As part of a successful attempt to maximise profits and stay contemporary, the Post Office has quite recently started to offer a wide range of supplementary products and services to its customers, including personal loans, mortgages and additional borrowing products for UK homeowners. The latest financial services on offer under the Post Office monicker are currently provided by the Bank of Ireland with competitive rates for personal loans starting at just 3.6% (fixed).
If you are a UK homeowner and you are looking for a low cost, secured loan product then a Post Office remortgage is one of the most affordable options on the market. With the current LTV rates, you can now borrow up to 90% of the market value of your home. Of course, re-mortgaging is not for everyone and if you are only looking to borrow a small amount of money, in the region of £20,000 and above, you might be better off with a secured loan from a different provider.
With so many different direct lenders operating in the UK marketplace, comparing the overall cost of the various loan types available is certainly not for the feint of heart! However, there are a number of useful tools and online resources available, such as the Post Office secured loans calculator and the many loan comparison websites. If you are looking to save money on a secured loan, or an additional borrowing product such as a home improvement or debt consolidation loan from the Post Office, then the easiest solution is to talk to an expert such as an FCA regulated finance adviser.
At UK Property Finance, we work with a vast selection of mainstream banks and building societies, and an exclusive panel of private lenders, and this means we can offer the most competitive loans and secured borrowing products on the market. We are also FCA authorized and approved, and this means that we will always work in your best interests to ensure you get the best level of service alongside exclusive access to the most flexible and affordable secured loans currently available.