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.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Wyelands Bank completes $12m trade finance deal
Wyelands Bank has provided a trade finance deal for Canon Garth worth up to $12m annually...
The UK's SME productivity challenge
There are many millstones hanging around the neck of Britain’s economy in early 2019...
Metro Bank, Starling and ClearBank awarded £280m of funding
Metro Bank has secured £120m in funding from Banking Competition Remedies Limited (BCR)...
Falcon Private Bank to discontinue UK operations
Falcon Private Bank has decided to discontinue its UK operations and sell the assets of its London-based subsidiary, Falcon Private Wealth Ltd, to Dolfin Financial (UK) Ltd...
Revolut CEO calls for specialised tech visas
Nik Storonsky, CEO at Revolut (pictured above), has called on the UK government to introduce specialised visas for technology professionals...
Aldermore appoints new head of intermediary distribution
Aldermore has appointed Nick Parker (pictured above) as its new head of intermediary distribution within its retail mortgage business...
Ipswich Building Society to develop enhanced savings proposition over next two years
Ipswich Building Society has confirmed that it will develop an enhanced savings proposition over the next two years, with a focus on both digital and face-to-face services...
BTR: Tenant poacher or happy bedfellow?
The sand has been shifting so much under the feet of private landlords that many may believe they are becoming an endangered species...
Paragon bolsters asset finance team
Paragon has appointed Jan Greenhalgh as head of new business within its asset finance division...
Gatehouse Bank appoints new director
Gatehouse Bank has appointed Roger Evans (pictured above) as its new director of home finance distribution...
Rob Lankey to join Shawbrook as director of commercial investment
Shawbrook has announced that Rob Lankey (pictured above) will join as its new director of commercial investment at the end of February...