The Post Office will be looking at filling the gap in the market left after Northern Rock’s recent decline and will offer its own mortgage service to those in the North East of England after teaming up with Bristol & West bank.
If the trial in north-eastern England shows promise, then the service will begin to be offered nationwide.
Mortgages will only be available to those with no history of credit problems and anyone wanting a 95% mortgage or less.
Read more here at Post Office to launch loans
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