Bank of Ireland UK has announced the launch of an 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.
The has unveiled a dedicated new build team, 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 an upfront incentive policy.
Alison Pallett (pictured), 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 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,” added David Hollingworth, associate director for communications, at L&C.
“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 at The New Homes Group, added: “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 rolling out to further brokers in the next few months.