Bank of Ireland for Intermediaries will now pay the valuation fee on all its Help to Buy mortgages and give borrowers a £400 cashback on completion.
The products are available under the government’s Help to Buy scheme and have no arrangement fees. Rates start from 3.74% for two years fixed.
Bank of Ireland for Intermediaries has also launched a new range of two-year buy-to-let fixed rates, with improved rates of up to 0.32 percentage points. The new improved range of buy-to-let products also includes a rate of 1.97% and features a 60% LTV product with free fees for borrowers looking to remortgage.
Residential mortgages rates have been reduced by up to 0.20 percentage points and cashbacks improved from £300 to £400.
Mark Howell, director of marketing and customer management, said: “We work closely with our broker partners, taking on board their feedback and we are delighted to be able to offer them a new and improved set of Bank of Ireland for Intermediaries products. Our new range offers intermediaries and their customers excellent rates across all product areas, supporting Britain’s first-time buyers, movers, those remortgaging and buy-to-let landlords.
“What’s more, our award winning mortgage application system has made the mortgage application process extremely efficient for brokers, halving the time it takes and increasing the number of instant applications accepted.
“We expect this new product range to be very popular with our broker partners and we are looking forward to providing excellent service along with these very competitive rates.”