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Post Office Money has announced the launch of several table-topping mortgages as it seeks to challenge traditional high street competitors.

It says the deals mark its commitment to becoming a top five financial services provider by 2020 by offering competitive products.

Market-leading deals include:

60% LTV 1.08% two-year tracker mortgage (£1,995 fee)

75% LTV 1.25% two-year tracker mortgage (£995 fee)

85% LTV 1.99% two-year fixed rate mortgage (£1,495 fee)

90% LTV 2.59% two-year fixed rate mortgage (£1,495 fee)

90% LTV 3.69% five-year fixed rate mortgage (£1,495 fee)

Other rates:

60% LTV 1.17% two-year fixed rate mortgage (£1,995 fee)

75% LTV 1.35% two-year fixed rate mortgage (£1,495 fee)

75% LTV 2.25% four-year fixed rate mortgage (£1,495 fee)

John Willcock, head of Post Office Money Mortgages, said: "Our research shows that one in five UK adults plan to move or buy their first home this year, as such we are committed to providing these people with the most competitive deals.

"Post Office Money has a range of products suited to the diverse needs of the UK's potential buyers and our new range is further evidence of our commitment to providing the best value possible."

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