Friday, October 23, 2009
Attractive Mortgage Deals Introduced by the Post Office
On Monday, October 17th, the first tracker deal was launched by the Post Office in the framework of its strategy to break through onto the UK mortgage market. In the past months, the Post Office made any possible effort to become one of the top 10 lenders in Great Britain by approving an average of Â£3 billion of mortgage loans. The efforts of the Post Office are being backed up by the Bank of Ireland, which used to be in the top 10 of UK lenders before the beginning of the credit crunch as its total mortgage lending amounted to Â£9.2 billion; in February 2009 the bank lost its position.