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Age of becoming mortgage-free goes through roof

Age of becoming mortgage-free goes through roof



- Two in five of us now don’t expect to be mortgage free until well into our 60s
- Huge change since mortgage-free average age of 51 a generation ago
- Four in five UK homeowners still aspire to own their home outright
- Today’s generation take out first mortgage later – at average age of 33


Over a third (35 per cent) of homeowners in the UK expect to be well into t

All inclusive reality check:holidaymakers may save money by swapping all inclusive for B&B and eating in local restaurants.

All inclusive reality check:holidaymakers may save money by swapping all inclusive for B&B and eating in local restaurants.

- All Inclusive holidays not always cheapest: 2013 Post Office® All Inclusive Report shows one week savings of £648 in the Algarve by NOT booking All Inclusive
- £104.5 million extra paid out for a la carte meals on All Inclusive holidays to avoid buffet boredom
- Over 2-in-5 adults have taken All Inclusive trips: 15.3 million of them paid for extras
As more holidaymakers choose All Inclu

Sun-starved holidaymakers will flee country on 12th August despite heat of the moment

Sun-starved holidaymakers will flee country on 12th August despite heat of the moment

- Study pinpoints dash date for depressed UK
- 28 per cent still believe the UK has the worst weather in the world
- Weather raining on two thirds of people’s moods
- 45 per cent crying out for a one-stop shop for holiday essentials
The recent return of the sun won’t stop the people of the UK jetting off to catch some more reliable rays – and Monday 12thAugust* marks their most likely

Lowest ever mortgage rates from post office are best in market.

Lowest ever mortgage rates from post office are best in market.

- Post Office shakes up the mortgage market with rate reductions on fixed-rate and tracker products
- Great news for customers as best rates mean best mortgage deals
The latest reductions in mortgage rates from the Post Office make it the best value in the market as it continues to offer the most competitive deals to customers.
A new two-year tracker mortgage has been introduced at 1.94%

Post Office statement on findings of interim report into Horizon computer system

Post Office statement on findings of interim report into Horizon computer system

- The Post Office today issued the following statement in response to the publication of an interim report into alleged problems with the Horizon computer system, which is used to record transactions in its branch network.
The Post Office today issued the following statement in response to the publication of an interim report into alleged problems with the Horizon computer system, which is used

Parents to shell out £460 entertaining kids this summer holiday

Parents to shell out £460 entertaining kids this summer holiday



- £460 will be spent by parents entertaining their own and other people’s children this summer
- On top of this, mum and dad’s taxi service will spend an average £119 on petrol
- Some are considering taking a mortgage holiday or skipping household bill paymentsto fund entertainment



As kids’ excitement builds in the lead up to the summer holidays, many parents (56 p

Negative equity holds back second-time buyers

Negative equity holds back second-time buyers



- Over a quarter of second-time buyers are finding it hard to move because of negative equity or stagnant house prices
- Just under a third are struggling with costs involved in moving
- One in 12 are relying on financial help from family to fund their move


Over a quarter (28 per cent) of second-time buyers could be stuck on the first rung of the property ladder becaus

Post Office launches new issue of table topping online savings accounts

Post Office launches new issue of table topping online savings accounts

- Three new Online Bonds
- Best Buy rates for one and two year terms
- Very competitive 2.20% AER* for the three year Online Bond
The Post Office has today launched a new issue of its Online Bonds. Three new accounts feature market leading rates and are available to customers immediately.
The Online Bonds offer Best Buy rates for one and two year terms, with a very competitive 2.20% AE

Scots are big spenders on holiday - splashing more cash  than other UK tourists

Scots are big spenders on holiday - splashing more cash than other UK tourists



- Post Office® Scottish Family Holiday Report 2013 finds that Scots spend 27 per cent more while on holiday than other UK tourists
- Budget-watchers will find cheapest prices in Bulgaria’s Sunny Beach for the third year running


As Scottish schools prepare to break up for the summer, research for the third annual Post Office Scottish Family Holiday Report has found that Sc

Post Office to lend £2.5bn as mortgage demand grows

Post Office to lend £2.5bn as mortgage demand grows

- Post Office intends to lend £2.5bn to mortgage borrowers by year end
- Fifty mortgage specialists in place by end of June
- The Post Office has today launched a major assault on the mortgage market with its intention to lend £2.5bn by the end of the year.
Post Office will increase the amount it lends in response to unprecedented demand from movers, first-time buyers and those looking to

Revellers put expensive gadgets at risk

Revellers put expensive gadgets at risk



- Over 16 million will be attending a UK festival or event this summer
- Tech-dependent festival goers will take an average £524 worth of gadgets
- One in four have lost possessions or been a victim of theft


As the festival and summer events season gets underway, research from Post Office has revealed that festival goers will pack their rucksacks with an average £524 w

Post Office launches 'Get Connected' to the internet campaign

Post Office launches 'Get Connected' to the internet campaign

- Supporting the 16 million people in the UK who have either never used the internet or have limited internet skills and knowledge
- First time UK's 5,000 courses and access points joined up and made available as a walk in service
- 11,800 branches can issue details of nearest internet support

The Post Office is committed to supporting the 16 million people without internet skills or

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