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?

Google Reviews

LowQuotes.ie
4.9
Based on 1356 reviews
OON 1.
OON 1.
I had the pleasure of Dealing with Neil and what a gentleman he is and so patient with all my questions. He didn’t make me feel like I was annoying although I probably was ! 🙈 his knowledge and advice was much appreciated and will definitely be recommending to family and friends. 🌻
colin R.
colin R.
We can't thank Tiernan enough he has gone above and beyond for us. He made the process so quick and easy for us even through the most stressful parts. He is very quick with communication and if there are any issues or problems he is fixing it immediately. So glad to have worked with him and have passed his details to many colleagues at work.
Bilal A.
Bilal A.
Aoife Morgan thank you for all the special service you give. It's nice to know that you care, I got a better price and better service for my insurance needs, I enjoyed dealing with you on my insurance.
susan T.
susan T.
Rachel Fennin was very nice, and very helpful in helping me choose my plan ...overall excellent customer service 👏
Sinead O B.
Sinead O B.
Shaun was extremely good at going through my options and helping me pick a plan that suits my family. I will definitely be reassuring my other policies with LowQuotes
Dean M.
Dean M.
Sinead and I recently got our mortgage through Lowquotes.ie, and to say we are grateful is an understatement. Bernadine was just amazing from start to finish and left no stone unturned. She was with us every step of the way and made sure we were well-informed, helping us with all the paperwork that was needed and guiding us in the right direction whenever necessary. It was a pleasure dealing with Bernadine and Lowquotes, a company that is the best in the business. Thank you.I would recommend using Lowquotes.ie for your mortgage or any insurance queries.
Response from the owner: Hey Dean,We’re delighted to hear about your positive experience with Bernadine. It’s great to know she was able to guide you and Sinead through the entire mortgage process and provide the support you needed every step of the way. We aim to make everything as smooth and stress-free as possible, so your kind words truly mean a lot!If you ever need assistance with anything else – from mortgages to protection or insurance – we’re just a message away.Best Regards,LowQuotes Team
Rabiat M.
Rabiat M.
Bernadine turned what once felt impossible into a beautiful reality. Her expertise, dedication, and passion for her work truly set her apart. It’s clear she genuinely loves what she does, and it reflects in every step she took with us. Thanks to her unwavering support and professionalism, we now have a place we can proudly call home. She didn’t just help us find a house, she helped us begin a new chapter.
Response from the owner: Hey Rabiat,We’re delighted to hear about your wonderful experience with Bernadine. It’s amazing to know that her dedication and support helped turn things around and made the journey to your new home such a positive one. We’re so glad she could be part of this important chapter in your life. Your kind words mean a lot to us! If you ever need anything else in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team.
Megan C.
Megan C.
Highly recommend Low Quotes Conor and Courtney could not have been more helpful in supporting myself and my partner to get life insurance for our mortgage. They went above and beyond to get it over the line in a very timely manner to ensure we could close on our original date!!
Response from the owner: Hey Megan,We’re delighted to hear about your positive experience with Conor and Courtney. It’s great to know they were able to support you and your partner through the life insurance process and go above and beyond to ensure everything was sorted in time for your mortgage closing. We aim to make the journey as smooth and stress-free 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.
Kallamm M.
Kallamm M.
I could not recommend Ross enough for the help and professionalism he demonstrated when helping my partner and I get life cover. He explained each step in great detail and was really easy to get on with. Ross was able to suit any calls into my schedule which was a big help.
Response from the owner: Hey Kallamm,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything clearly and work around your schedule to help you and your partner secure life cover. 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.
Patrick V.
Patrick V.
Couldn’t recommend Niamh enough, she was beyond helpful in my first home purchase. Couldn’t have done it without her help. Communication was spot on and everything was done quickly with great clarity.
Response from the owner: Hey Patrick,We’re delighted to hear about your positive experience with Niamh. It’s great to know she was able to support you through your first home purchase and make everything clear and stress-free. 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
Steve O
Steve O
Policy options very clearly explained.I was going with a different company until our call.Great serviceThank you Shaun
Response from the owner: Hey Steve,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to clearly explain the policy options and help you feel confident in choosing us. 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
Lisa M.
Lisa M.
Ross really took his time to accommodated my busy schedule while getting me the best deal possible. It was really appreciated.
Response from the owner: Hey Lisa,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to accommodate your busy schedule and secure the best deal 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
