The Post Office has made its fourth rate cut of the year to its fixed rate mortgages. It reduced the rates on its two and five year fixed rate deals at 60%, 75% and 80% LTV.

The Post Office’s director of personal lending, Marco Hughes, said: “We believe in offering customers long-term value and we have demonstrated this by cutting our mortgage rates for the fourth time this year. When combined with our low revert rate these reductions further prove our commitment to providing genuine value