19 Aug

Post Office 'gives homebuyers value mortgages'

Post Office 'gives homebuyers value mortgages'

Homebuyers looking to purchase a house for sale in the UK have been encouraged to sign up to a Post Office mortgage after it revealed its latest offers.

Earlier this week, the mortgage provider announced it has cut its rates across fixed-rate, tracker and buy-to-let mortgages.

It also launched its latest product, which allows borrowers to take out a mortgage with a loan-to-value (LTV) of 65 per cent at a rate of 2.85 per cent.

Marco Hughes, Post Office director of personal lending, said: "Through these latest reductions, customers can benefit from our lowest fixed rate ever."

He added that these changes were intended to provide borrowers "value for money" throughout their mortgages.

The Post Office also announced its latest tracker 90 per cent LTV mortgage, which is aimed directly at first-time buyers who would only need a deposit of ten per cent.

This is likely to attract many people wanting to step on to the property ladder after Ray Boulger, a spokesman for John Charcol, said big deposits are creating problems for first-time buyers.ADNFCR-1222-ID-800032047-ADNFCR

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