Post Office rolls out new mortgage range
The Post Office says it is rolling out a new mortgage range, following a two-year pilot in various regions of the UK.
The offering includes a base rate tracker, two and three-year fixed-rate loans and a five-year fix at up to 60% loan-to-value ratio, at 5.09%. A £599 fee applies to all.
The lender claims the five-year fix is a market leader, as is its current reversion (or standard variable) rate of 2.49%.
According to Az Alibhai, head of lending at the Post Office: “As our revert rate is currently the best in the market and tied to the base rate, customers on fixed-rate deals won’t be in for any nasty surprises once their initial rate period ends and can expect good long-term value.”
Information about all Post Office mortgages is available at branches, online and by phone.
Larger branches have staff on the premises who can deal with enquiries.