Post Office cuts mortgage rates

The Post Office has cut the introductory rates across its range of mortgages for both fixed rate and tracker products, with immediate effect.

Following the launch of its expanded range in October last year, the Post Office has cuts the rates on its 2, 3 and 5 year fixed rate deals for 60% loan to value (LTV) and its tracker deals for 60% and 80% LTV.  The 80% LTV tracker is currently the most competitive of its kind on the market.  The Post Office has also reduced the rate of its 80% LTV 5 year fixed.

Post Office Head of Lending, Az Alibhai said: "Since announcing our expanded range we have seen a great deal of interest from both new and existing Post Office customers. These rate changes are a clear sign we are committed to offering competitive and market leading rates across our range, giving customers both great value and a wide range of choice.

"Unlike some lenders, all our mortgages come with an up front low fixed arrangement fee making it easy for customers to understand the overall total cost of their mortgage."

Customers can pick up information about the mortgages range from any one of the 12,000 Post Offices branches across the UK, with dedicated staff available at over 250 larger branches to help customers with mortgage enquiries. Customers will also be able to arrange a call-back from a mortgage specialist at our call centre, via all branches.

New rates are available immediately from all main Post Office branches and online at postoffice.co.uk.