Bank of Ireland for Intermediaries’ bespoke new lending increased by around 170% to £259 million in the first half of the year, compared to first six months of 2020.
Launched in 2019, bespoke now represents 21% of total new mortgage lending.
George Higginson, director of home buying & ownership, Bank of Ireland UK, said: “Our results for the first six months of 2021 show our strategy is the right one for our business, as we successfully pivot towards mortgage segments where we can add most value to our brokers and partners.
“We’re continuing to have great success with our bespoke proposition and the positive feedback we receive from the broker community confirms our individual underwriting approach is adding real value.
“Our focus on innovation and strong service delivery, underpinned by a fully digital application journey, all point to continued success and growth across our three main niche segments – bespoke, buy-to-let and high loan to value.
“The support and consistency of service we provided to brokers during the Covid-19 challenges last year have also strengthened our relationships still further and we look forward to another busy second half of the year.”
