Post Office Rolls Out New Extended Mortgage Range Across UK

20/10/2009

Royal Mail is in the news again, perhaps for all the wrong reasons, but the Post Office, a separate company within and part of the Royal Mail group has just announced that, as part of its development of financial services, following a successful regional trial it is expanding its range of mortgage products.

Information will be available at all 12,000 Post Office branches across the UK, with dedicated staff available at over 250 larger branches to help customers with their mortgage enquiries. Customers will also be able to arrange a call-back from a mortgage specialist at their contact centre, via all branches.

Products include a base rate tracker, two, three year and five year fixed rate deals with a fixed arrangement fee of £599.      Link to Tables

Post Office Head of Lending, Az Alibhai said: "Homebuyers across the UK can now take advantage of the Post Office’s range of competitive mortgages, available through our unrivalled branch network, online and by phone. We offer a choice of different products to meet different borrowing needs and all customers can benefit from our low fixed arrangement fee.

"What’s more, as our revert rate is currently the best in the market and tied to the base rate, customers on fixed rate deals won’t be in for any nasty surprises once their initial rate period ends and can expect good long term value.

A range of Buy To Let products will continue to be available.

Need tax advice as well?

The Post Office is also in talks with HM Revenue and Customs (HMRC) about the viability of providing tax advice and additional services in the certain Post Offices.

Most Post Offices currently provide a wide range of financial services, such as insurance, savings products, credit cards and foreign currency.

One wonders when they will decide to go into funeral arranging, as they do most things now or will Tesco pop up with this one?