Post Office unveils 90% LTV mortgages

Britannia and Co-operative Bank launch 90% LTV mortgages

Britannia and The Co-operative Bank have announced the addition of 90 per cent loan-to-value options for several of their mortgages.
Chelsea BS unveils 85% LTV mortgages

Chelsea Building Society has launched a series of mortgages offering loan-to-values of up to 85 per cent.

Wednesday, 12 May 2010 12:00

The Post Office has announced the launch of a new range of mortgages with a 90 per cent loan-to-value (LTV).

It includes two, three and five-year fixed-rate options with rates varying between 5.45 and 5.99 per cent, as well as a tracker product at 5.49 per cent.

The Post Office has also added more mortgages to its 85 per cent LTV range and cut the rates on all of its fixed-rate deals with 75 and 80 per cent LTVs.

Remortgage borrowers who opt for a five-year fixed mortgage will not pay fees.

"We're offering more affordable rates that will allow more borrowers the opportunity to take out a mortgage with a smaller deposit," says Marco Hughes of the Post Office.

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