Bank of Ireland has extended its product transfer window from four months to six months in light of the Mortgage Charter.
In a note to brokers, the lender said that as part of its commitment to the Mortgage Charter a product transfer can be booked for an existing customer up to six months from the end of their fixed term.
The firm said that brokers could still change a client’s deal or cancel their application up to two weeks before their new rate takes effect.
The Mortgage Charter was created by the government to help residential mortgage customers who may be experiencing financial difficulty due to the cost of living crisis and volatile economic environment.
Around 90 per cent of the mortgage market is covered by the charter, with over 40 lenders signed up to the scheme.
The initiative has several measures including allowing a temporary switch to interest-only for six months, extending mortgage terms, allowing customers to go to lenders about financial difficulty without it impacting their credit score and being able to secure a rate up to six months before a rate expires.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
