UK Post Office reduces its buy to let rates by massive 0.8%

Landlord Expert
By Landlord Expert August 31, 2010 11:16

The UK Post Office has reduced its buy to let mortgage rates, knocking down the interest it charges by an impressive 0.8% figure.

The Post Office has also reduced rates for its fixed-rate and tracker mortgages, and introduced a two-year fixed-rate loan of 2.85% which has jumped straight up there as one of the best mortgages on offer, for anyone borrowing up to 65% of the home’s value. It comes with a £1,495 arrangement fee.

The changes have taken effect immediately as the Post Office makes a bold move to compete more effectively in the UK mortgage and buy to let market.

“We constantly review our mortgage range to ensure we are offering customers choice and value for money. Through these latest reductions, customers can benefit from our lowest fixed rate ever, at just 2.85% for two years,” says Director of Personal Lending Marco Hughes.

Landlord Expert
By Landlord Expert August 31, 2010 11:16

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