Bank of Ireland is returning to the 95 per cent loan-to-value market tomorrow.

The lender is launching a five-year fixed rate at 4.05 per cent with no fee.

The deal will be available exclusively through intermediaries and is open to borrowers across the UK including Northern Ireland.

First-time buyers, home movers, employed and self-employed borrowers can all apply, but income multiples are capped at 4.49x.

New build properties are not eligible.

There is a minimum loan size of £150,000 and max loan of £500,000.

Bank of Ireland UK mortgages director George Higginson says: “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 per cent 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.”