Mohmmed D.
Mohmmed D.
Excellent service specially Cormac has been amazing, highly recommended.
Response from the owner: Hey Mohmmed,We’re delighted to hear about your positive experience with Cormac. It’s great to know he’s been amazing throughout the process and that you’d highly recommend our service. We aim to make everything as smooth and clear as possible, so your feedback truly means a lot!If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Laura W.
Laura W.
I cannot recommend Low Quotes highly enough. In particular Niamh. Niamh was with me from start to finish on my mortgage/insurance journey and the service I received from Niamh was simply exceptional. Her dedication, support and professionalism shown to me throughout my journey was just amazing. Niamh took the time to understand my needs and getting me the best deals on the market and for that I will be forever grateful. Her knowledge and expertise of the industry is fantastic. Niamh is an amazing asset to Low Quotes.
Response from the owner: Hey Laura,We’re absolutely delighted to hear about your experience with Niamh! It’s fantastic to know she was able to support you throughout your mortgage and insurance journey and provide such a high level of care and professionalism.Niamh is indeed a huge asset to our team, and we’ll make sure your kind words are passed on to her. We’re so glad she could help you secure the best deals and make the process smooth and stress-free.If you ever need anything else or have questions down the line, we’re only a message away. Thanks again for the glowing recommendation!Best regards,LowQuotes Team
Vignesh C.
Vignesh C.
Friendly customer service and would recommend for sure.
Response from the owner: Hey Vignesh,Thanks a million for the great review! We’re delighted to hear you had a positive experience with our customer service. We always aim to make things as smooth and friendly as possible, so your recommendation means a lot to us. If you ever need anything else, don’t hesitate to reach out.Best Regards,LowQuotes Team
Andrew L.
Andrew L.
I dealt with a very professional and informative person Shaneen any questions that needed answering were answered and explained in a very detailed and also simple way ! Between the first phone call I felt that Shaneen was there to help me out with ever need and the best policy availableThank you once again ShaneenHighly recommended 10/10
Response from the owner: Hey Andrew,We’re delighted to hear about your positive experience with Shaneen! It’s great to know she was able to answer all your questions clearly and guide you toward the best policy. We’re all about making things as straightforward and helpful as possible, so your kind words mean a lot.If you ever need anything else, don’t hesitate to reach out.Best Regards,LowQuotes Team
Brendan D.
Brendan D.
Amazing service from Tiernan at LowQuotes. He made the process of getting a mortgage so much easier and was helpful the entire way.The LowQuotes portal is easy to use and user friendly, which made document organisation much easier.
Response from the owner: Hey Brendan,We’re delighted to hear about your positive experience with Tiernan! It’s great to know he was able to make the mortgage process easier for you and provide helpful support throughout.We’re also glad you found the LowQuotes portal user-friendly—it’s designed to keep things simple and stress-free, so your feedback means a lot to us! If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Craig D.
Craig D.
Ross Kirwan was great help. Flexible for my hectic schedule. Thank you.
Response from the owner: Hey Craig,We’re delighted to hear about your positive experience with Ross Kirwan! It’s great to know he was able to work around your hectic schedule and provide the support you needed.If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Jacques P.
Jacques P.
Fast speedy review online and a few good options provided a good all round service
Response from the owner: Hey Jacques,We’re delighted to hear you had a great experience with our online process! Providing fast and efficient service with a range of good options is exactly what we aim for.If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
js_loader

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).

You may also be interested in...

Follow us on Social Media

Follow us on social media to stay in the loop with exclusive content that will help you achieve your financial goals.

Career opportunities at LowQuotes.

Here at LowQuotes, we want to ensure that our clients receive the highest standards of service.  If you have a passion for connecting with people and aspire to thrive in a culture built on trust, integrity, dedication, and excellence, this could be the perfect fit. 

No Fields Found.
insurance advisor

Quick Call Back

Enter your details below and a Financial Advisor will call you back promptly.

Contact Info

Coronavirus Covid 19 Information

We would like to assure our customers that although this Worldwide Pandemic has struck our Nation hard, we are still here for our new and existing customers. All phone calls and emails will be dealt with accordingly.

In the unfortunate circumstance that a customer contracts COVID-19 and dies, our life policies would pay out in line with our usual claims philosophy.

All Consultations will be held by Phone or Online via Computer/Smart Device to remove face-to-face interactions and keeping in line with social distancing guidelines recommended by the Government.

We at Lowquotes.ie hope you, your family and your loved ones stay safe & healthy in this time.