Bank of Ireland for Intermediaries launches product transfers

12 October 2016

Product transfer

Take advantage of quick offers, an online application process and early booking. 

How it works

We’ve launched product transfers as part of Bank of Ireland UK’s ongoing commitments to listen and act on feedback from our strategic partners. We want to make meaningful improvements to our offering to make your life easier.

The new process includes a retention procuration fee for brokers who advise existing Bank of Ireland UK customers to transfer to a new deal with us.

Alison Pallett, Director of Sales at Bank of Ireland for Intermediaries, says:

The payment of a procuration fee on product transfers recognises the additional work brokers are now required to carry out when offering full advice to their customers. This is the right thing to do and we are pleased to introduce the payment with immediate effect.
We have close working relationships with our partners’ networks and continually introduce improvements in response to changes in the market and to make it easier for brokers to do business with us.

Product transfer

Take advantage of quick offers, an online application process and early booking. 

How it works

Change to your customers’ mortgage payment

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Following the Bank of England Base Rate (BBR) change announced on 11th March, if your customers have a mortgage with us that’s on our Standard Variable Rate or is linked to the BBR, their monthly payment will change from 1st of April 2020. They should have received a letter from us by now telling them how much their new monthly payment will be. We’ll write to them by 9th April if the BBR cut announced on 18th March also affects them.