Bank of Ireland makes product transfers available six months in advance

Bank of Ireland has made it possible for brokers to book a product transfer for existing customers up to six months from the end of their fixed term.

As part of its commitment to the Government’s Mortgage Charter, the bank will also allow brokers to change a client’s deal or cancel the application up to two weeks before their new rate takes effect.

Nicholas Menders, mortgage technical manager at John Charcol, said: “In another win for consumers, it’s great to see lenders continually adapting their existing policies to fit the needs for mortgage holders.

“This ensures that they can secure a deal in advance yet secure a lower rate during the application.”