Mortgage rates cut by the Post Office

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.
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Monday, 16 August 2010 12:00

The Post Office has revealed it has reduced its rates across trackers, buy-to-let mortgages and fixed-rates.

Effective immediately, the changes have been made to coincide with the launch of a new 65 per cent loan-to-value (LTV) deal with a direct best buy rate of 2.85 per cent.

All ranges up to 85 per cent LTV across two, three and five-year options are applicable for the fixed-rate cuts, while lifetime trackers are reduced at 80 per cent, 85 per cent and 90 per cent LTV.

Marco Hughes, director of personal lending at the Post Office, said the mortgage range is often reviewed to offer greater choice and value for money.