We’ve partnered with Bank of Ireland UK to bring you a range of competitive mortgages. Together we have over 500 years of financial and transactional experience between us, but if that’s not enough,
here are some additional reasons why you should consider
a mortgage with us.
Key benefits
- Tailor made: our mortgages are developed with our customers in mind and available exclusively at the Post Office
- Quality service: you’ll get a dedicated case manager who’ll be with you throughout the application process
- Approval in minutes: we want to make the process as quick as possible so we’ll give you a decision in minutes when you apply online
Post Office® Mortgages are provided by Bank of Ireland UK.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Security and service
We want to help you get on the property ladder or move up it and we believe in providing quality products and customer service.
Our mortgages are provided in partnership with the Bank of Ireland UK, a financial institution with over 229 years financial experience and expertise.
Together with Bank of Ireland UK we provide a range of financial products including savings accounts, mortgages and insurance cover to over 2.8 million customers.
In 2011, over 40% of our mortgage customers were first time buyers.
Our competitive products
- Borrow up to 90% of the property value, plus you only need a 10% deposit, bringing your dream home within reach
- No Higher Lending ChargeA fee which may be charged if the amount borrowed is more than a given percentage of the value of the property. The lender will use the fee for an insurance policy to protect them against financial loss in the event of a borrower not meeting their mortgage payments. The fee is usually payable in full up front. You may be liable for any mortgage shortfall debt if after possession the sale proceeds are not enough to repay your outstanding debt. Choose a Post Office mortgage and the Higher Lending Charge is paid by us, the lender, on Loan to Value LTV mortgages above 75%. No Higher Lending Charge is payable on LTV mortgages up to 75%. See the Lending Criteria for more information. or booking fees; unlike many other providers, we won’t ask you to pay these charges and fees for any of our mortgages
- Competitive lending amounts, handy tools and no jargon. Check out our mortgage calculators 'How much can I borrow?' and 'How much would my monthly mortgage payments be?' to find out more.
How it works
Once you’ve submitted your application, you can get SMS updates, phone calls or letters on the progress of your mortgage application. You decide what works for you.
You could receive your offer within just 10 working days. What’s more, your offer is valid for 6 months so small delays in your purchase won’t cause you to lose your mortgage deal.
Our UK based call centre is staffed with our dedicated mortgage specialists
You can reach our mortgage specialists however you want, over the phone, online or in selected branches
Definitions
0800: Calls to 0800 numbers are free from a UK landline, mobile costs may vary. Calls may be monitored or recorded for training and compliance purposes.
Approval in Principle: An AIP verifies how much you could borrow based on what you have told us, performs various criteria and credit reference agency checks, and gives a decision to lend based on its findings.
APR: Annual Percentage Rate of charge – this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.
Arrangement fee: When you apply for your mortgage, lenders may charge you a fee for providing the loan. You can either pay this upon completion of your mortgage or add it to your loan. Our standard products include a £995 or a £1,495 arrangement fee, payable upon completion or added to the loan. Usually, legal and valuation fees will still apply but call us to confirm.
Fee assisted: Our fee assisted products have a £0 arrangement fee, a free standard valuation and if you’re remortgaging, free standard legal work via our nominated solicitors to help you keep the upfront costs down. You can upgrade to a full homebuyer survey for an additional fee – call us for more details.
Higher Lending Charge: A fee which may be charged if the amount borrowed is more than a given percentage of the value of the property. The lender will use the fee for an insurance policy to protect them against financial loss in the event of a borrower not meeting their mortgage payments. The fee is usually payable in full up front. You may be liable for any mortgage shortfall debt if after possession the sale proceeds are not enough to repay your outstanding debt. Choose a Post Office mortgage and the Higher Lending Charge is paid by us, the lender, on Loan to Value LTV mortgages above 75%. No Higher Lending Charge is payable on LTV mortgages up to 75%. See the Lending Criteria for more information.
LTV: This stands for Loan to Value. It’s the amount of mortgage expressed as a percentage of the value of the property or purchase price, whichever is lower. For example, a mortgage of £80,000 on a purchase price of £100,000 would be 80% LTV. If the valuation of the property is lower than the price you've agreed, the LTV will be based on the valuation.
No Arrangement fee: No arrangement fee products are just that, there’s £0 to pay. These are ideal if you want a smaller mortgage, or don’t want to pay an arrangement fee or to add one to your mortgage.
Overall cost for comparison: The total cost of a loan, including interest charges and product fees, shown as a percentage rate. The calculation assumes that you keep the mortgage for the full term. APR is the industry standard calculation and allows you to directly compare mortgages from all lenders.
Standard legal fees: If your mortgage states that standard legal fees are paid by the lender, we’ll pay the fees for remortgages via our nominated solicitors. Terms and conditions apply, please see our General Lending.
Standard valuation: Also known as a lender's valuation, this is a basic assessment that’s carried out on a property to establish its condition and value. This is done so a lender can decide whether to lend on the property.
