Mortgage rates reduced at Post Office

Posted on Friday, September 13 by Joy Tibbs

Post Office has reduced the rates on many of its mortgage and remortgage deals.

Its two-year fixed-rate deal up to 60% loan-to-value (LTV) has been cut from 1.70% to 1.63% with a £1,995 fee; while its three-year fix mortgage at 75% LTV has dropped from 2.99% to 2.75% with no fees applied.
Other deals include: a two-year fix at 75% LTV down from 2.19% to 1.98% with a £995 fee; a two-year fixed-rate deal at 75% LTV reduced from 2.99% to 2.59% with no fee and a five-year fix at 85% LTV down from 4.39% to 4.29% with no fee.

John Willcock, head of Post Office Mortgages, said: “When it comes to buying a home, every penny counts and we are committed to helping our customers to move up the ladder, which is why many of our rates have been reduced, and some deals are free of arrangement fees. 

“The diversity of our range means we have deals for everyone from first-time buyers through to those looking to move home or remortgage.

“At the Post Office, we always put our customers first and we continue to strive to offer the best possible products to help them onto and up the property ladder.”

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