Bank of Ireland Deal
Buy-to-Let borrowers who were left feeling stitched up by the Bank of Ireland tracker rate hike can switch to these products-
3.29% fixed for 5 years or 3.49% fixed for 7 years
No application form or further underwriting
No valuation or arrangement fees
No legal fees
No broker fees
5% early repayment charge if you pay off the mortgage during the fixed rate term.
This is not a well publicised deal, we came across it completely by chance.
All we ask, in return for this information, is that if you go ahead with one of these deals please make a £250 donation towards the running costs of Property118. Donations are not compulsory and the figure of £250 is merely a suggestion, it could be more or less or even nothing at all. We are entirely reliant on your generosity and integrity.
For more information or to switch to this rate please call Bank of Ireland directly on 0345 300 8000 and have your account number ready. They will only speak with the account holder.
Donations via Paypal or Credit/Debit Card
The above is not a financial promotion nor is it intended as advice and neither is it to be construed as such. Do not proceed with this deal if you do not fully understand it, instead seek professional advice.
For the avoidance of any doubt we have NOT been approached by Bank of Ireland or anybody on their behalf in respect of this deal, neither are we receiving any payment or commission from them. We are sharing this information because we found it for ourselves and we believe it is right that we should make you are of it. Property118 is funded by donations.
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Previous Article
Buy to let mortgage dilemma- transfer of equity?
Member Since January 2011 - Comments: 12193 - Articles: 1395
4:07 PM, 16th July 2015, About 11 years ago
My fears are that the product will be withdrawn once BoI get wind of what’s going on.
I want our members to get in first before all and sundry who failed to support us get wind of this and BoI retention department get flooded with calls.
This could be a ‘first come first served’ things folks!
I’ve already had it confirmed by a Facebook friend that he’s managed to extend his loan terms and switch 8 BTL mortgages onto this product so get in quick – IT IS REAL!!!
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Member Since July 2013 - Comments: 264
7:09 PM, 16th July 2015, About 11 years ago
HI Mark
I have 2 further advances on my accounts which was not affected by the hike, so this deal will make me worse of, many thanks though.
Member Since July 2015 - Comments: 1
8:04 PM, 16th July 2015, About 11 years ago
HI Mark,
Many thanks for bringing our attention to this.
Is there somewhere I can see more information about this product.
I cannot see it in the list of products on the BOI website.
Member Since January 2011 - Comments: 12193 - Articles: 1395
10:06 AM, 17th July 2015, About 11 years ago
Reply to the comment left by “Paul Stavely” at “16/07/2015 – 20:04“:
You need to call them, it was buried deep and explained over several pages meaning it’s not practical to link to it. I don’t think they want this to be found but need to have it for some reason unbeknown to me.
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Member Since July 2015 - Comments: 4
11:19 AM, 17th July 2015, About 11 years ago
I can confirm it’s very straight forward. One call to their call centre and a follow up which took just over 5 mins !
it’s all on their web-site but needs a bit of digging
Member Since September 2013 - Comments: 20
12:47 PM, 17th July 2015, About 11 years ago
Thanks Arwell that is interesting I called them at 8:53 and I have to have an appointment with a BTL advisor but they can’t do that until Wednesday – did you have a direct dial? I can’t believe I should be any different – I have had 2 mortgages since 2002, I have always paid and the LTV is less than 60% so I had expected a straight swap as others have described.
Member Since January 2011 - Comments: 12193 - Articles: 1395
1:22 PM, 17th July 2015, About 11 years ago
I’ve not seen any donations so far.
I was hoping that people would be happy to reward all of my efforts on their behalf – very disappointing! 🙁
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Member Since September 2013 - Comments: 20
3:54 PM, 17th July 2015, About 11 years ago
Happy to donate one BOI haven’t confirmed we can move to this deal – I know that sounds mean BUT I have supported the case from the beginning and contributed to the marketing fund along the way – for some reason I’m having to wait for a telephone appointment and they can’t do that until Wednesday. I don’t know others have managed to just swap -do they have a direct line number to get to the right person? Perhaps why donations are not forthcoming just yet.
Member Since January 2011 - Comments: 12193 - Articles: 1395
4:07 PM, 17th July 2015, About 11 years ago
Reply to the comment left by “Cheryl Larkin” at “17/07/2015 – 15:54“:
Very strange, the only number I found is the one I published.
Perhaps you should call back and pretend it’s your first call to see what answer you get this time?
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Member Since September 2013 - Comments: 20
4:30 PM, 17th July 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “17/07/2015 – 16:07“:
Tried that …got other half to call and play dumb. He was offered a Thursday slot!