Post office as a lender

Alphamare

Do you do it alone or go via a broker?

They have 5 year fixed for 4,75 no fees! Repayment on 135000 of just over 705£. Much better than our broker got us of repayment just over 600£ on same fix for 112000! Right?

The online calculator says they will offer 190k! Way more than we want. And 700£ is very affordable it's same as our rent!

Thoughts? Thank you money saving friends

callmechar

I have a mortgage with Post Office. Applied directly on their website and I was really impressed by the speed of the application process. Had no issues (so far) with them

CKhalvashi

I'd go for the cheapest overall deal you can get, with the longest fix, as it looks like the rates will rise next year.

CK

jonathan_1983

I'm in the process of remortgaging with the Post Office. I also applied online and went for the 75% LTV 5 year fixed deal with no fees.

The process has been very quick so far. As soon as I send the Post Office and/or their solicitors the paperwork or forms they want, it's dealt with straight away. The same for the valuation; it was done quickly and got the valuation I was after.

The only thing I would recommend is if you need to contact their solicitors, get the email of the person dealing with your case; they are difficult to get hold of on the phone!

Very impressed so far. just final details now so fingers crossed!

Alphamare

I was kind of hoping that they allow you to use your own solicitors!? Like a panel as our solicitor is bey good, and her firm is on a lot of panels. How do I check as no point paying two lots of solicitors fees.
Do you mean the underwriter?

jonathan_1983

You will be allowed to use your own solicitor, I just used theirs as it was free. (Valuation was free too by the way).

Alphamare

Oh that's great to hear. May be worth using theirs as would lower our bill for our solicitor I would assume?

Is their borrowing calculator accurate? Thankfully says a fair bit more than we want.

callmechar

the solicitor I used was on their panel so did not have to pay for their solicitors fees

Alphamare

So does anyone know if puts office is a broker or apply alone lender? I know some only deal with the customer directly?

Is their online calculator reasonably close to what they will lend in real life?

Thank you

callmechar

Alphamare wrote: »

So does anyone know if puts office is a broker or apply alone lender? I know some only deal with the customer directly?

Is their online calculator reasonably close to what they will lend in real life?

Thank you

The Post Office mortgages are from the Bank of Ireland.

jonathan_1983

To also add to the above comment, when I queried whether my mortgage advisor could run me a quote with the Post Office, he said he doesn't deal with them; hence the reason why I went without the mortgage advisor.