Bank of Ireland launches a new Mortgage Fund of €1.5 billion

Bank of Ireland has today announced that it will be making available a new Mortgage Fund of  €1.5bn in support of customers who will be purchasing their first home or moving home in 2012. This initiative builds on the existing plans that Bank of Ireland has to support customers who wish to purchase a home and is reflective of the very significant role the bank is playing in the Irish Mortgage Market. Bank of Ireland provided mortgage finance to almost six in ten first time buyer customers in the most recently published Irish Mortgage Council market data.

In a statement today the Bank said: “This fund is consistent with our business plans and will act as a further support to the Ministerial announcement in the Budget to support first time buyers in the market. Should we see demand outstripping the fund then we will extend the size of the fund to cater for and support this demand. Bank of Ireland is committed to supporting customers who wish to purchase a home and we will continue to take further steps to demonstrate this support.”


Mary Brennan
Group Communications
Bank of Ireland
Tel: 076 623 4781