Post Office offers 75% LTV five-year fix at 3.38%

13 February 2012 | By Natalie Thomas

Its five-year fixed rate also has a £995 fee.

The Post Office is also offering new 65% LTV two and three-year fixed rates with £995 fees.

Its new deals include:

• A two-year fixed rate with £995 fee at 2.73% up to 65% LTV
• Two-year fixed rate with £995 fee at 2.85% up to 75% LTV
• Two-year fixed rate with £995 fee at 3.29% up to 80% LTV
• Three-year fixed rate with £995 fee at 2.95% up to 65% LTV
• Three-year fixed rate with a £995 fee at 2.99% up to 75% LTV
• Three-year fixed rate with a £995 fee at 3.69% up to 80% LTV
• Three-year fixed rate with £995 fee at 3.89% up to 85% LTV
• Three-year fixed rate with £995 fee at 4.89% up to 90% LTV
• Five-year fixed rate with £995 fee at 3.38% up to 75% LTV
• Two-year tracker with £995 fee at 3.19% up to 80% LTV

Mike Cook, head of Post Office mortgages, says: “We’re really pleased to be able to expand our range and offer some very low rates across our fixed rate and tracker mortgages for those with varying deposits. The Post Office mortgage book has grown significantly since launch and we’re now looking to expand our business to a wider range of customers.

“Our new mortgage range offers several best buy rates, and with a new selection of fee-assisted products we are able to help people avoid the up-front costs that can be so restrictive when looking to re-mortgage or move home.

“Some have no arrangement, standard valuation or standard legal fees, or include £300 cashback.  Moneyfacts’ data shows the average borrower’s SVR is currently 4.80%, so our new range can offer significant savings over the life of a mortgage.”  

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