The Post Office, in partnership with its financial services provider Bank of Ireland UK, is to widen distribution through the Legal & General Mortgage Club.
The launch through the Legal and General Mortgage Club will initially be through its appointed representatives, before rolling out to its Nouveau and directly authorised brokers.
Post Office will offer a range of first time buyer, mover, remortgage and buy-to-let products via a full online application system that offers decisions, application in principal to full application and case tracking though the Virtual Office online tool.
The Post Office Mortgages website postoffice4intermediaries.co.uk will be open for registrations from 8 May.
John Willcock, head of mortgages at Post Office, said: “Entering this relationship is a very important step for the Post Office as it shows we are continuing to challenge the mortgage market.
“Our business has gone from strength to strength over recent years, and this latest step will help to cement our position as a major player in the mortgage market.”
Alison Pallett, mortgage product director at Bank of Ireland, added: “We are excited to be partnering the Post Office Mortgages brand with Legal & General with whom we intend to build a reputation for offering competitive products backed by great service.”
Jeremy Duncombe Director of Legal & General Mortgage Club said: “Today’s announcement is further evidence of Legal & General’s ability to attract a major brand to our panel bringing increased choice for our appointed representatives, Nouveau and directly authorised mortgage brokers.”
