Post Office expands mortgage range

People looking to take their first steps on to the property ladder may be interested in a new 75 per cent loan-to-value (LTV) that is set to be made available by the institution.

This new deal is on offer both as a tracker with a rate of 3.19 per cent and a fixed-rate mortgage which can be taken over two, three and five years, with the rate beginning at 3.89 per cent.

Post Office mortgages manager Alastair Watts said: "The addition of our new 75 per cent LTV range means we can now offer mortgages to an even broader range of borrowers while continuing to provide competitive rates and long-term value."

Last month, the Post Office cut the rates on its mortgages, including on its five-year tracker with a LTV of 80 per cent.