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Post Office mortgage scheme extended to Bute

The Post Office has announced that mortgage deals already widely available on the UK mainland will be made available to customers on Bute, and several other Scottish islands, for the first time.

The Post Office has announced that mortgage deals already widely available on the UK mainland will be made available to customers on Bute, and several other Scottish islands, for the first time.

 

The Post Office has extended the availability of its mortgages to Bute, and several other Scottish islands, for the first time.

The organisation had been criticised after it emerged that Skye was the only Scottish island where residents were considered eligible to take out a Post Office mortgage.

Now, following pressure from MPs and MSPs, the Post Office has announced that it will start offering deals, already widely available to mainland residents, to people living on Bute, Arran, Islay, Mull, Lewis and Harris, mainland Orkney and mainland Shetland.

But that’s still not enough for the Consumer Futures organisation, which represents consumers across regulated markets such as postal services, mortgages and utilities, and whose Scotland director, Trisha McAulay, said: “We are pleased Post Office Limited (POL) has responded swiftly to address our concerns on their lack of mortgage provision for all Scottish island communities.

“However, we urge them to review the remaining remote locations we have raised as being outside their financial product, to ensure all Scottish island communities are able to benefit from their mortgage services and are not disadvantaged in any way because of where they live.”

 

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