Post Office, along with its financial services partner, Bank of Ireland, is re-entering the buy-to-let mortgage market on February 14.
The new offering of two, three and five year fixed rate products will be available online or over the phone. The loan-to-values are 60 per cent and 75 per cent and some products come without an arrangement fee and include a free valuation and legal package.
John Willcock, head of mortgages at Post Office, said: “Post Office’s mortgage offering has gone from strength to strength since its launch. We constantly review our product range and move quickly to respond to customer demand and changes in the market. There has been a significant increase in the demand for buy-to-let mortgages in the last 12 months as more borrowers begin to consider the rental market.
“We are committed to offering all borrowers competitive mortgages that address their needs – whether they’re a first-time buyer, someone looking to move up the property ladder, or someone looking to take out their first buy to let mortgage.”
Post Office began offering mortgages in 2009 and plans to grow its mortgage business to become a top 10 lender.
