Post Office mortgage

RED28

I took out a mortgage with them a couple of years ago, application was very speedy, and have had no problems since. Mortgage was originally with Bristol & West but now Bank of Ireland.

kingstreet

Thrugelmir wrote: »

So many names of the past. Now demised.

I know. Just when we need the mutual movement to be expanding and working with local communities they all disappear...

DR_EVIL_2

Have been working on getting a mortgage for a while- having only just got Halifax to remove an incorrect late payment from my file. Am awaiting response from Kensington, but am tempted to look at the Post Office-

We need a min of 85% Ltv, but ideally 90%, affordability not an issue, but I do have one property let, with a mortgage secured against it, and a second property we currently live in which will be let once the new property completes, which will more than cover it's own mortgage cost.


Only blemish on credit file now is a one month late payment on a £500 credit card- which had a balance of £40 at the time- from last January. Anybody know what they are like with regards high LTV? Monmouthshire said no- the existing debt was too big... Broker seems to think Kensington should be ok if that's anything to gauge by..

little_miss_muppet_face

I have a 90% LTV with them, or will do when i move into my new house, My LTV was 21k and i put down 25k but still classed as a 90%LTV.

Good Luck. I was very happy with the service provided

Funkygibbon

I got a mortgage with them in May of this year. Couldn't fault them at all. Excellent service.

Leon_W

One word of caution in this Post Office love in.

Bank of Ireland are not the most financially stable institution out there. They recently sold a book of their mortgages to Nationwide subsiduary TMW and holders are now having their SVR increased from 2.99% to 4.99%.

Now, if you have a tracker or fixed rate mortgage that reverts to a percentage over the Bank of England base rate then all well and good. If your mortgage reverts to an SVR then beware, the lender can set this at whatever it sees fit. They also reserve the right to sell the loan on.