Is the Post Office going to offer one of the Best First Time Buyers' Mortgages?

Could the Post Office be about to offer one of the best first time buyer mortgages on the market?

Business Secretary Lord Mandelson announced in March following the Labour budget a major expansion of the financial services offered by the Post Office, which considering over 99 per cent of the UK population lives within three miles of a Post Office branch could mean access to 90% loan-to-value ratio aimed at first-time buyers. The Post Office will also increase its lending substantially, aiming to double the value of its mortgage book in the financial year 2010/11.

For more details on the proposals, read on ......