Bank of Ireland UK is to introduce a two-year, 95% loan to value (LTV) mortgage on 30 March.

The new product will sit alongside the five-year 95% LTV product the bank launched recently.

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.

George Higginson, UK mortgages director at 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% 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.”