It means that from today new build mortgages are available to all brokers registered to submit business with Bank of Ireland for Intermediaries.
The proposition includes the Help to Buy: Equity Loan scheme and will be launching in England, Wales and London.
The new build pilot ran for eight months to allow enough time for end to end cases to complete and feedback from brokers to be evaluated to help shape the new process, the lender said.
Alison Pallett, director of sales, commented: “At Bank of Ireland UK, we’re committed to providing solutions to brokers’ needs to help them serve more customers. We’ve worked in partnership with our intermediary partners involved in the pilot to improve our criteria with regard to incentives, LTVs and affordability calculations.
“Plus, we’ve created a dedicated new build team to deliver the specialist service we know new build requires. We’ve worked hard to develop a proposition that will benefit both brokers and their customers.”
Craig Hall, new build manager at Legal and General Mortgage Club, said: “Legal & General Mortgage Club have been delighted to assist Bank of Ireland UK with the delivery of their new build proposition. This further complements their market offering and provides a greater choice for intermediaries and their customers.”