BoI launches mortgages venture with Spanish bank

Bank of Ireland has launched a new venture with Spanish bank la Caixa to provide additional mortgage options for Irish people buying property in Spain.

La Caixa is the third largest bank in Spain with 4,800 branches and 6,800 ATMs.

The new venture offers three options to people seeking to finance a property purchase in Spain, including equity release from Bank of Ireland mortgages, mortgages of up to 75% from la Caixa and a la Caixa mortgage and equity release with Bank of Ireland mortgages.