Post Office returns to buy-to-let market

Direct-only lender relaunches buy-to-let proposition

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The Post Office has returned to the buy-to-let sector, aiming to ‘challenge' traditional high street mortgage lenders.

The range of buy-to-let products will launch on Friday 14 February including fixed rate products at both 60% and 75% LTV for 2, 3 and 5 year mortgages. All products will be available direct or over the phone. The lender said that this move was the next stage in its growth plans and would provide further choice to borrowers. The Post Office confirmed last month that it hopes to be one of the ten biggest UK lenders by the end of 2014. John Willcock, head of mortgages at Post Office said: "Post Office's mortgage offering has gone from strength to strength since its launch. We const...

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