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POST OFFICE MONEY LAUNCHES BEST IN MARKET MORTGAGE DEALS

Press release   •   May 28, 2015 08:44 BST

  • Post Office Money’s latest mortgage range includes market-leading deals
  • Deals mark its commitment to becoming a top five financial services provider by 2020 by offering competitive products

Post Office Money has announced the launch of several table-topping deals, as it seeks to challenge traditional high-street competitors.

The market-leading deals include:

  • 60% LTV 1.08% two-year tracker mortgage (£1,995)
  • 75% LTV 1.25% two-year tracker mortgage (£995)
  • 85% LTV 1.99% two-year fixed rate mortgage (£1,495)
  • 90% LTV 2.59% two-year fixed rate mortgage (£1,495)
  • 90% LTV 3.69% five-year fixed rate mortgage (£1,495)

Other competitive rates set to launch include:

  • 60% LTV 1.17% two-year fixed rate mortgage (£1,995)
  • 75% LTV 1.35% two-year fixed rate mortgage (£1,495)
  • 75% LTV 2.25% four-year fixed rate mortgage (£1,495)

Customers can pick up information about the new mortgage range and rates online at postoffice.co.uk/mortgages or from one of over 11,500 Post Office branches across the UK. Customers can also arrange a call-back from a mortgage specialist at the call centre, via all branches, or call the Post Office directly on 0800 077 8033. Terms and condition can be found at postoffice.co.uk.

John Willcock, Head of Post Office Money Mortgages, said: “Our research shows that one in five UK adults (18 per cent)* plan to move or buy their first home this year, as such we are committed to providing these people with the most competitive deals. Post Office Money has a range of products suited to the diverse needs of the UK’s potential buyers and our new range is further evidence of our commitment to providing the best value possible."

Ends.

*Research conducted by Opinium on behalf of the Post Office between 14th to 17th November 2014. 2,003 online interviews of UK adults over the age of 18. Results have been weighted to nationally representative criteria.

About the Post Office

The Post Office (Post Office Limited) has an unrivalled national network of over 11,500 branches across the UK, more than all the high street banks combined, and sits at the heart of communities in Northern Ireland, Scotland, Wales and England. The Post Office has made a commitment to maintaining its network of branches at its current size and reach. It provides around 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.

The Post Office serves over 17 million customers a week and a third of small businesses. Some 99.7% of the total population live within three miles of a post office and over 97% live with one mile of a post office. For many rural communities, the post office is the only retail outlet. Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information, visit http://www.postoffice.co.uk/.

Please note the Press Office team can only deal with enquiries from the media.  Unfortunately they do not have access to customer information so can not help with customer enquiries.

If you have an enquiry regarding any Post Office product or service please visit postoffice.co.uk or call 0845 611 2970 Local call rates apply. Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes.

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