Bank of Ireland expands its 95% LTV mortgage range

Bank of Ireland UK has confirmed from tomorrow (Tuesday 30 March) it will be offering a two-year 95% loan-to-value (LTV) mortgage. This product, alongside the 5 year 95% LTV product launched recently, will further boost the options available to brokers and their clients.

The new mortgage has a two-year fixed rate of 3.99% with no product fee. It is available across the whole of the UK, including Northern Ireland.

Available exclusively through intermediaries, the product is available to first-time buyers, home movers and both employed and self-employed applicants.

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

“Helping brokers to help more clients is really important to us at Bank of Ireland UK.

 “Adding this two year fixed rate 95% LTV product to the five year product we launched recently will widen the choice of solutions available to brokers and their end clients as we enter a busy time of the year for the sector.”

Product details

3.99 % 2 year fixed term with no product fee

Minimum loan size £150,000 and maximum loan size £500,000

Available up to 4.49 x Loan to Income

Standard property criteria applies (not available on new build).