Saturday, Oct 17, 2009

Irish taxpayer props up British mortgage market. Hope they don't send applications out by post.

Times: Post Office sets up bank deal for assault on the mortgage market

The Post Office is to launch a major assault on the mortgage market on Monday with its first tracker deal and a rate cut on some existing products. Its aim is to become one of the Britain’s top ten lenders, approving at least £3 billion worth of home loans by the end of next year. The Post Office expansion into the mortgage market is being financed by Bank of Ireland, now rescued by the Irish Government, as part of a joint venture.

Posted by wanderinman @ 02:56 PM (879 views)
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2 Comments

1. techieman said...

Now we KNOW its all over.......

Saturday, October 17, 2009 03:03PM Report Comment
 

2. cynicalsoothsayer said...

£3 billion is sod all.

Saturday, October 17, 2009 05:46PM Report Comment
 

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