The lender has unveiled a dedicated team of new build experts giving brokers direct access to underwriters, which it is piloting with London and Country and The New Homes Group (part of Connells).
As part of the pilot, Bank of Ireland 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.
Once it has successfully completed the pilot it will roll the service out to further brokers in the next few months.
Bank of Ireland UK director of sales Alison Pallett 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.”
London and Country associate director David Hollingworth said Bank of Ireland’s new build proposition would enhance the range of mortgage choices available to customers seeking the dedicated advice and service that is so important when buying a new build property.
The New Homes Group managing director Terry Higgins 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.”