Finance Ireland aims to grow 'significantly' as it launches 20-year fixed rate mortgage loans

Finance Ireland — the lender that started selling residential mortgages less than three years ago — said it aims to grow "significantly" to win as much as 15% of the home-loans market, as it launched a 20-year, fixed-rate mortgage for the first time. 

The lender plans to offer a mortgage for a loan-to-value of up to 90% of the property, at a rate that is fixed over 15 years of 2.8%.