Post Office launches competitive new mortgage deals
Post Office has expanded its mortgage range to include new buy-to-let and residential mortgage deals, including a market leading three-year fixed rate deal (75% LTV). The latest range highlights Post Office’s dedication to challenging traditional high street lenders by offering competitive products that suit a variety of customer needs.
Its market-leading three year fixed deal is a 75% LTV mortgage at a rate of 2.48% (£1,495 fee). Other products include a 1.98% two year fixed rate mortgage at 75% LTV (£995 fee), which features in the best buy tables.
Other new products include:
Residential
2.98% three-year fixed rate mortgage at 60% LTV (no fee)
3.59% five-year fixed rate mortgage at 60% LTV (no fee)
Buy-to-let
3.75% five-year fixed rate mortgage at 60% LTV (£1,995 fee)
4.09% five-year fixed rate mortgage at 75% LTV (£1,995 fee)
Post Office has continued to position itself as a force to be reckoned with in the mortgage market over recent years. Notable milestones in 2014 alone include the unveiling of a highly competitive range available through brokers, signing up to the government’s Help to Buy scheme, recruiting over 100 mortgage specialists and re-entering the Buy-to-Let market.
John Willcock, Head of Post Office Mortgages, said: “In a competitive market it is important to stand out, and with our rates and service offering we are able to offer customers an alternative to traditional high-street lenders, whether they’re looking for a residential or buy-to-let mortgage. We’re dedicated to ensuring customers feel they are in safe hands when it comes to taking out a new mortgage and hope that with these new rates they also know they are getting the best deal.”
“At Post Office, we are always looking for opportunities to review our product range so that we can offer our customers the best mortgage possible. We recognise what an important and occasionally daunting process finding a new mortgage can be, and so offer several means of support so that people can buy in the way that suits them best.
“We are committed to offering customers the best deals and service across our full range of financial services products, whatever their needs. Whether they’re looking for a new mortgage, current account, or way to manage their savings, we recognise that no two customers are the same. By giving them the choice of contacting us online, over the phone or in one of our 11,500 branches we are able to cater to their needs.”
For more information, visit postoffice.co.uk/mortgages.