Bank Of Ireland Improve Bespoke Mortgage Rates

Fantastic news coming out of mortgage lender Bank of Ireland this morning as they announce that they are launching some new exclusive bespoke mortgage products, available through mortgage brokers like Oportfolio. These new rates are a very welcome string to Bank of Ireland’s already strong bow, and they will help brokers like ourselves to offer great products and service to our clients. Here is a breakdown of the changes that are coming in from Bank of Ireland.

Residential Bespoke Mortgage Rates

In an email to all brokers this morning, Bank of Ireland announced that they would be improving their bespoke residential rates. These new products and rates will go live at 9am on Thursday the 23rd of March 2023. To make way for the new products, Bank of Ireland will be removing and discontinuing 10 existing products. The products being removed are as follows:

Withdrawing – 60% LTV

• 2 yrs – 4.65% Fixed – 6.9% APRC –  £1995 – Standard Valuation Fee Paid by Lender – Minimum Loan £150,000 – Maximum Loan £2,500,000 –Repayment Methods: Interest Only, Part & Part, Capital Repayment.
• 2 yrs – 4.70% Fixed – 6.7% APRC – £1495 – Standard Valuation Fee Paid by Lender – Standard legal fees paid by Lender (for remortgages only) – Minimum Loan £150,000 – Maximum Loan £2,500,000 – Repayment Methods: Interest Only, Part & Part, Capital Repayment.
• 2 yrs – 4.80% Fixed – 6.9% APRC – £1495 – £250 Cashback paid to solicitor with advance – Standard Valuation Fee Paid by Lender – Minimum Loan £150,000 – Maximum Loan £2,500,000 – Repayment Methods: Interest Only, Part & Part, Capital Repayment.

Withdrawing – 70% LTV

• 2 yrs – 4.82% Fixed – 6.9% APRC – £1495 – £250 Cashback paid to solicitor with advance – Standard Valuation Fee Paid by Lender – Minimum Loan £150,000 – Maximum Loan £2,000,000 – Repayment Methods: Capital Repayment, Part & Part (Interest Only element maximum 60% LTV).

Withdrawing – 75% LTV

• 2 yrs – 4.69% Fixed – 6.9% APRC – £1995 – Standard Valuation Fee Paid by Lender – Minimum Loan £150,000 – Maximum Loan £1,000,000 –Repayment Methods: Capital Repayment, Part & Part (Interest Only element maximum 60% LTV).
• 2 yrs – 4.81% Fixed – 6.8% APRC – £1495 – Standard Valuation Fee Paid by Lender – Standard legal fees paid by Lender (for remortgages only) – Minimum Loan £150,000 – Maximum Loan £1,000,000 – Repayment Methods: Capital Repayment, Part & Part (Interest Only element maximum 60% LTV).
• 2 yrs – 4.84% Fixed – 6.9% APRC – £1495 –  £250 Cashback paid to solicitor with advance – Standard Valuation Fee Paid by Lender – Minimum Loan £150,000 – Maximum Loan £1,000,000 – Repayment Methods: Capital Repayment, Part & Part (Interest Only element maximum 60% LTV).

Withdrawing – 80% LTV

• 2 yrs – 4.84% Fixed – 6.9% APRC – £1495 – £250 Cashback paid to solicitor with advance – Standard Valuation Fee Paid by Lender – Minimum Loan £150,000 – Maximum Loan £1,000,000 – Repayment Methods: Capital Repayment.

Withdrawing – 85% LTV

• 2 yrs – 4.82% Fixed – 6.9% APRC – £1995 – Standard Valuation Fee Paid by Lender – Minimum Loan £150,000 – Maximum Loan £750,000 – Repayment Methods: Capital Repayment.
• 2 yrs – 4.93% Fixed – 6.9% APRC – £1495 – £250 Cashback paid to solicitor with advance – Standard Valuation Fee Paid by Lender – Minimum Loan £150,000 – Maximum Loan £750,000 – Repayment Methods: Capital Repayment.

