New Build Loans

Emma Davey

New build mortgages are now available to all brokers registered to submit business with Bank of Ireland for Intermediaries. This includes the Help to Buy: Equity Loan scheme which has launched in England, Wales and London.

According to the lender its new build pilot ran for eight months, allowing plenty of time for cases to complete and feedback from brokers to be evaluated to help shape the new process.

Director of sales Alison Pallett says: “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.”

Legal & General Mortgage Club new build manager Craig Hall says: “We have been delighted to assist Bank of Ireland UK with the delivery of their new build proposition.”