20 August 2017
visit www.avoka.com

Post Office begins selling mortgages in branches

09 August 2012  |  5003 views  |  0 handshake

The UK Post Office is taking on high street banks with the introduction of in-branch specialist mortgage advisers.

The Post Office already sells mortgages online and over the phone but hopes that by bringing in specialists to its huge branch network it can offer a "genuine alternative" to the banks.

Specialists are being introduced in five large branches in Birmingham, Solihull, Walsall, Luton and Norwich this week ahead of a wider roll out to hundreds of sites.

The Post Office's new mortgage software will enable customers to find out how much they could borrow and view product features and repayments on screen. Within a few minutes they can get a printed Approval in Principle or have the opportunity to submit a full application.

Mike Cook, head, mortgages, Post Office, says: "By introducing Mortgage Specialists in our branches, we are taking the next step in fulfilling our ambition to become one of the best providers in the market place and to be a genuine alternative to the established high street providers."

The Post Office is just one of many outsiders seeking to compete with unpopular UK banks. Earlier this week, Tesco began offering home loans, while fellow retail giant Marks & Spencer is also offering banking services.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Tesco launches mortgage range

Tesco launches mortgage range

06 August 2012  |  4964 views  |  0 comments
Virgin Money opens first store

Virgin Money opens first store

09 July 2012  |  11613 views  |  0 comments
Marks & Spencer to move into high street banking

Marks & Spencer to move into high street banking

08 June 2012  |  10826 views  |  0 comments
Flagging contactless gets a boost from UK Post Office

Flagging contactless gets a boost from UK Post Office

31 May 2012  |  9143 views  |  1 comments
For banking start-ups, the word 'bank' has become a business liability

For banking start-ups, the word 'bank' has become a business liability

22 November 2011  |  8828 views  |  1 comments
UK government outlines plans for Post Office 'people's bank'

UK government outlines plans for Post Office 'people's bank'

29 March 2010  |  9283 views  |  3 comments
Post Office bank plan unveiled

Post Office bank plan unveiled

02 December 2009  |  5114 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10143 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8507 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8166 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8151 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7429 views comments | 15 tweets | 14 linkedin