New Bespoke Residential Mortgage Rates

Replacing these rates are 42 new products and rates across a variety of loan to values and loan types. Here is a breakdown of a few of the most competitive ones in our opinion. For a full breakdown of the new rates being introduced, call our office and speak with one of our qualified advisors.

60% Loan to Value Fixed Rates

• 4.45% – fixed 30/06/2025 – 6.8% APRC –  £1,995 – Capital Repayment – Part & Part – Interest Only – 3% until 30/06/2024 then 2% until 30/06/2025 – £150,000 to £2,500,000.
• 4.44% – fixed 30/06/2028 –  6.2% APRC – £1,995 – Capital Repayment – Part & Part – Interest Only – 4% until 30/06/2025 then 3% until 30/06/2027 then 2% until 30/06/2028 – £150,000  to £2,500,000.

70% Loan to Value Fixed Rates

• 4.57% – fixed 30/06/2025 – 6.8% APRC – £1,495 – Capital Repayment – Part & Part* – Interest Only* – 3% until 30/06/2024 then 2% until 30/06/2025 – £150,000 to £2,000,000.
• 4.48% – fixed 30/06/2028 – 6.2% APRC – £1,495  – Capital Repayment – Part & Part* – Interest Only* – 4% until 30/06/2025 then 3% until 30/06/2027 then 2% until 30/06/2028 – £150,000 to £2,000,000.

75% Loan to Value Fixed Rates

• 4.54% fixed – 30/06/2025 – 6.8% APRC – £1,995 – Capital Repayment – Part & Part* – Interest Only* – 3% until 30/06/2024 then 2% until 30/06/2025 – £150,000 to £1,000,000.
• 4.46% fixed – 30/06/2028 – 6.2% APRC – £1,995 – Capital Repayment – Part & Part* – Interest Only* – 4% until 30/06/2025 then 3% until 30/06/2027 then 2% until 30/06/2028 – £150,000 to £1,000,000.

80% Loan to Value Fixed Rates

• 4.71% fixed – 30/06/2025 –  6.9% APRC –  £1,495 – Capital Repayment – 3% until 30/06/2024 then 2% until 30/06/2025 – £150,000 to £1,000,000.
• 4.52% fixed – 30/06/2028 – 6.2% APRC – £1,495 – Capital Repayment – 4% until 30/06/2025 then 3% until 30/06/2027 then 2% until 30/06/2028 -£150,000 to £1,000,000.

85% Loan to Value Fixed Rates

• 4.67% – fixed 30/06/2025 – 6.9% APRC – £1,995 – Capital Repayment – 3% until 30/06/2024 then 2% until 30/06/2025 – £150,000 to £750,000.
• 4.54% – fixed 30/06/2028 – 6.3% APRC – £1,995 – Capital Repayment – 4% until 30/06/2025 then 3% until 30/06/2027 then 2% until 30/06/2028 -£150,000 to £750,000.

90% Loan to Value Fixed Rates

• 5.24% fixed – 30/06/2025 – 6.9% APRC – £0  fee – Capital Repayment – 3% until 30/06/2024 then 2% until 30/06/2025 – £150,000 to £750,000.
• 4.78% fixed – 30/06/2028 – 6.3% APRC – £0 fee – Capital Repayment – 4% until 30/06/2025 then 3% until 30/06/2027 then 2% until 30/06/2028 – £150,000 to £750,000.

The new products being released also include revamped buy-to-let mortgage rates up to 75% loan to value (25% deposit), Green New Build Mortgage Products up to 90% loan to value (10% deposit), and large loan mortgage products up to a value of £2.5 million at 75% loan to value. £1.5 million up to 85% loan to value, and £1 million up to 90% loan to value.

Speak To A Mortgage Advisor To Explore New Mortgage Rates

If you are interested in any of the rates we have mentioned above, are interested in Bank of Ireland’s buy-to-let, green new build, or large loan mortgage products, please give our team a call. Our qualified specialist advisors will be able to guide you through the mortgage market and help you to secure a competitive new rate. Call us today.