Buy To Let Mortgage Ireland

Buy-to-let mortgages in Ireland facilitate property investment by providing financing specifically tailored for purchasing residential properties to rent them out for income. Getting a quote is the first step in your journey! Answer a few questions and wait for one of our Advisors to contact you!

What is a Buy-to-Let Mortgage in Ireland?

A buy-to-let mortgage is designed for those looking to invest in rental properties. With up to 70% financing available, you can start your property investment journey with a buy-to-let mortgage, providing a valuable opportunity to generate passive income and build long-term wealth.

The Process for Getting a Buy-to-Let Mortgage

Initial Consultation and Quote

Enter a few details and one of our award-winning mortgage advisors will contact you to discuss your needs. This consultation is your first step towards understanding your borrowing options and finding the best mortgage deal.

Online Application Portal

After speaking with an advisor, you’ll receive access to our state-of-the-art online application portal. This platform simplifies the mortgage application process by allowing you to upload necessary documents and track your application status in real time.

Documentation Requirements

To apply for a buy-to-let mortgage, you will typically need to provide at least six months of payslips and bank statements. Lenders will also consider your rental income potential, personal credit history, and existing debts when assessing your application..

Deposit and Financing

A minimum deposit of 30% of the property’s value is required for a buy-to-let mortgage. This means for a property priced at €180,000, you would need a deposit of €54,000. The remaining 70% can be financed through the mortgage, depending on your eligibility. 

Approval In Principle (AIP)

Once your application is reviewed and approved, you will receive an Approval In Principle (AIP). This document allows you to make an offer on a property, giving you the confidence to negotiate knowing your financing is in place.

Final Approval and Purchase

After finding the right property, complete the final steps of the mortgage process, which include a property valuation and the formal approval of your mortgage loan. Upon approval, you can proceed with purchasing your investment property.

Benefits of a Buy-to-Let Mortgage in Ireland

  1. Tax Benefits
    Landlords in Ireland can deduct certain expenses from their rental income, such as mortgage interest and maintenance costs. This reduces taxable income, potentially lowering overall tax liability. While mortgage interest relief has been phased out for new mortgages after December 2020, existing buy-to-let mortgages still benefit from this relief, helping to offset borrowing costs and enhance rental yield.
  2. Passive Income and Financial Security
    Buy-to-let properties provide a reliable source of passive income through rental payments. This income can contribute to financial security and wealth accumulation over time, especially in a stable rental market.
  3. Long-Term Investment Growth
    Investment properties have the potential for capital appreciation over time, meaning their value can increase, providing significant returns when you decide to sell. This long-term growth can be an effective strategy for wealth accumulation, especially in a market where property values are rising.
  4. Leverage and Portfolio Expansion
    Buy-to-let mortgages allow investors to leverage borrowed funds to purchase additional properties, potentially expanding their investment portfolio. This leverage can amplify returns as investors use rental income to pay down mortgages and reinvest profits into new opportunities.
  5. Diversification of Investment Portfolio
    Investing in rental properties can be an excellent way to diversify your investment portfolio beyond traditional stocks and bonds. Real estate often has a different risk and return profile, which can help balance an investor’s overall portfolio and provide more stable returns.
  6. Inflation Hedge
    Real estate investments, including buy-to-let properties, can act as a hedge against inflation. Property values and rental income typically increase as inflation rises, which can help preserve purchasing power and maintain a steady income stream.

Start your journey today. Take the first step to achieve all your financial goals.

Meet our Team of Expert Advisors

How to Choose the Right Buy-to-Let Property

Choosing the right property is crucial for maximizing returns on a buy-to-let investment. Here are some factors to consider:

  • Location: Opt for areas with strong rental demand, good transport links, and proximity to amenities like schools, shops, and employment hubs. This increases the likelihood of finding reliable tenants and maintaining consistent rental income.

  • Property Type: Consider the type of property that aligns with your target tenant demographic. For example, apartments might be more suitable for young professionals, while houses with multiple bedrooms could attract families.

  • Rental Yield: Calculate the potential rental yield of the property to ensure it meets your investment goals. This is the annual rental income divided by the property’s purchase price, giving you an idea of the return on your investment.

  • Market Trends: Stay informed about local property market trends and economic factors that could affect property values and rental demand.

  • Property Condition: Factor in any renovation or repair costs that might be necessary to bring the property up to rentable condition, as these can affect your initial investment outlay and ongoing maintenance costs.

A buy-to-let mortgage in Ireland is a powerful tool for building wealth through property investment. By understanding the mortgage process, leveraging available tax benefits, and carefully selecting properties, you can maximize your returns and create a stable, long-term income stream. Whether you are a first-time investor or looking to expand your property portfolio, our expert mortgage advisors are here to guide you through every step of the process, ensuring a smooth and successful investment journey.

Watch our online system in action

Watch how seamless and straight-forward Applying for your mortgage is. In under 10 minutes you can complete your application. All with guided assistance from your very own dedicated Mortgage advisor.

