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Post Office

Post Office


Post Office Money is a financial services sub-brand that’s owned and operated by Post Office Ltd. Providing many of the services that would be expected of a major bank or building society, Post Office Money offers a variety of credit cards, current accounts, insurance products, mortgages and personal loans.

Financial Services Offered by the Post Office

Bridging Loans from the Post Office

These are loans that are typically required to fund property deals. They are primarily used for covering short-term financial gaps, hence the use of the word ‘bridging’.  They are usually needed for terms lasting between 2 and 3 months. In a scenario where a borrower needs to make a deposit on a new mortgage facility prior to selling an existing property, Post Office bridging loans can be the suitable funding option.

What are the associated Interest Rates?

Owing to the unique nature of bridge funding the interest is normally much higher than loans acquired from traditional lending facilities such as Santander, Barclays and the Yorkshire Bank. You may, in some instances, ask for the interest payments to be ‘rolled up’. When this happens, the interest is not paid on a on a monthly basis but, instead, an accrued sum that is expected to be paid at the end of the required bridge loan term.

This can be highly useful for borrowers who do not have access to the necessary funding at the beginning stages of applying for and receiving the funds.

Who Can Apply for Post Office Bridging Finance

Individual borrowers and limited companies may request bridge finance online.  In most cases, the online application process for bridging finance is quick and straightforward to complete. A Post Office bridge loan may be used for virtually any purpose you have in mind, assuming the applicant is aged 18 or over and the intended purpose is approved by the lender.

Bridging loans typically involve some type of asset as security such as property or land. Bridge loans are always provided as secured loan types. This means that the lender will often require first or second charge over the security provided by the applicant. If the borrowing party is a company, the financer may require additional guarantees. The idea is that providing security for the loan ensures the bridging loan will be repaid. Without owning any of the required assets, a bridge loan applicant will be unable to continue with their request for funding.

The prominent concern for bridge fund lenders is how and when the money lent will be repaid. All online bridge loan providers want to ensure that any funds lent will be repaid on time as agreed.

The security itself is also used in order to calculate the LTV of the bridging loan provided, which works similarly to a secured loan such as a mortgage offered by a large High Street bank such as the Royal Bank of Scotland or the Halifax.

The Loan to Value illustrates the size of the loan offered in direct accordance with the equity available in the security that the borrower is able to offer.

Our Post Office Bridge Loan Calculator

The calculator we offer is user friendly and will demonstrate the interest fees charged and any additional costs. There are many bridge loan providers operating in the UK market which each offer varying interest rates along with different costs involved with rates of interest along with any other costs involved with a given product.

These charges can differ dramatically, which makes it rather difficult to offer a loan quoting system that will provide the actual costs involved with each individual application. You should also be aware that bridge finance calculators are only designed to provide an approximate guide. However, ours is based upon the most popular bridging plans at the current time of writing.


In addition to the interest rate, you’ll also be expected to pay a number of different fees when applying for a bridging loan online, including all or some of the following costs:

Commercial Loans from the Post Office

Post Office business or commercial loans are short term, and are often renewable once matured. Business loans are used to fund capital expenditures.

A credit union or high street bank is typically the most appropriate source for this type of funding.

Any assets belonging to a business can be used to as security for such a loan. To qualify for a business or commercial loan, the company in question should be seen as a viable credit risk. When deciding on how feasible a business is in terms of being a good or bad credit risk, a commercial loan officer will look at a number of financial details, including recent tax statements and a business plan.

Online Loan Calculator

An online loan calculator is useful for comparing loans that are to be paid back between 1 and 25 years.

The APR that a lender will charge depends on your current circumstances, and will usually be between 3.5% and up to 100%. The cost of a given finance package will vary according to the amount you want to borrow and the length of time that you are borrowing for.

You can also input your monthly budget and the calculator will indicate the amount you can borrow whilst also informing you the period of time you can take out the loan over. Online loan calculators may be used for all manner of financing products, ranging from secured homeowner and commercial loans, through to unsecured personal loans.

Mortgages from the Post Office

Commercial Mortgages with the Post Office

A commercial mortgage, or business mortgage, is a specialist borrowing product for owner-occupiers. They are intended for companies and individuals who are re-mortgaging or buying a property that will be used for a company. Business mortgages may also be granted to those in possession of mixed use properties.

