View more on these topics

Bank of Ireland expands Post Office distribution


Bank of Ireland UK is widening the distribution of its Post Office for Intermediaries arm.

The expansion will see Post Office for Intermediaries products offered to large distributors and networks by the end of June.

The firm currently only distributes through Legal & General Mortgage Club.

Post Office will partly use its widened distribution to sell two new products.

One is Post Office Family Link, to help children get onto the housing ladder.

Family Link lets customers raise a 10 per cent deposit against a close relative’s unencumbered property.

The second is Post Office Retirement Link.

Retirement Link lets retired customers take out a capital repayment or interest-only residential mortgage and use part of their pension to fund it.

The maximum loan is £500,000. The interest-only option has a maximum LTV of 30 per cent up to age 80. Both options have a maximum LTV of 50 per cent up to the age of 90.

Post Office chief executive of financial services and telecoms Owen Woodley says: “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.

“Furthermore, by working with mortgage intermediaries, we’ll be able to offer potential and existing UK home owners greater access to Post Office Mortgages.”



Post Office launches seven-year fix

Post Office Money Mortgages is launching a range of loans, including its first seven-year fixed rate. The seven-year mortgage is fixed at 2.59 per cent at 75 per cent LTV. It has early repayment charges of 4 per cent until 30 November 2020, 3 per cent until 30 November 2022 and 2 per cent until […]


Post Office Money hikes BTL loan limits

Post Office Money is changing its lending criteria, including increasing its maximum buy-to-let loan size. The Bank of Ireland UK arm says in a broker note that from yesterday morning it has raised its buy-to-let maximum loan limit to £500,000. The note says that buy-to-let borrowers now have an increased maximum portfolio value, £1.5m. The […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • Graham Kennedy 10th April 2018 at 11:12 am

    I will wait to see if they are available to Directly Authorised Intermediaries before I get too excited.