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POST OFFICE MONEY LAUNCHES NEW MORTGAGE DEALS

Press release   •   Sep 29, 2015 15:57 BST

Post Office Money has today launched a new range of competitive mortgage rates, as it continues its bid to become one of the UK’s leading financial services providers.

The new range of mortgage deals includes:

  • 60% LTV 1.45% two-year fixed rate mortgage (£995)
  • 60% LTV 1.15% two-year fixed rate mortgage (£1,995)
  • 75% LTV 1.85% two-year fixed rate mortgage (no fee)
  • 75% LTV 2.58% five-year fixed rate mortgage (£1,495)
  • 80% LTV 1.68% two-year fixed rate mortgage (£1,495)
  • 85% LTV 1.88% two-year fixed rate mortgage (£1,495)

Buy-to-let mortgage rates include:

  • 60% LTV 2.18% two-year fixed rate mortgage (£1,995)
  • 60% LTV 2.35% two-year fixed rate mortgage (£1,495)
  • 60% LTV 2.79% three-year fixed rate mortgage (£1,495)
  • 60% LTV 3.39% five-year fixed rate mortgage (£1,495)

Customers can pick up information about the new mortgage range and rates online at postoffice.co.uk/mortgages or from one of over 11,500 Post Office branches across the UK. Customers can also arrange a call-back from a mortgage specialist at the call centre, via all branches, or call the Post Office directly on 0800 077 8033. Terms and condition can be found at postoffice.co.uk.

John Willcock, Head of Post Office Money Mortgages, said: “Our research shows that UK adults now expect to be 36 years old when they take their first steps on the property ladder, with some unsure if they will ever begin the climb. We know homeownership can seem a distant goal for many, and so want to do everything we can to help – including offering some of the market’s most competitive deals.

“Post Office Money has a range of products suited to the diverse needs of the UK’s potential buyers and our new range is further evidence of our commitment to providing the best value possible."

Ends. 

About the Post Office

The Post Office (Post Office Limited) has an unrivalled national network of over 11,500 branches across the UK, more than all the high street banks combined, and sits at the heart of communities in Northern Ireland, Scotland, Wales and England. The Post Office has made a commitment to maintaining its network of branches at its current size and reach. It provides around 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.

The Post Office serves over 17 million customers a week and a third of small businesses. Some 99.7% of the total population live within three miles of a post office and over 97% live with one mile of a post office. For many rural communities, the post office is the only retail outlet. Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information, visit http://www.postoffice.co.uk/.

Please note the Press Office team can only deal with enquiries from the media.  Unfortunately they do not have access to customer information so can not help with customer enquiries.

If you have an enquiry regarding any Post Office product or service please visit postoffice.co.uk or call 0845 611 2970 Local call rates apply. Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes.

About Post Office Money

Post Office Money, launched in January 2015, brings together all of Post Office’s multi-award winning financial products under one umbrella as it seeks to become one of the leading financial services providers by 2020. Post Office Money will be available at thousands of branches within Post Office’s network, as well as over the phone or online.

Bank of Ireland has supported customers in the UK for many decades and is the exclusive financial services partner to the Post Office Money. Bank of Ireland primarily operates in the UK through its wholly owned and separately incorporated subsidiary Bank of Ireland (UK) plc, which is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Activities related to the Post Office Money partnership are conducted within this entity and as such, all retail deposits up to £85,000 with Post Office Money are protected under the UK’s Financial Services Compensation Scheme. At 31 December 2013, Bank of Ireland (UK) plc had a loan to deposit ratio of 86% with customer deposits of c. £21 billion utilised to fund customer lending of c. £18 billion (primarily comprising c. £13 billion of UK residential mortgages).  

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