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Bank of Ireland UK launches 95% LTV mortgage range
The Bank of Ireland UK has introduced a range of 95% loan-to-value (LTV) mortgage deals in place of the government’s Help to Buy mortgage guarantee scheme which closed at the end of last year.
The purchase-only scheme includes three products which come with a minimum loan size of £50,000.
Deals in the scheme are a two-year fixed rate at 3.89%, a three-year fix at 3.98% and a five-year deal at 4.09%.
The bank said it hoped its range will give greater choice to first-time buyers, particularly those struggling to save for a deposit.
Alison Pallett (pictured), director of sales, Bank of Ireland UK, said: “We believe that first-time buyers are integral to the long-term health of the housing market, helping to stimulate activity at all stages of home ownership.
“We hope that this new proposition will help to enable the next generation of home owners to take their first steps onto the housing ladder.”
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