Post office mortgage rates cut across the range

Post office mortgage rates cut across the range

16 August 2010 / by Lois Avery

Post Office mortgage rates have been cut on several of their leading products, including deals for first time buyers.

Rates have been reduced across its fixed rates, trackers, and buy to let mortgages, taking affect immediately as the Post Office attempts to compete in the mortgage market and to coincide with the launch of a new 65 percent  LTV deal with a direct Best Buy rate of 2.85%.

As part of the Post Office’s Best Buy range of mortgage deals the new lower rates will apply on their five year, three year and two year fixed rate mortgages.

Some of their rates have come down as much as 0.5 per cent.

Post Office Director of Personal Lending, Marco Hughes, said: "We constantly review our mortgage range to ensure we are offering customers choice and value for money.  Through these latest reductions, customers can benefit from our lowest fixed rate ever, at just 2.85% for two years.

"All Post Office customers benefit from a low revert rate, which provides genuine value, not just for the initial period but throughout the life of the mortgage.  The addition of a 65% LTV deal and the recent launch of the 90% LTV range gives customers, including first time buyers increased choice and great value."

Call 0808 1091690 to learn more about Post Office mortgages.

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