Bank of Ireland for intermediaries has launched a series of new products for first buyers, with cashback stimuli, where the long list of costs for consumers is recognized when buying their first home.
The new range comprises a five-year fixed product for a maximum of 95% LTV, priced at 5.42% without compensation and £ 1,000, £ 2,000 and £ 3,000 cashback options.
There is also a five-year fixed product for a maximum of 90% LTV, priced at 5.12% without compensation and £ 1,000, £ 2,000 and £ 3,000 cashback options.
Finally, there is a five -year fixed product for a maximum of 85% LTV, priced at 4.94% with £ 995 fee and £ 3,000 cashback.
Bank of Ireland for intermediaries head of Sales Alan Longhorn commented; “We strongly support the ambitions of many consumers to own their own houses and the release of this new range shows products to our dedication to offer solutions that help even more first buyers to get on the real estate ladder.
“In this new range of cashback stimuli we have provided to give a boost to first buyers who balance the multitude of costs related to buying a house.”