Post Office launches buy-to-let and residential range

Post Office Money has launched a new range of competitive residential and buy-to-let mortgage rates.

This is part of his continuing bid to become one of the UK’s leading financial services providers and includes two buy-to-let deals.

John Willcock, head of Post Office Money Mortgages, said: “We know the market changes rapidly and we regularly review our range of mortgage products, to ensure we’re offering our customers value.

“Our research has revealed that the additional costs of moving home now stand at a huge £11,894, which is why we have ensured that a number of our residential mortgages come without arrangement fees."

The two new buy-to-let deals are a two-year fixed rate charging 2.45% to 70% LTV and a five-year fix at 3.69% to 75% LTV, both with a £1,995 fee.

Other buy-to let-deals include:

60% LTV 3.49% five-year fixed rate mortgage (£495)

70% LTV 3.29% two-year fixed rate mortgage (no fee)

70% LTV 2.99% three-year fixed rate mortgage (£1,995)

70% LTV 3.69% five-year fixed rate mortgage (£495)

Post Office Money has also launched high-LTV rates with no fees including:

80% LTV 2.09% two-year fixed rate mortgage

80% LTV 2.15% two-year fixed rate mortgage

80% LTV 2.59% three-year fixed rate mortgage

85% LTV 2.29% two-year fixed rate mortgage

85% LTV 2.59% two-year fixed rate mortgage

85% LTV 2.75% three-year fixed rate mortgage

85% LTV 2.95% three-year fixed rate mortgage

85% LTV 3.18% five-year fixed rate mortgage

90% LTV 3.39% two-year fixed rate mortgage

90% LTV 3.85% three-year fixed rate mortgage

90% LTV 3.86% five-year fixed rate mortgage