Remortgagers to benefit from extra Post Office lending

Posted on Tuesday, June 25 by Joy Tibbs

The Post Office has announced its intention to boost the mortgage market by lending £2.5 billion by the end of the year.

The Post Office will increase the amount it lends in response to unprecedented demand from remortgage customers, home movers and first-time buyers. It will also build on the success of its Mortgage Specialists service, launched in five branches in August 2012. Fifty mortgage specialists will be in place by the end of June, with plans to increase this number by the end of the year in branches across the country.

John Willcock, head of Post Office Mortgages, said: “We want to become a top-ten mortgage provider and continue to provide customers with some of the best mortgage deals in the marketplace. The market is growing and we fully intend to increase our presence in this space, by continuing to listen to our customers and offer the deals they want, in the way they want.

“We have seen our business grow considerably over the last six months. No two mortgage customers are the same, and by offering them the choice of taking out a mortgage online, through a contact centre, or face-to-face through one of our mortgage specialists, we are able to ensure that we’re providing the best possible service to those making one of the biggest financial decisions of their lives.”

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