Buy To Let Mortgage Ireland
Getting a quote is the first step in your journey! Answer a few questions and wait for one of our Advisors to contact you!
How is the process for buy-to-let mortgage?
With up to 70% finance available on all investment properties, We’ve made it easier than ever to get started on your rental journey. All you have to do is enter some quick details and one of our award-winning Mortgage advisors will get in touch with you. After your call you will be sent a link to our state-of-the-art online application portal, which streamlines the mortgage switching process, allowing you to upload your documents and get the approval online for your new mortgage.
Getting a quote is the first step, as one of our expert award-winning advisors will contact you and guide you all the way.
For a buy-to-let mortgage, you will require a minimum of a 30% deposit.
You will require 6 months of pay-slips and bank statements to apply for your Mortgage online.
Once your lender has approved your loan, you get an AIP (Approval In Principle) and you can make an offer on your new home.
What are the advantages of buying an investment property in Ireland?
Landlords in Ireland can deduct certain expenses, such as mortgage interest and maintenance costs, from their rental income, reducing their taxable income and potentially lowering their overall tax liability.
Mortgage interest relief, although being phased out for new mortgages after December 2020, still provides significant tax benefits for landlords with existing buy-to-let mortgages, helping to offset the cost of borrowing and increase rental yield.
Investment properties in Ireland can offer a steady source of passive income, providing landlords with financial security and the potential for long-term wealth accumulation through rental payments and property appreciation.
With careful property selection and management, landlords can leverage the power of leverage, using borrowed funds to increase their property portfolio and amplify their returns on investment over time.
Despite taxation and regulatory considerations, investing in rental properties remains a popular and lucrative strategy for wealth creation in Ireland, offering investors the opportunity to diversify their investment portfolio and build a reliable source of income for the future.
Start your journey today. Take the first step to achieve all your financial goals.
Meet our Team of Expert Advisors
How is the process to apply for a mortgage?
1. Enter your details
Your dedicated award-winning mortgage advisor will guide you through your application.
2. Digital Application
Log in to your digital application portal and upload all documents required. You can even sign digitally to make the process even easier and hassle-free.
Check your application’s status at your convenience. Indicative Approval in 72 hours after assessment.
Watch our online system in action
Watch how seamless and straight-forward Applying for your first 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?
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.
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