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Post Office ramps up its lending products

18 August 2010
Written by rosalind renshaw

The Post Office has cut rates across its fixed rates, trackers and buy-to-let mortgages as it ramps up its efforts to become a leading mortgage lender.

The changes take effect immediately and coincide with the launch of a new 65% LTV deal with a direct best-buy rate of 2.85%.

The fixed rate cuts apply on all ranges up to 85% LTV across two, three and five-year options. Lifetime trackers are reduced at 80%, 85%, and 90% LTV.

Examples of the best rates on offer include a two-year fixed rate at 3.95% on 85% LTV.

Marco Hughes, Post Office director of personal lending, said: “We constantly review our mortgage range to ensure we are offering customers choice and value for money.”

 
Post Office mortgages are offered in conjunction with the Bank of Ireland.

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