View more on these topics

Post Office launches direct-only three-year fix at 2.48%

The Post Office has launched a new range of direct-only residential and buy-to-let products, including a 75 per cent LTV residential three-year deal at 2.48 per cent.

A £1,495 fee is attached to the 75 per cent LTV deal.

The new range also includes a 75 per cent LTV two-year fix priced at 1.98 per cent, with £995 fee attached.

Also included in the residential range is a three-year fix at 60 per cent LTV priced at 2.98 per cent, while a five-year option is offered at 3.59 per cent. Both products are fee-free.

In the buy-to-let range, a five-year fix at 60 per cent LTV is offered at 3.75 per cent. A 75 per cent LTV option is priced at 4.09 per cent. Both products carry a £1,995 fee.

Post Office head of mortgages John Willcock says: “We are always looking for opportunities to review our product range so that we can offer our customers the best mortgage possible.”

Recommended

Martin-Reynolds-700.jpg

New calls for lenders to hike proc fees

Industry experts have renewed calls for lenders to pay higher procuration fees due to the additional work involved in processing cases post-MMR. Taking part in a panel session at the Financial Services Expo in London today, experts suggested lenders should recognise the work brokers do by paying more commission. Mortgages for Business managing director David […]

Wilson
1

Halifax to refund cost of valuation for FTBs and homemovers

Halifax Intermediaries is offering to refund the cost of valuation for first-time buyers and homeowners borrowing more than £200,000. The fee will be paid directly to the customer upon completion. For people purchasing in Scotland, a refund of £250 will be made. The offer applies to a select range of two-year fixed rates between 60 […]

Mark-Carney-with-bank-note-in-background-700.jpg

BBA says exclude HNW clients from new LTI cap

The British Bankers’ Association has urged the Bank of England to exclude high-net-worth clients from its new LTI cap. From October, lenders must limit the volume of loans they originate above 4.5 times income to 15 per cent of new lending. While the BBA says it “broadly supports” the limit on high-LTI lending, it says […]

MS_cover_011014

Leader: Have a say on second charge

Last week the FCA published its proposals for the regulation of the second charge market. By large, the new framework mirrors that of the first charge market, particularly in areas such as income verification, affordability checks and disclosure requirements. It even includes a new requirement for all sales to be advised. The regulator has said […]

hastings logo

Case study – employee engagement platform centralises benefits for higher uptake

Learn how Hastings Academies Trust adopted an employee engagement platform to reinforce unity among new and veteran employees with bespoke branding and segmentation technology. Download the free case study to learn how you too can: Strategically use branding to unite a spread out workforce and reinforce key values among staff Target your message to the […]

Newsletter

News and expert analysis straight to your inbox

Sign up