Bank of Ireland UK and Post Office have revealed they are widening the distribution footprint for Post Office for Intermediaries.
Post Office for Intermediaries will be offered to major distributors and networks in a roll-out that will start immediately and is expected to be completed by the end of June.
Distributors at the launch event yesterday were LSL, Connells, Tenet, 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 for 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.
“Working together, we have undertaken extensive customer research to understand what aspects of the mortgage market are just not working for our customers.
“That research showed that for many, helping children get onto the housing ladder was a key priority, whilst for others being able to borrow into later life was important. Using our detailed customer insights, we are now bringing to the market two new propositions – Post Office Family Link and Post Office Retirement Link, and making them available through an expanded Post Office for Intermediaries distribution.”
Owen Woodley, chief executive of financial services and telecoms at Post Office, added: “The Post Office has been helping customers with what matters most to them for over 350 years. 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.”