Bank of Ireland UK to rollout new build offering to all brokers

20 June 2018

Bank of Ireland UK announces the rollout of its new build proposition following a successful pilot.

From today, new build mortgages are available to all brokers registered to submit business with Bank of Ireland for Intermediaries. The proposition includes the Help to Buy: Equity Loan scheme and will be launching in England, Wales and London.

The new build pilot ran for eight months to allow enough time for end to end cases to complete and feedback from brokers to be evaluated to help shape the new process.

Alison Pallett, Director of Sales comments, “At Bank of Ireland UK, we’re committed to providing solutions to brokers’ needs to help them serve more customers. We’ve worked in partnership with our intermediary partners involved in the pilot to improve our criteria with regard to incentives, LTVs and affordability calculations. Plus we’ve created a dedicated new build team to deliver the specialist service we know new build requires. We’ve worked hard to develop a proposition that will benefit both brokers and their customers.”

Craig Hall, New Build Manager at Legal and General Mortgage Club says “Legal & General Mortgage Club have been delighted to assist Bank of Ireland UK with the delivery of their new build proposition. This further compliments their market offering, making it easier for intermediaries and their customers.

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.