Bank of Ireland to reintroduce new 95% LTV mortgage

17 March 2021

Bank of Ireland UK has confirmed from tomorrow (Thursday 18 March) it will be returning back to the 95% loan-to-value (LTV) mortgage market.

The new mortgage has a five-year fixed rate of 4.05% with no product fee. It is available across the whole of the UK including Northern Ireland.

Available exclusively through intermediaries, the product will be available to first-time buyers, homemovers and both employed and self-employed applicants.

Commenting on the news, George Higginson, UK Mortgages Director, Bank of Ireland UK:

“At Bank of Ireland UK, we’re committed to making things easier for intermediaries and their clients.

“The last year has seen unprecedented challenges in the market. Over this time we’ve consistently offered a full range of mortgages to help provide certainty for brokers and their end customers.

“By offering a 95% LTV mortgage product again, we’ll be able to help many first time buyers, second steppers as well as the self-employed who are often overlooked by other lenders.”

Product details

• 4.05% 5 year fixed term with no product fee
• Minimum loan size £150,000 and maximum loan size £500,000 (including fees)
• Available up to 4.49 x Loan to Income
• Standard property criteria applies (not available on new build).