Available Types of this Financing Product:


Post Office Business or Commercial Mortgages that an owner-occupier may apply for are usually available for two primary business purposes: when a company wants to purchase a property that it operates from, or intends to buy a new building for relocation purposes.

Residential buy-to-let

Another usage of a commercial mortgage is where a company wants to buy a residential property with a view to renting the building out – either en masse or to a number of separate tenants.  This particular type of financing is useful for landlords or commercial buy-to-let firms.

Commercial buy-to-let

Similar to the above, a commercial mortgage can be used for business buy-to-lets.  A typical example is where a company is looking to purchase a warehouse or storage facility with the intention of renting it out to another business in order to generate additional income.

Online Mortgage Calculators

Mortgages are always a substantial financial commitment. With regards to this, you need to be aware of exactly how much your mortgage will cost. The simplest method of discovering how much a mortgage will set you back is by using a mortgage calculator. These can be used for practically every conceivable mortgage type available, ranging from first-time buyer mortgages – through to buy to let or landlord mortgages.

Will the mortgage you apply for cover the cost of buying your perfect property? If so, are you worried about the size of your monthly repayments?

Even if you’re an experienced investor or a first-time buyer, online mortgage calculators can assist you with working out the figures involved with borrowing.  A mortgage calculator is exceptionally simple to use and will provide an instant insight into the cost of repayments based on the amount required and the length of time you wish to borrow over.

This invaluable tool, often referred to as an APR or re-mortgaging calculator, is useful for several mortgage types – ranging from Buy-to-Let to First-Time-Buyer product. Always remember that these tools simply offer a quick indication of the amount you’ll need, because different mortgage providers have different ways of examining how much you can borrow and what they will charge.

Buy to Let Mortgages from Post Office

Post Office offers a number of different buy to let mortgage products that you can choose from, so you can be sure that you have the right one for your needs. They offer a 25% deposit with an LTV of 75%, a 30% deposit with an LTV of 70%, and a 40% deposit with an LTV of 60%. All of these will have their own time frames, benefits, rates, and charges that you will be expected to pay, so choosing the right buy to let mortgage for your needs is important.

The Lending Criteria

The age range for customers applying for a buy to let mortgage is 21-80. Post Office will closely review your application to ensure that you are able to make your payments each month and they will also make sure that you do not have too much debt compared to your income. You have to live in a home that you own and your ability to pay your payments is based on the rental income that you will receive. The income has to be at least 145% of your monthly interest that you will be paying. With a term limit of 5-35 years, this mortgage is great for short or long-term needs.

Help-to-Buy Loans from the Post Office

A Help to Buy loan is designed to help first-time buyers get on the property ladder or buy a new home without a huge down payment.

The Help to Buy scheme is built up from three main parts:

Do I qualify?

To be eligible for Help to Buy, you need to:

Help to Buy equity loans are among the most popular paths on to the property ladder and are available to those who want to purchase a new-build home. These loans work like this:

Homeowner Loans from the Post Office

The majority of us might need to apply for a loan at some point in our lives, whether this is to purchase something expensive such as a vehicle, or for some type of home improvement or debt consolidation.
If you have a mortgage already, or own a property outright, gaining access to borrowed funds is often significantly cheaper and more straightforward.

Being a homeowner means that you’re able to apply for a loan secured against equity in a property. You’ll often be expected to make consistent repayments on a monthly basis, and the term of the loan can extend from five to thirty years.

Main points:

Career Development Loans from the Post Office

A Professional and Career Development Loan can give you the leg up you need to change your career as the Government pays the interest while you’re studying the course. These are bank loans to pay for training and courses that help get you into work or help with your career. For the duration of your course the Skills Funding Agency pays the loan interest. Then, it is your responsibility to pay back the loan with interest.

What Courses Can I Apply For? To be given a career development loan, your course must help with your career – however it does not need to lead to a qualification.

Examples of eligible learning consist of:

You could always check with your course provider to find out if a course may qualify for a career development loan.

How to Apply

While many of the financial products and services provided by Post Office Money can be applied for online, others require in-person meetings or telephone consultations. In any case, we can help you pinpoint and apply for the perfect product for your needs. Give a member of our customer support team a call today, or send us an email with an outline of your loan requirements.

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