On Wednesday 11 October 2017, Bank of Ireland for Intermediaries is launching a new Residential & First Start product range (Our existing BTL range is unaffected). It includes a great selection of 2, 3 and 5 year fixed rate products:
Residential
- 60% LTV rates starting from 1.23% for 2 year fixed and 1.88% for 5 year fixed
- 85% LTV rates starting from 1.48% for 2 year fixed
- Products available with a combination of features, including free standard valuation and standard legals (for remortgages only) or free standard valuation and a range of cashback options
- Interest Only (maximum 60% LTV), repayment or combination available
- Sale of mortgaged property allowed as a repayment strategy up to 60% LTV
First Start
- 75% LTV rates starting from 1.79% for 2 year fixed
- First Start gives buyers more borrowing power. By combining their income with that of a sponsor, together they can borrow more, responsibly
- Together, the sponsor and applicant can borrow up to 95% of the value of the property
- Both parties are co-borrowers, making them jointly and individually liable for the monthly mortgage repayments, as well as the total mortgage loan
- See our lending criteria for full details.
We’ll be withdrawing our current Residential & First Start ranges at 9am, Wednesday 11 October. Details of the withdrawn products are detailed in the attached document.
New applications for a withdrawn product must be submitted before 9am, Wednesday 11 October. Accepted AIPs must be converted to a full application before 9am, Thursday 12 October.
