Plans for Post Office to be mortgage front runner

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The Government wants the Post Office to offer a wider range of financial services products and become a more significant player in the mortgage market.

The Government has opened a public consultation on what it calls "this Great British institution" to seek views on how it can operate in the future. Business Secretary Lord Mandelson says: "Growing financial services at the Post Office will help secure the future of the network and give people access to a full range of banking products at an institution they trust and value." Other proposals include forging a closer link between the Post Office and credit unions, making it easier for credit union account holders to access their accounts when not in their local area. Mandelson says ...

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