Post Office slashes rates

Robyn Hall

September 12, 2013

The 60% loan to value mortgage has been reduced from 1.70% and has a £1,995 product fee.

The Post office has also reduced the rate on its 3-year 75% LTV fee assisted fix from 2.99% to 2.75%.

The rate on its 2-year fixed rate mortgage (60% LTV, £1,995 fee) has been reduced from 1.70% to 1.63%, and its 3-year fixed mortgage at 75% LTV (£0, fee assisted) has seen its rate reduced from 2.99% to 2.75%.

John Willcock, head of Mortgages at the Post Office, said: “This has been an excellent year for Post Office mortgages; we have consistently offered some of some of the best rates in the market.

“We continue to offer a range of great value deals for potential homebuyers, whatever their situation.

“When it comes to buying a home, every penny counts and we are committed to helping our customers to move up the ladder which is why many of our rates have been reduced, and some deals are free of arrangement fees.

“The diversity of our range means we have deals for everyone from first-time buyers through to those looking to move home or remortgage.”

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