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Post Office Money launches market-leading BTL mortgage deals

Press Release   •   Jan 31, 2017 13:15 GMT

Post Office Money will launch a new range of competitive buy-to-let (BTL) mortgages on Friday, including four market leading deals designed to offer great rates and keep initial expenses down for the cost-conscious property investor.

Post Office Money’s new BTL mortgage products are designed for those buying their first BTL property, or someone who aspires to own one or two investment properties, and combine manageable upfront costs with great ongoing value.

Market-leading rates include:

  • 60% LTV three-year fixed rate at 2.28% (£995 fee)
  • 70% LTV two-year fixed rate at 1.93% (£995 fee)
  • 70% LTV five-year fixed rate at 2.78% (£995 fee)
  • 75% LTV two-year fixed rate at 1.98% (£995 fee)

Other new deals introduced include:

Post Office Money also offers no fee B2L products as well as the option of assistance with valuation and legal fees, for those who want to keep upfront costs down even further.

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 adviser 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

Owen Woodley, Managing Director Post Office Money said: “Property is still an attractive investment for many; however factors such as the increased stamp duty tax on additional properties mean people are shopping around for the best deal to keep costs down. We are continuing to improve our mortgage offering across the board to help customers make their buy to let aspirations a reality. We know that many of our BTL customers will be first time landlords and as a result, we have aimed our new market-leading deals at the ‘cost conscious aspirational investor’.”

Ends

About the Post Office

Post Office Limited has an unrivalled national network of over 11,600 branches across the UK, more than all the high street banks combined, and sits at the heart of many communities across the country.

It provides around 170 different services and products spanning financial services including savings, insurance, loans, mortgages and credit cards. Post Office also offers Government services, telephony, foreign currency, travel insurance and mail services.

99.7% of people live within three miles of their nearest Post Office outlet. For many rural communities the Post Office is the only retail outlet. Post Offices remain highly valued and trusted and are the focal point for many communities. For more information, visit www.postoffice.co.uk.