Bank of Ireland launches new build pilot

Ryan Bembridge

October 30, 2017

Bank of Ireland UK has launched a new build pilot exclusively with London & Country and The New Homes Group (part of Connells).

The bank has joined the Help to Buy equity loan scheme in England, Wales and London.

As part of the pilot the bank will offer extension options for homes that are still in the building process, as well as day one valuations and assessments.

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Alison Pallett, director of sales, Bank of Ireland UK, said: “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.

Bank of Ireland will roll out to more brokers in the next few months.

David Hollingworth, associate director for communications at L&C, said: ‘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 of The New Homes Group, said: “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.”

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