30 October 2017
Bank of Ireland UK is today announcing the launch of their exclusive new build pilot with London & Country (L&C) and The New Homes Group (part of Connells), joining the Help to Buy: Equity Loan scheme in England, Wales and London.
To showcase their commitment to the new build market, Bank of Ireland UK has unveiled a dedicated team of new build experts, giving brokers direct access to underwriters. As part of the pilot, they will be offering extension options for homes that are still in the building process, day one valuations and assessments as well as a clear and upfront incentive policy.
Alison Pallett, Director of Sales, Bank of Ireland UK, says, “We’ve looked into the common frustrations brokers have when applying for new build mortgages and have come up with solutions to make their lives easier. We understand that new build mortgages have a specialist set of requirements needing extra attention, so our new build team will identify these specialist cases and help speed up the ‘application-to-offer’ journey.
David Hollingworth, Associate Director for Communications, L&C commented, ‘Bank of Ireland is a valued partner of L&C, so we’re delighted to be helping them extend their product reach into the Help to Buy sector. Bank of Ireland’s new build proposition will enhance the range of mortgage choices available to customers seeking the dedicated advice and service that’s so important when buying a new build property.’
Terry Higgins, Managing Director, The New Homes Group, adds, “We’ve been working with the Bank of Ireland for some time on their Help to Buy proposition and we’re delighted to be selected as one of only two brokers on this pilot launch. Bank of Ireland UK’s offering is very exciting and further enhances our position in the marketplace as the UK’s leading new homes mortgage specialist.”
Bank of Ireland UK will be working closely with the new build experts at L & C and The New Homes Group to finalise the position before rolling out to further brokers in the next few months.
Notes to Editors
About Bank of Ireland UK
- Bank of Ireland primarily operates in the UK through its wholly owned and separately incorporated subsidiary, Bank of Ireland (UK) plc, which is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
- Supporting over 3 million UK consumers, Bank of Ireland UK comprises:
- An established financial services partnership and foreign exchange joint venture (FRES) with the Post Office, together with c.2,500 free-to-use Bank of Ireland/Post Office ATMs, one of the largest ATM fleets in the UK.
- A long term partnership with the AA, which brings a product portfolio of credit cards, personal loans, savings and mortgages to nearly 4 million AA members.
- A successful UK mortgage business.
- A highly regarded UK car and asset finance business, Northridge Finance.
- A full service retail and commercial bank in Northern Ireland.
https://www.bankofireland4intermediaries.co.uk/
About L & C
Over 1 million people have sought L&C’s expert mortgage advice. It is the UK’s leading fee free mortgage broker, providing mortgage advice over the phone 7 days a week and has won over 150 awards for its service since 2002. Its qualified advisers help first time buyers, home movers, those looking to remortgage and buy to let landlords secure the best mortgage deal from over 90 lenders, providing assistance throughout the mortgage process.
About New Homes Group
New Homes Group has been advising customers of new build mortgages for over 25 years. They have built up a strong reputation for delivering reliable, authoritative and professional advice, as well as high standards of service.
Their highly-trained Helpline Advisers understand the mortgage market and stay up to speed with all the latest products, legislation and tax policy. Their Mortgage and Protection Advisers are all qualified and have passion to deliver the highest professional and ethical standards without the use of jargon and buzz words.
For more information, contact the below:
Maria O’Connor / Maria.oconnor@smartscommunicate.com / 02037457633
Or
Emma Jones / Emma.Jones@smartscommunicate.com / 02037457630