It will also expand its lower loan to value range while maintaining a range for first-time buyers.
The largest cut is to its 5-year fixed rate deal at 75% LTV, a reduction of 1.01% from 4.39% to 3.38%.
The Post Office has also launched a 2-year fixed rate deal at 2.73% available at 65% LTV, and a 2-year fixed rate deal at 2.95% also available at 65% LTV. Both deals come with a £995 fee.
These three products are the lowest fixed rates ever offered by the Post Office.
Mike Cook, head of Post Office Mortgages, said: “We’re really pleased to be able to expand our range and offer some very low rates across our fixed rate and tracker mortgages for those with varying deposits.
“The Post Office mortgage book has grown significantly since launch and we’re now looking to expand our business to a wider range of customers.
“Our new mortgage range offers several best buy rates and with a new selection of fee-assisted products we are able to help people avoid the up-front costs that can be so restrictive when looking to remortgage or move home.
“Moneyfacts’ data shows the average borrower’s SVR is currently 4.80% so our new range can offer significant savings over the life of a mortgage.”
