Post Office launches new 75% LTV mortgages
Friday, 19 February 2010 12:00
The Post Office has unveiled a series of new 75 per cent loan-to-value (LTV) mortgages and has cut the rates on a number of its other products.
Among the new deals is a tracker with a rate of 3.19 per cent, while customers who prefer fixed-rate mortgages can choose from two, three and five-year deals starting at 3.89 per cent.
In addition, the Post Office has slashed rates on its two, three and five-year fixed products for 60 per cent LTV along with its 80 per cent two-year fixed deal.
Alastair Watts, mortgages manager at the organisation, said the new mortgages and lower rates will help those struggling to get on the property ladder.
"The addition of our new 75 per cent LTV range means we can now offer mortgages to an even broader range of borrowers whilst continuing to provide competitive rates and long-term value," he stated.
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