Bank of Ireland for Intermediaries has released mortgages for first-time buyers with cashback incentives of up to £3,000.
This includes a five-year fixed product available up to 95% loan to value (LTV) priced at 5.42% with no fee, and £1,000, £2,000 or £3,000 cashback options.
At 90% LTV, the five-year fix is priced at 5.12% with no fee, also with £1,000, £2,000 and £3,000 cashback options. Lastly, Bank of Ireland has added an option at 85% LTV with a rate of 4.94%, a £995 fee and £3,000 cashback.
Alan Longhorn, head of sales, distribution and marketing at Bank of Ireland for Intermediaries, said: “We strongly support the ambitions of many consumers to own their own homes and the release of this new range of products demonstrates our commitment to provide solutions that help even more first-time buyers get onto the property ladder.
“We have provided cashback incentives across this new range to give a boost to first-time buyers balancing the multitude of expenses associated with buying a home.”
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Virgin Money adjusts products and rates
Virgin Money has added products to its mortgage offering, withdrawn select deals and lowered certain rates.
The new products include a range of shared ownership greener new-build mortgages at 85%, 90% and 95% LTV with options of no fee or a £995 fee. Pricing starts at 4.42% for a two- or five-year fix at 85% LTV with a £995 fee.
Virgin Money has also launched a 10-year fix at 75% LTV with no fee and a rate of 4.72%.
Further, exclusive buy-to-let (BTL) remortgages with a free valuation and £300 cashback have been added to the range, with two- and five-year fixes at 60% and 75% LTV. The products have a 3% fee and rates ranging from 3.49% to 4.04%.
Virgin Money has added a pair of five-year fixed product transfer deals with a £1,995 fee, with the 65% LTV option priced at 4.04% and the 75% LTV product at 4.17%.
At the same time, the lender has pulled select residential product transfer deals at 65% and 75% LTV and BTL product transfers at 60% and 75% LTV.
Lastly, rate reductions of up to 0.13% have been made to select residential purchase, remortgage, product transfer and BTL rates.
Yesterday, the firm announced it would revise the cashback on its Retrofit Boost range.
