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Bank of Ireland UK to widen Post Office for Intermediaries distribution

Martin Greenland | 14:48 Monday 16th April 2018

Bank of Ireland UK and Post Office have announced that they will be widening the distribution footprint for Post Office for Intermediaries .

The Post Office in partnership with Bank of Ireland UK will see Post Office for Intermediaries offered to major distributors and networks.

The announcement was made at an event on Monday 9th April which was attended by representatives of LSL, Connells, Tennet, Countrywide, Openwork, Sesame Bankhall, Intrinsic, PTFS, Paradigm, SimplyBiz, Mortgage Intelligence and Post Office for Intermediaries' existing distribution partner Legal & General Mortgage Club.

Richard Rowntree, managing director at Bank of Ireland UK Mortgages, said: “In partnership with the Post Office, we are taking another significant step forward to help deliver outstanding outcomes for more customers by combining the trusted brand of the Post Office, strong service, relationship and product expertise, and the professionalism of the mortgage intermediary.”

The Post Office has also announced the launch of two new products.

The Post Office family link will help customers who have good affordability, but are struggling to save for a deposit, to get on the property ladder themselves by allowing them to raise a 10% deposit against a close relative's unencumbered property.

The Post Office retirement link will allow retired customers to take out a residential mortgage and use a portion of their pension to help fund it.

“The launch of these two new products will help customers to enjoy and make the most of their lives by solving the very real challenges we know they're facing today,” said Owen Woodley, chief executive of financial services and telecoms at the Post Office.

“Furthermore, by working with mortgage intermediaries, we'll be able to offer potential and existing UK homeowners greater access to Post Office mortgages.”

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