Post Office Offering Lowest Ever Fixed Rate Mortgage Deal

Post Office Offering Lowest Ever Fixed Rate Mortgage Deal

Post Office Top Mortgage Charts

The Post Office has cut the rates on a variety of its mortgage products and are now offering their lowest ever fixed rate mortgage deals, taking some of their mortgage products to the top of the best-buy mortgages tables.

The Post Office says it will now be offering their best ever mortgage range, slashing rates among its mortgage products.

Three of its fixed rate mortgage products are now the best mortgage deals available in the UK mortgage market.

Topping the list are the 2 year fixed rate mortgage deals that have no arrangement fee.

The market-leading products are:

  • 3.19% for 80% loan-to-value (LTV) borrowers
  • 3.49% for 85% LTV borrowers,
  • 5 year fixed rate, (£995 fee), at 2.85% for 75% LTV borrowers.

Head of Post Office Mortgages, John Willcock, said: “Post Office’s new mortgage rates are our best ever and offer a range of deals for potential homebuyers, whatever their situation. The rates on many of our products have been significantly reduced, while some are also fee-free. Buyers are hungry for a good deal and our new rates offer some of the most competitive in the market. The diversity of our range means whether you’re hunting for your first ever home or looking to move, there is something suitable for your needs. We put our customers first and want to offer the best mortgage range possible to help them buy their property in the way that suits them best.”

There was also good news for second step buyers or property owners who require a re-mortgage for their existing property, as the Post Office’s new fixed rate mortgage deal of 1.7%, for 60% LTV borrowers over 2 years has also been launched. However, there is an arrangement fee for this mortgage product of £1,995 (GBP).

The final cut by the Post Office was for a five year fixed rate mortgage at 3.69% for 85% LTV, with a £995 (GBP) arrangement fee.

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