Bank of Ireland UK has added a two-year fixed rate mortgage at 95 per cent LTV.

The new mortgage is set at 3.99 per cent and comes with no product fee.

It has a minimum loan size of £150,000 and a maximum of £500,000 and is available on a loan to income multiple of 4.49.

This comes after the lender returned to the 95 per cent LTV market with a five-year fix in mid-March.

Bank of Ireland UK mortgages director George Higginson says: “Helping brokers to help more clients is really important to us.

“Adding this 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.”