The Post Office has revealed details of a new range of home loans as it attempts to bolster its position in the mortgage market.
The lender has announced a "market-leading" three-year fixed rate deal at 75% loan-to-vale charging just 2.48%, with a £1,495 fee.
Alternatively, its new two-year fix, also at 75% LTV, charges just 1.98% interest a year and carries a £995 fee.
John Willcock, head of Post Office Mortgages, said: "In a competitive market it is important to stand out, and with our rates and service 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."
The Post Office is also offering fee-free fixed-rate mortgages: over three years, borrowers can pay 2.98%, or 3.59% over five years.
Each of these loans is available up to 60% LTV.
Willcock added: "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."
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