The Post Office has made immediate rate cuts to its range of fixed rate mortgages.

This includes a cut of 1% to its five year 80% loan to value mortgage.

Following cuts to the range at the end of January and February, the Post Office has further reduced the rates on all of its two, three and five year fixed rate deals at 60%, 75% and 80% LTV. There have also been cuts to the three and five year fixed rate buy-to-let deals at 75% LTV as well as the launch of a new three year and five year fixed rate buy-to-let mortgages at 60% LTV.

It is now offering a two-year fixed rate at 4.15% (80% LTV), a three-year fixed rate at 4.09% (60% LTV) and a five-year fixed rate at 4.89% (80% LTV).

The Post Office director of personal lending, Marco Hughes, said: “We believe in offering great rates not only for the initial period but across the life of the mortgage. With speculation mounting that the base rate will move up in the next few months these new rates give our customers a fantastic opportunity to lock in a deal now.”””