Money Matters

It’s likely to be your biggest financial commitment, so you’ll need to make sure you have the ability to afford the monthly repayments for many years to come.

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


Mortgage calculators

A great place to start is to find out how much you may be able to afford, and what your monthly repayments could be. You can do this using our mortgages calculator.

Your budget

Making sure you can afford your mortgage is vital. You will need to compare all of your income and outgoings to see exactly what you could afford as your mortgage repayments.
Lenders will look closely at how much you can afford to pay back each month. If you have any loans, credit card repayments or children who are financially dependent on you, these will all be taken into consideration within your application.


The difference in monthly mortgage payments may be significant depending on the size or your deposit. You may get better interest rates with a bigger deposit so, as always, it's worth going away and doing your sums to see how much you can afford.

You'll sometimes see lenders using the term 'LTV', this stands for loan-to-value ratio. This is the percentage of the property value that you're borrowing from your lender. The whole property value is your LTV plus your deposit.

Other costs of buying a home

As well as your mortgage and monthly costs such as home insurance and utility bills, there are other costs to factor in when you work out your home-buying budget.

Product fee: Many mortgages come with a product fee. You can pay this upfront or it can be added to the loan.  

Valuation fee: This covers a basic inspection of the property on behalf of the lender so they can see whether it’s suitable for them to lend money on. 

Survey fee: Many borrowers get a HomeBuyer survey or full structural survey on the property they want to buy.

Solicitor’s fees: When buying a property you’ll need a solicitor to act on your behalf.

Stamp Duty: Stamp Duty is a tax on all property purchases above £125,000. Different rates apply depending on the price of the property. If you are a first time buyer you may not need to pay Stamp Duty. For full details on Stamp Duty, see HMRC

Moving costs: You may need to hire a van or removal company to help you with your move. 

More helpful information

Types of mortgages

The differences between fixed rates, trackers, variable rate mortgages and the types of repayment methods available.

Learn more


Getting started

Some of the steps involved in the house buying process and some handy tips.

Learn more

Case studies

Our customers talk about how Post Office Money helped them get their dream homes.

Learn more


It is important that you have reviewed our product range in full before progressing with an online application.

Found the mortgage that suits you?

0800: All calls to 0800 numbers are free of charge whether made from a landline or mobile phone. Calls may be monitored or recorded for training and compliance purposes.

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.

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