Want to get started with your first mortgage? Need more advice?

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LowQuotes.ie
4.9
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Con M.
Con M.
I found Ross to be very helpful, informed and great to deal with..thanks for all your help..
Pratibha S
Pratibha S
I had wonderful experience working with my loan advisor , Bernadine Day, who was constantly helpful and knowledgeable throughout the process. She took time to explain every step in detail, ensuring I understood all my options. Anytime I had questions, she responded promptly and provided clear, practical answers. Her expertise and guidance made the loan process smooth and stress-free. I highly recommend Bernadine to anyone looking for reliable support in securing a loan.
Daniel M.
Daniel M.
Bernadine has been absolutely fantastic from the outset and throughout our mortgage process, her professionalism, patience and empathy is second to none and there was never any question too big or small for her to answer, we would like to thank Bernadine for all of her hard work and patience over the past number of months!
Response from the owner: Hey Daniel,We’re thrilled to hear about your positive experience with Bernadine! It’s wonderful to know her professionalism, patience, and empathy made such a difference throughout your mortgage process. She truly cares about making the journey as smooth and stress-free as possible, and your kind words mean a lot. Thank you for acknowledging her hard work and dedication over the past few months. If you have any more questions or need further assistance, please don’t hesitate to reach out.Best Regards,LowQuotes Team
Jithin C.
Jithin C.
I recently consulted Cormac Logue for life, health and mortgage protection insurance. His insightful advice, professionalism and tailored solutions impressed me. Cormac's expertise ensured optimal coverage at competitive rates. His dedication and responsiveness made the process seamless. I wholeheartedly endorse Cormac for insurance guidance.
Response from the owner: Hey Jithin,We’re delighted to hear about your positive experience with Cormac. It’s great to know his expertise, professionalism, and dedication helped you secure the best options for life, health, and mortgage protection. We’re thrilled to hear that he made the process seamless and provided tailored solutions. If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
AMIT L.
AMIT L.
Cormac helped with a cutomised mortgage protection policy. His advice was invaluable and kept me informed throughout the process. Highly knowledgeable, nice and an engaging person.
Response from the owner: Hey Amit,We’re delighted to hear about your positive experience with Cormac. It’s great to know he provided invaluable advice and kept you informed throughout the process while helping with a customized mortgage protection policy. We agree – his knowledge and engaging approach make all the difference! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Beatrice E
Beatrice E
I had an excellent experience with LowQuotes this year as they helped me with the purchase of my new home. As a first time buyer, Fiona and Bernadine were really helpful with the lengthy and sometimes complicated process and helped ensure everything went smoothly. I would strongly recommend LowQuotes mortgages for anybody looking to buy their new home.
Response from the owner: Hey Beatrice,We’re delighted to hear about your positive experience with Bernadine. It’s great to know she was able to guide you through the lengthy process as a first-time buyer and make everything run smoothly. We understand how complex buying a home can be, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Steph C.
Steph C.
Had the pleasure of dealing with Craig. From start to finish he was fantastic. Great service 👏
Response from the owner: Hey Steph,We’re delighted to hear about your positive experience with Craig. It’s great to know he provided fantastic service from start to finish! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Jerome J.
Jerome J.
Cormac was excellent at explaining the different policies to me, very knowledgeable great asset to the company.
Response from the owner: Hey Jerome,We’re delighted to hear about your positive experience with Cormac. It’s great to know he was able to explain the different policies clearly and that his knowledge stood out. We agree – he’s a great asset to the company! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Rachael Q.
Rachael Q.
Brilliant service provided by Richard. Richard explained everything thoroughly making it easy to understand and got us a great deal for income protection and mortgage protection. Thank you!
Response from the owner: Hey Rachael,We’re delighted to hear about your positive experience with Richard. It’s great to know he was able to explain everything clearly and secure a great deal for your Income Protection and Mortgage Protection. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out. Best Regards,LowQuotes Team.
Sophie P.
Sophie P.
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Response from the owner: Hey Sophie,We’re delighted to hear about your positive experience with Craig. It’s great to know he kept in touch every step of the way and made sure you were a priority while securing your Mortgage Protection. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team.
James R.
James R.
If you've busy life and need broker in your corner highly recommend LowQuotes. For going the extra mile, Thank you Niamh and all the team!
Response from the owner: Hey James,We’re delighted to hear about your positive experience with Niamh and the team. It’s great to know they went the extra mile for you! We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Wendy von M.
Wendy von M.
Richie was very helpful and very efficient in how he dealt with my quote and query. He was clear in his communication and very patient. I would highly recommend this company.
Response from the owner: Hey Wendy,We’re delighted to hear about your positive experience with Richie. It’s great to know he was clear, patient, and efficient while helping with your quote and query. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Sijo T.
Sijo T.
Low Quotes was very helpful to choose the right life cover insurance for me and my wife. Thanks to Ross and Allen for their patience to make me understand about the different options and pros and cons.
Response from the owner: Hey Sijo,We’re delighted to hear about your positive experience with Ross and Alan. It’s great to know they were patient and thorough in helping you choose the right life cover for you and your wife. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Wayne F.
Wayne F.
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Response from the owner: Hey Wayne,Thank you so much for your fantastic review! We’re thrilled to hear about your great experience with Colin and Courtney. It’s wonderful to know Courtney went above and beyond to make the process smooth during a stressful time, and that she was always available to answer your questions. We aim to provide that level of care and attention, so your feedback really means a lot to us! If you need anything in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Mack H.
Mack H.
Brilliant cormac made it easy as possible very quick
Response from the owner: Hi Mack,Thank you for your fantastic 5-star review! We’re so pleased to hear that Cormac made the process easy and efficient for you. We’ll be sure to pass along your kind words to him.If you ever need any further assistance, don’t hesitate to reach out. We’re always here to help!Warm regards,LowQuotes Team
Michelle C.
Michelle C.
Richie was so helpful and knowledgeable on all things Income Protection. He was so accommodating to my busy work schedule and made the process completely hassle free.
Response from the owner: Hi Michelle,Thank you for your wonderful 5-star review! We’re delighted to hear that Richie was so helpful and knowledgeable in guiding you through Income Protection. It's great to know he was able to accommodate your busy schedule and make the process hassle-free.If you need any further assistance, please don’t hesitate to get in touch. We’re always here to help!Warm regards,LowQuotes Team
Rosie C.
Rosie C.
Colin was so helpful in getting my life insurance thankyou so much
Response from the owner: Hi Rosie,Thank you for your fantastic 5-star review! We’re delighted to hear that Colin was able to help you with your life insurance needs. We’ll be sure to pass along your kind words to him.If you ever have any further questions or need assistance, don’t hesitate to reach out. We're always here to help!Warm regards,LowQuotes Team
Rose-Marie H.
Rose-Marie H.
We just purchased 2 policies with Craig and honestly he couldn't have been more helpful and an absolute pleasure to deal with . Craig advised us and his knowledge was impeccable regarding what we needed . Craig made this whole process simple and we are delighted to have dealt with him
Response from the owner: Hi Rose-Marie,Thank you so much for your wonderful 5-star review! We’re thrilled to hear about your positive experience with Craig. It’s great to know he could assist you so well and make the process simple and straightforward. We’ll be sure to pass along your kind words to him.If you need any further assistance in the future or have any questions, don’t hesitate to reach out. We're always here to help!Warm regards,LowQuotes Team
Leroy Mc D.
Leroy Mc D.
Low quotes has been a great team to have working on my morage. My team member was Bernadine who is a extremely hard worker who never gave up . Always on the phone if any issues had to be solved truly made the process alot less stressful i would recommend low quotes to anyone interested.
Response from the owner: Hi Leroy,Thank you so much for your amazing 5-star review! We're thrilled to hear that Bernadine was able to make the mortgage process less stressful for you. Her dedication and hard work really shine through, and we’ll be sure to pass along your kind words to her.If you or anyone you know ever need further assistance, don’t hesitate to reach out. We’re always here to help!Warm regards,LowQuotes Team
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Your Questions Answered

