Bank of Ireland UK is returning to the 95% loan to value (LTV) mortgage market.

Its new mortgage has a five-year fixed rate of 4.05% with no product fee.

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

It is available across the whole of the UK including Northern Ireland.

George Higginson, UK mortgages director at Bank of Ireland UK, said: “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.”