View more on these topics

Seeing BoI pretend to be the Post Office makes me feel sick

Regarding your story that the Post Office is launching a new range of mortgages (Mortgage Strategy Online), every time I see Bank of Ireland pretending to be the Post Office I feel rather sick.

This is the lender that claimed to be deleveraging from the UK when the market most needed funds and the one that claimed that it was no longer using brokers.

Also, its range is primarily being marketed on a non-advised, execution-only basis and aimed mainly at first-time buyers and others who most need advice.

Earlier this spring we had the incredible spectacle of a government minister – Lord Peter Mandelson – advertising Post Office mortgages. Presumably, he does not have to follow promotional rules.

It’s a disgrace and let’s hope the new government presses the regulator to stop letting this foreign bank ride roughshod over our market.

STUART DUNCAN

Recommended

1

Network directors deserve credit for preserving our jobs

Having read with interest the comments made on Mortgage Strategy Online in the past few weeks regarding Home of Choice I think it’s time to applaud the directors. They have done a good job in bringing the company back from the brink and safeguarding the livelihoods of those who worked under the Home of Choice […]

PAUL HUNT, MANAGING DIRECTOR, PHOEBUS SOFTWARE

Be prepared for job cut consequences

The cuts are coming. With the election over we can expect the public sector to take a beating. You only have to look at Greece for a taste of what we can look forward to. There, 25% of the workforce is employed in the public sector and the cuts the government will have to make […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]

Newsletter

News and expert analysis straight to your inbox

Sign up