Post Office still bans islands’ mortgages 14/3/14
The Post Office has reversed its ban against offering mortgages for home buyers on Lewis and Harris.
But, despite widely promoting its financial products to islanders, the Government-
However, Hebrides News understands applications from the Southern Isles may be considered
on a case-
The Post Office -
The ban appears to be down to the Post Office suggesting a shortage of qualified surveyors in the islands to undertake home reports and property valuations.
It conceded a partial u-
Jean Urquhart said: “We desperately need alternatives to the big banks, and Post Office financial services could play a big role in that. It’s great news that many islanders will now have that greater choice.
“But many islanders are still excluded by the new rules, from Uist to Unst, from Great Cumbrae to Papa Westray. I’ll keep pushing to persuade the Post Office to stick to its roots as a truly universal service.”
She added: “I first raised this issue only two weeks ago, and the Post Office have listened and responded quickly. They’ve shown they are willing to engage, and I understand they are keeping their island mortgage rules under review. So I would urge those islanders who are still excluded to contact the Post Office and tell them the demand is there.