Buy-to-Let Mortgage
Thinking about becoming a landlord? Now might be the time to consider a Buy-to-Let mortgage.
Thinking of investing in a rental property?
We like to cater to our customer’s needs so we have reviewed our Buy-to-Let mortgage offer to be more in line with what you want. So if you’re thinking of making an investment and becoming a landlord, now might be the time to consider a Buy-to-Let mortgage.
What does Buy-to-Let mortgage offer?
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Better rates for borrowers with lower Loan to Value (LTV) ratios.
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A maximum LTV of 70% will apply.
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Our minimum available term is 5 years up to a maximum of 25 years.
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The minimum loan amount you can borrow is €40,000.
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Principal & Interest repayments only.
For Non Resident Buy-to-Let Customers, lending levels are subject to monthly rental income from the property being a minimum of 1.2 times the stressed principle and interest Mortgage repayment, however this may vary depending on individual circumstances.
What else do I need to know?
Naturally there are terms and conditions to every mortgage or loan and we can go through these with you upon application. In the meantime, here is some information on the documents we will require and some useful background reading to give you a better idea of our rates and regulations.
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We also recommend that you seek independent tax advice in relation to your potential investment property purchase.
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A bank solicitor is required, for all Buy-to-Let mortgages, for loan amounts greater than €75,000. The amount payable, for a standard Buy-to-Let mortgage, is €1,000 plus 23% VAT and outlay. This amount is payable by the Borrower(s) and must be paid directly to the banks solicitor prior to the release of the loan cheque. The amount payable by the Borrower(s) is in addition to the borrower(s) solicitor fees.