Bank of Ireland for Intermediaries announces improved product range

04 May 2016

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Bank of Ireland for Intermediaries is making wide ranging improvements to its current product range (with effect from Friday April 29th).

The Bank will now pay the valuation fee on all new Bank of Ireland for Intermediaries Help to Buy mortgages and give borrowers a £400 cashback on completion. The products are available under the Government’s Help to Buy scheme and have no arrangement fees.

The new products are part of the Bank’s commitment to supporting First Time Buyers with rates starting from 3.74% for 2 years fixed.

Bank of Ireland for Intermediaries has also launched a new range of 2 year Buy to Let fixed rates, with improved rates of up to 0.32%, aimed at having the broadest appeal to intermediaries and their customers. The new improved range of Buy to Let products also includes a highly competitive rate of 1.97% and features a 60% LTV product with free fees for borrowers looking to remortgage.

The improved offering on Bank of Ireland for Intermediaries products extends to all residential mortgages with rates reduced by up to 0.20%, and cashbacks improved from £300 to £400. The increased cashback feature responds directly to feedback from brokers who wish to offer Bank of Ireland UK products to customers who are remortgaging and need help to pay their legal fees in full.

Mark Howell, Director of Marketing and Customer Management said:

We work closely with our broker partners, taking on board their feedback and we are delighted to be able to offer them a new and improved set of Bank of Ireland for Intermediaries products. Our new range offers intermediaries and their customers excellent rates across all product areas, supporting Britain’s First Time Buyers, movers, those remortgaging and Buy-to-Let landlords.
What’s more, our award winning mortgage application system has made the mortgage application process extremely efficient for brokers, halving the time it takes and increasing the number of instant applications accepted.
We expect this new product range to be very popular with our broker partners and we are looking forward to providing excellent service along with these very competitive rates.

For all press enquiries, please contact Sara Holland on 07831 718436 or email sara.holland@boi.com.

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