Post Office is withdrawing two of its 85 per cent loan-to-value products and introducing new rates tomorrow.

In an email to brokers the lender, which offers mortgages from Bank of Ireland, says that advisers wishing to make use of the current products must have applications fully submitted by 9am tomorrow.

The deals it is withdrawing are both for remortgage only at 85 per cent LTV.

They are:

• Two-year fixed rate at 2.24 per cent with no fee
• Five-year fixed rate at 2.34 per cent with no fee.

Post Office has yet to reveal the new rates on offer from tomorrow, however, brokers expect that they will be higher.