The Bank of Ireland UK will be introducing a two-year fixed mortgage at 95 per cent loan to value (LTV) to its offering tomorrow.
This is in addition to its recently launched five-year fixed mortgage which marked its return to the 95 per cent LTV space.
The mortgage will be available exclusively through intermediaries and eligible to first-time buyers, home movers and the self-employed.
It has a rate of 3.99 per cent with loan sizes between £150,000 and £500,000. Customers can borrow up to 4.49x their income and the mortgage will be not eligible for new-build properties.
The product will be available nationwide.
George Higginson (pictured), UK mortgages director at the Bank of Ireland UK, said: “Helping brokers to help more clients is really important to us at Bank of Ireland UK.
“Adding this two–year fixed rate 95 per cent 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.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
