The Bank of Ireland has just announced a new offer for First Time Buyers of Irish property, where they will pay 1% of their mortgage to the customer to help cover their stamp duty costs. The offer is available on all First Time Buyer mortgages drawn down between 2 April and 30 September 2014.

The Bank says it has provided more than €2bn in mortgage approvals under its First Time Buyer and Mover fund launched in October 2012 and has an additional €2bn fund available to meet current and anticipated demand.

Speaking about the mortgage market in Ireland, Aine McCleary, Bank of Ireland’s head of mortgages said: “Bank of Ireland is very keen to support First Time Buyers who are looking to purchase their first home. First Time Buyers represented almost half of the new mortgage market in value terms in 2013 and we are seeing demand from all parts of the country, particularly now as property prices have stabilised outside Dublin.”