The Post Office has announced a new range of mortgages, which are available with immediate effect.
It has a range of 90 per cent loan-to-value (LTV) mortgages aimed at helping aspirant first-time buyers onto the property ladder and come with either a two or three-year fixed rate. The two-year rates are available at 3.48 and 3.69 per cent respectively, while the three-year version – which has no fee – has a 4.25 per cent rate.
Mortgages at 80 and 75 per cent LTV have also been included in the new range. An 80 per cent mortgage has a 2.55 per cent two-year fixed rate, or a 2.68 per cent three-year rate. The 75 per cent mortgages come with 1.99 per cent (two-year), 2.24 per cent (three-year) and 2.98 per cent (five-year) fixed rates.
Head of mortgages John Willcock said the introduction of new rates “highlights the Post Office’s commitment to putting our customers first and reinforces our position as not only one of the most competitive lenders on the market, but also one of the fastest growing”.