How Much Can I Borrow?
The minimum loan amount you can borrow is €40,000
Are you looking to buy your very first property to let or looking to buy your seaside holiday home?
Our advisors are here to help you make a sound decision about which Mortgage to choose for your rental or holiday home property.
The minimum loan amount you can borrow is €40,000
The minimum loan amount you can borrow is €40,000
The standard loan-to-value (LTV) for BTL is 70%. This is the max that mortgage lenders are allowed to let you borrow on a rental property. This is a Central Bank of Ireland restriction. The banks are not allowed to extend mortgage loans of more than 70% LTV.
Generally speaking, the more deposit you’re able to put down, the more favourable the interest rates you’re likely to be offered.
Minimum available term is 5 years up to a maximum of 25 years. Most lenders like to see a rental return of 125% or more, and they will stress-test this using your projected rental income and qualifying mortgage rate.