The most common maximum borrowing amount is 3.5x your annual gross salary (Some exceptions may apply). This is based on a single income application. If it is a dual application it is 3.5x both annual salaries combined.

Before you apply for your Mortgage, you are required to have 10% of the loan value of the property.

For example, If you require a Mortgage of €200,000 – You would require a deposit of €20,000.

With a fixed rate mortgage, your interest rate and monthly repayments are fixed for a set time as agreed between you and the lender.

This is a percentage figure which represents the difference between your mortgage loan and the value of your property. For example if your mortgage is €100,000 on a property valued at €200,000, your LTV rate would be 50%.

LTI is your Loan to Income rate, generally you are allowed to borrow 3.5x your annual income before tax. Some exceptions may apply.

Variable rates allow you to increase your re-payments, you can also use a lump sum to pay off all or part of your mortgage, or re-mortgage without having to pay any fixed rate breaking fees. However, variable rates can rise and fall meaning your mortgage repayments can go up or down during your Mortgage term.

This is the amount you owe excluding costs and interest. This is also known as the “Principal” of your loan.

This is when you are given an indication of approval from our first discussion with you, without having to see any documentation. This is not guaranteed approval.

The date the mortgage must be repaid in full, or by which a new agreement needs to be taken out.

Warning: You may lose your home if you do not keep your repayments.

Warning: The cost of your monthly repayments may increase. 

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, limiting your ability to access credit in the future. 

Warning: The entire amount you have borrowed will still be outstanding at the end of the interest-only period. The lender may adjust the payment rates on this housing loan from time to time. (Applies to variable-rate loans only).

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