Post Office Money has launched a new range of buy to let mortgages at what it claims are market-leading rates.
Most of the Post Office’s buy to let mortgages come with paid valuation fees and cashback offers.
A few are available with no product fee. At 60% LTV (loan to value), you can get a two-year fixed rate at 1.33% or a three-year fixed rate at 1.99%.
If you’re putting up a 30% deposit, you can get a 70% LTV two-year fixed rate at 1.78%, a three-year fixed rate at 2.28% or a five-year fixed rate at 2.73%.
At 75% LTV, the Post Office is offering a two-year fixed rate at 1.68% and a three-year fixed rate at 2.38%.
After the initial term, all Post Office mortgage products revert to 4.74% – the Bank of England base rate plus 4.49% – for the rest of the mortgage term.
Owen Woodley, managing director of Post Office Money, said: “At Post Office Money, we know that property is an attractive investment for many people.
“This new range has outstanding choice and value to support investors, whether it’s buying your first investment property, or adding to your existing portfolio.
“With Post Office Money, you can expect market-leading rates and different combinations of fee free options, cashback, paid valuation fees and paid legal fees.
“We have a range of information available online, and advisors available over the telephone or in a number of Post Offices around the country ready to help.”