UK Post Office cuts mortgage rates

The Post Office in the UK has cut the introductory rates across its range of mortgages for both fixed rate and tracker products. Following the launch of its expanded range in October last year, the Post Office has cut the rates on its two, three and five year fixed rate deals for 60% loan to value (LTV) and its tracker deals for 60% and 80% LTV. The Post Office has also reduced the rate of its 80% LTV 5 year fixed.

All Post Office mortgage customers benefit from a low fixed arrangement fee of just £599.

Post Office head of lending, Az Alibhai said: “Since announcing our expanded range we have seen a great deal of interest from both new and existing Post Office customers. These rate changes are a clear sign we are committed to offering competitive and market leading rates across our range, giving customers both great value and a wide range of choice.

“Unlike some lenders, all our mortgages come with an up front low fixed arrangement fee making it easy for customers to understand the overall total cost of their mortgage.”