08 July 2015
Bank of Ireland for Intermediaries is today unveiling a new partnership with Intrinsic Financial Services, an arrangement which will see its products offered across the UK mortgage market by an extra 3000 advisers.
The agreement between Bank of Ireland UK and the Intrinsic Group forms the latest part of the business’ roll-out strategy, which aims to widen intermediary distribution to offer better choice to customers across the market.
Over the past 12 months the Bank has made a substantial investment in technology and experienced hires. Just last month Bank of Ireland UK unveiled its new multi-million pound online application system, built in collaboration with the intermediary community in order to make mortgage applications and processing faster, more efficient and cost effective for brokers.
BOI UK re-entered the British intermediary mortgage market in December under its own brand, via a pilot with three estate agencies. This partnership was extended in order to provide increased choice and service to customers, while a deal with the Openwork network was secured in March.
Alison Pallett, Director of Sales at Bank of Ireland UK, said “There is great excitement surrounding this partnership. This roll out is the next phase, which sees our distribution widening”.
“It comes at a time when we’re rolling out new technology in order to better support brokers, expanding our sales and underwriting teams and opening a new processing centre – and alongside our new partners we are better placed than ever to provide the products and service our customers are asking for.”
Emma Hollingworth from Intrinsic, commented on the launch: “We work tirelessly to provide the best possible proposition for our network of advisers, and the ability to work with one of the very best UK lenders really strengthens that offering. From today, our organisations can work together as a combined team to ensure the best deals for our customers.”