Post Office unveils mortgage range for brokers

From Monday (2 June) the Post Office will offer rates from 1.98 per cent for a two-year fixed and from 3.15 per cent for a five-year fixed through advisers.

For those looking to remortgage, the Post Office will offer a two-year fixed rate at 2.58 per cent or a five-year fixed rate at 3.38 per cent both of which come without product arrangement or value fee and will have legal fees paid by the lender.

First-time buyers can access a 3.79 per cent two-year fixed rate up to 90 per cent loan-to-value with a fee of £495.

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Buy-to-let products will also feature with a two-year fixed rate from 3.15 per cent with LTVs of 60 per cent and 75 per cent.

John Willcock, head of mortgages at Post Office, said: “Buying a house is a big decision and we recognise the importance of offering customers a choice in how they do this.”

Jeremy Duncombe, director of Legal & General Mortgage Club, adds: “It is great to see this exclusive distribution agreement launch with a range of excellent products.

“It is a broad range, covering purchase, remortgage, first time buyer and buy-to-let and all offer great flexibility to the customer. The products are very competitive, and we expect them to create good demand from our members.”