Post Office cuts fixed mortgage rates again

Post Office cuts mortgage rates by up to 1.01%

The Post Office has announced cuts to many of its fixed-rate and tracker mortgages of up to 1.01 per cent in a move that sends many products to the top of the best-buy tables.
Post Office cuts fixed and tracker mortgage rates

The Post Office has cut its mortgage rates by as much as 1.24 per cent as part of a radical shake-up of its home loan products.

Thursday, 08 April 2010 12:00

The Post Office has announced another cut for its fixed mortgage rates.

Representing the fourth reduction of the year, the changes mean that homebuyers can now benefit from initial rates starting at 3.15 per cent for two-year products at loan-to-values (LTVs) of 60 and 75 per cent.

The reduced rates also apply to two, three and five-year fixed mortgages with LTVs of 60, 75 and 80 per cent.

"When combined with our low revert rate, these reductions further prove our commitment to providing genuine value not just for the initial period, but throughout the life of the mortgage," says Marco Hughes of the Post Office.

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