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
Coutts partners with Mortgage Brain to offer products to intermediaries
Private bank Coutts has partnered with Mortgage Brain to make its products available – via the latter’s platforms – to UK intermediaries...
Charter Savings Bank launches two new accounts
Charter Savings Bank has introduced two new accounts: a 95-day notice account and a three-year fixed rate cash Isa...
FP Show reveals its largest and most diverse conference programme
The Finance Professional Show has confirmed its largest conference programme to date, hosting a selection of varied sessions throughout the event next month...
47% of SMEs prepared to move away from traditional banks
Almost half of SMEs in the UK (47%) would move to a challenger/digital bank or non-banking brand if they decided to switch, according to the latest research by Unisys Corporation...
Monese launches business account
Monese has launched a business account in the UK which will be bundled with its personal banking account...
Metro Bank provides £14m facility to support London office acquisition
Metro Bank has provided Kingsway Properties London with a £14m investment facility to support the acquisition of a five-storey office building in central London...
Tandem introduces new credit card blocking feature
Tandem has created a new card-blocking feature for its banking app which allows customers to react instantly to a misplaced card...
Trinity College Dublin secures €100m EIB facility
The European Investment Bank (EIB) has provided a €100m long-term loan to Trinity College Dublin for four capital developments across the campus...
Arbuthnot Banking Group completes testing phase of direct deposits business
Arbuthnot Banking Group has announced that the internal pilot offering of its direct deposits business will commence soon...
Anna to launch business current account for creative UK SMEs
Hybrid digital assistant Anna has announced plans to launch a UK business current account aimed exclusively at supporting SMEs in the creative industries...
Masthaven reaches £500m in assets
Masthaven has announced that it has generated £500m in assets driven by the growth in its diversified lending across short-term and long-term property finance...