If you're looking around for a fixed rate mortgage, then the Post Office might have just the deal you're looking for.
You can get a three year fixed rate from the Post Office at a rate of 5.48 per cent and an arrangement fee of £399. However, you don't have to pay any higher lending charges which can save some consumers a huge amount of cash.
You can take out up a loan to the value of 95% of the property which is competetive against rival products.
A spokesperson for the Post Office commented, "The Post Office trial is investigating the need for more straightforward mortgages, providing good initial and long-term value with no hidden charges."
With so many people looking for variable rate tracker mortgages in the current economic climate, there are still a small number wanting the security that comes with a fixed rate arrangement.