Post Office signs up to Help to Buy scheme
They were talking about the halal chicken jerk bagel as the ultimate fusion food on radio 4 today. This story which profiles the post office, much worried over in terms of the viability of its rural branch network, helping take forward the right to buy scheme which is potentially eroding the supply of rural affordable housing by driving up prices, has the feel of a strange and bewildering confusion of tastes and styles. It is both helpful in announcing a new product which increases the viability of the Post Office network and unhelpful in terms of its housing impact. We live in strange times!! This article tells us:
The Post Office has announced it will join the Government’s Help to Buy mortgage guarantee scheme, although it has not unveiled its rates.
The best Help to Buy rates, which are available to borrowers with a 5pc deposit, are currently HSBC’s two-year fix for 4.79pc and five-year fix for 4.99pc, both with a £99 fee.
The Post Office mortgages will be offered in partnership with Bank of Ireland UK. As well as joining the mortgage scheme, the Post Office said it is putting 100 mortage specialists in branches nationwide.