The lender is also offering a 3-year fix at 3.98% and a 5-year fix at 4.09%, all with no product fee.
Bank of Ireland UK has launched a range of fee free 95% loan-to-value mortgages starting from 3.89% for a 2-year fix.
The lender is also offering a 3-year fix at 3.98% and a 5-year fix at 4.09%, all with no product fee.
Alison Pallett, director of sales, Bank of Ireland UK, said: “We believe that first-time buyers are integral to the long term health of the housing market, helping to stimulate activity at all stages of home ownership.
“We hope that this new proposition will help to enable the next generation of home owners to take their first steps onto the housing ladder.”