The Post Office is to join the government’s Help to Buy Scheme with its financial services partner, Bank of Ireland UK.
Since launching mortgages in 2009 the Post Office has continued to offer some of the best rates for first time buyers. In October it further reduced its five year fixed rate mortgage at 4.45% (90% LTV) providing those with a smaller deposit an opportunity to get their first foot on the property ladder.
Throughout 2013 the Post Office has remained at the top of the best buy tables with some of the most competitive rates in the market supporting first-time buyers, movers and remortgage customers.
As well as joining the Help to Buy Scheme, the Post Office will increase its number of branch Mortgage Specialists to 100, to deal with ever increasing demand for face to face consultations nationwide. This is a significant move for the Post Office as it aims to become one of the top ten providers of mortgages in the UK.
Post Office’s Mortgage Specialists mark its continued commitment to changing the way mortgages are sold throughout the network, by providing customers with a genuine alternative to major high street banks. Mortgage Specialists are available to discuss each individual’s needs and answer questions to help customers make informed decisions about products.
John Willcock, Head of Mortgages at Post Office said: “Joining the Help to Buy scheme is the latest in a series of steps to affirm Post Office as the go-to mortgage provider for those wanting to get their first foot on the property ladder. Coupled with the increased number of Mortgage Specialists to cope with unprecedented demand from movers, first-time buyers and those looking to re-mortgage, Post Office will provide more customers with the chance to speak to experts about the options available, consolidating its position as a leading player in the market.”
Nick Fahy, Distribution Director, Bank of Ireland UK commented: “Bank of Ireland UK is delighted to be joining the Help to Buy scheme with the Post Office, its long-term financial services partner.
Making Post Office Mortgages available through the government’s Help to Buy scheme is a natural step in our continued commitment to helping customers across the 11,500-strong branch network to gain access to a broad range of value for money financial products and services.