Bank of Ireland chief executive Myles O’Grady: ‘This new product can help support the better use of existing housing stock in the market.’ Photograph: Naoise Culhane

A major shake-up of the Irish mortgage market is on the horizon in the new year, with Bank of Ireland set to launch a new type of bridging finance to allow homeowners trade up or down without first having to sell the home they live in.

The new loan could remove a significant blockage in the supply chain that has seen many people with house

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