The Bank of Ireland has unveiled a new Mortgage Fund of €1.5bn in support of customers who will be purchasing their first home or moving home in 2012.

In a statement 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. "

-- Advertisement --

The 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.

(CD)