The changes to the product range spell particularly good news for first-time buyers, with rates reduced across several fee-free 85% and 90% LTV deals.
Products available from today include a 3.89% two-year fixed rate mortgage at 90% LTV (no fee); a 4.45% three-year fixed rate mortgage at 90% LTV (no fee); a 3.25% two-year fixed rate mortgage at 85% LTV (no fee); and a 3.39% three-year fixed rate mortgage at 85% LTV (£995 fee).
Post Office’s mortgage business has gone from strength to strength over the course of 2014, continuing the growth of recent years. Notable milestones include the expansion of its Mortgage Advisers in-branch initiative, and joining the government’s Help to Buy scheme and re-entering the Buy to Let market.
John Willcock, Head of Post Office Mortgages, said:
“Choosing a mortgage is a big step, and involves careful research and consideration. Every buyer will have different needs, whether climbing the ladder for the first time, or looking to move. As a result, we recognise the importance of providing support at each stage of the journey. Our mortgages are available online, in-branch, and through brokers – meaning that we are able to offer consumers a real choice.
“Post Office provides competitive deals for any customer, whether they are searching for the lowest rates or a minimal arrangement fee. We are committed to offering a real alternative to the established mortgage providers in the UK.”
