 monthly payments of £1,418.

The total amount payable would be £167,237 made up of the loan amount plus interest (£27,027), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 3.6% APRC representative.

10% deposit (90% Loan to Value ratio) Compare our fixed rate 90% mortgages

2 year fixed with additional benefits 
Initial rate 2.17% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.1% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

2 year fixed with additional benefits
Initial rate 2.42% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.2% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • Purchasers also have standard legal fees paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

2 year fixed with additional benefitsand cashback (minimum loan £50,000)
Initial rate 2.43% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.2% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • £500 cashback
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

2 year fixed with additional benefits and cashback (minimum loan £50,000)
Initial rate 2.53% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.2% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • £750 cashback
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

3 year fixed with additional benefits and cashback (minimum loan £50,000)
Initial rate 2.59% fixed until 30/06/2021
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.1% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • £500 cashback
Early repayment charges 3% of the sum repaid until 30/06/2020, then 2% until 30/06/2021

 

5 year fixed with additional benefits
Initial rate 2.81% fixed until 30/06/2023
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 3.9% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • Purchasers also have standard legal fees paid by the Lender
Early repayment charges 4% of the sum repaid until 30/06/2020, then 3% until 30/06/2022, then 2% until 30/06/2023

 

5 year fixed with additional benefits (minimum loan £50,000)
Initial rate 2.83% fixed until 30/06/2023
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 3.9% APRC
Product fee £0
Additional benefits
  • Standard Valuation fee paid by the Lender
  • £750 cashback
Early repayment charges 4% of the sum repaid until 30/06/2020, then 3% until 30/06/2022, then 2% until 30/06/2023

 

Representative example:

A mortgage of £155,000 payable over 19 years initially on a fixed rate for 5 years at 2.81% and then reverting to our tracker rate of 3.99% above Bank of England Base Rate for the remaining 14 years would require 60 monthly payments of £878 and 168 monthly payments of £978.

The total amount payable would be £217,257 made up of the loan amount plus interest (£62,047), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 3.7% APRC representative.

5% deposit (95% Loan to Value ratio) Compare our fixed rate 95% mortgages

2 year fixed with additional benefits (purchase only)
Initial rate 3.61% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.4% APRC
Product fee £0
Additional benefits
  • Higher Lending Charge paid by Lender
  • Standard Valuation fee paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

2 year fixed with additional benefits (purchase only)
Initial rate 3.83% fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.5% APRC
Product fee £0
Additional benefits
  • Higher Lending Charge paid by Lender
  • Standard Valuation fee paid by the Lender
  • Purchasers also have standard legal fees paid by the Lender
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

2 year fixed with additional benefits and cashback (minimum loan £50,000, purchase only)
Initial rate 3.90 fixed until 30/06/2020
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.5% APRC
Product fee £0
Additional benefits
  • Higher Lending Charge paid by Lender
  • Standard Valuation fee paid by the Lender
  • £750 cashback
Early repayment charges 3% of the sum repaid until 30/06/2019, then 2% until 30/06/2020

 

3 year fixed with additional benefits and cashback (minimum loan £50,000, purchase only)
Initial rate 4.08% fixed until 30/06/2021
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.5% APRC
Product fee £0
Additional benefits
  • Higher Lending Charge paid by Lender
  • Standard Valuation fee paid by the Lender
  • £750 cashback
Early repayment charges 3% of the sum repaid until 30/06/2020, then 2% until 30/06/2021

 

5 year fixed with additional benefits (purchase only)
Initial rate 3.94% fixed until 30/06/2023
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.4% APRC
Product fee £0
Additional benefits
  • Higher Lending Charge paid by Lender
  • Standard Valuation fee paid by the Lender
Early repayment charges 4% of the sum repaid until 30/06/2020, then 3% until 30/06/2022, then 2% until 30/06/2023

 

5 year fixed with additional benefits (purchase only)
Initial rate 3.99% fixed until 30/06/2023
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.4% APRC
Product fee £0
Additional benefits
  • Higher Lending Charge paid by Lender
  • Standard Valuation fee paid by the Lender
  • Purchasers also have standard legal fees paid by the Lender
Early repayment charges 4% of the sum repaid until 30/06/2020, then 3% until 30/06/2022, then 2% until 30/06/2023

 

5 year fixed with additional benefits and cashback (minimum loan £50,000, purchase only)
Initial rate 4.03% fixed until 30/06/2023
Followed by Bank of England Base Rate (currently 0.50%) plus 3.99% for the rest of the term 4.49% variable
The overall cost for comparison is 4.4% APRC
Product fee £0
Additional benefits
  • Higher Lending Charge paid by Lender
  • Standard Valuation fee paid by the Lender
  • £500 cashback
Early repayment charges 4% of the sum repaid until 30/06/2020, then 3% until 30/06/2022, then 2% until 30/06/2023

 

Representative example:

A mortgage of £155,000 payable over 19 years initially on a fixed rate for 5 years at 3.94% and then reverting to our tracker rate of 3.99% above Bank of England Base Rate for the remaining 14 years would require 60 monthly payments of £967 and 168 monthly payments of £1,001.

The total amount payable would be £226,401 made up of the loan amount plus interest (£71,191), product fee (£0), valuation fee (£0), funds transfer fee (£15), legal fee (£0) and lending fee (£195).

The overall cost for comparison is 4.3% APRC representative.

Definitions

Definitions

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.

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 product fee: There is no product fee to pay. This is ideal if you do not want to pay a product 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.

Product fee: This is a fee charged on some mortgages as part of the product. It can be paid upfront or added to the loan. If you add it to your mortgage it will increase your outstanding balance and interest will be charged for the duration of the mortgage.

Standard legal fees: If your mortgage states that standard legal fees are paid by the lender, the lender will pay the fees if you use 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. If your mortgage states that valuation fee is paid by the lender, the lender will pay for one standard valuation on the application. You can upgrade to a full HomeBuyer survey for an additional fee.

 

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

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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 www.fca.org.uk/register 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.