Post Office slashes mortgage rates

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By Rassam Fakour-Zaker
Know Your Money Editor

In line with their recent push to become a leading UK mortgage lender, the Post Office has cut rates across their fixed rate, tracker and buy-to-let mortgage products.

The cuts, which were initiated last week, apply to all fixed rate products up to 80% loan-to-value (LTV) across 2, 3 and 5 year option while the lifetime Lifetime tracker mortgages have been reduced for 80% to 90% LTV products.

Over the last few months the Post Office has become one of the most attractive providers on the UK mortgage market due to the range of choice and level of flexibility in their product portfolio - and with competitive rates on products with 65% to 90% LTV they have mortgages to suit all types of borrower including first time buyers.

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."

To compare Post Office mortgages against other leading mortgage products visit our mortgage comparison page here.

Alternatively you can call the Post Office direct for more information about their mortgage products on 0808 109 1706.

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