Product Features

Whether you are an established landlord or this is your first Buy-to-Let property, we know it’s important for you to make the right investment decision. 

Established in 1864, ICS Mortgages is one of Ireland’s leading mortgage brands. Our Buy-to-Let Mortgage is available to new and existing property investors looking for a flexible and tax-efficient mortgage. We will also lend to those wishing to refinance a property portfolio.

Our mortgages are available to:

  • Individuals
  • Companies
  • Pension (Unit Trust) Mortgages

Individual Buy-to-Let Investors

Features and Benefits

  • 5 - 15 year Interest Only option
  • 5 - 20 year Capital and Repayment option
  • 35 year Flexi-Mortgage (1 to 10 year Interest Only option with remaining term on Capital and Interest up to 35 years depending on age)*
  • Up to 70% Loan to Value (Loans up to €1m)
  • Up to 65% Loan to Value (Loans from €1m up to €1.25m)
  • Minimum loan size €40,000 – Maximum loan size €1.25m
  • Term 5 to 35 years
  • Minimum property value €80,000 with no maximum property value
  • Minimum age of applicants 21 years, maximum age on maturity 75 years
  • Minimum annual income €40,000 (per single/joint application)
  • Up to 4 applicants on each mortgage
  • An individual may be able to borrow up to:
    • €4m - if the weighted average LTV < 50%
    • €3m - if the weighted average LTV for all loans is >50% and <60%
    • €2m - if the weighted average LTV for all loans is >60% and <70

    *Minimum Interest Only and Capital and Interest period of 1 year applies

Company Buy-to-Let Investors

Features and Benefits

  • 10 year Interest Only option
  • 5 - 20 year Capital and Repayment option
  • 35 year Flexi-Mortgage (1 to 10 year Interest Only opti on with remaining term on Capital and Interest up to 35 years depending on age)*
  • Up to 65% Loan to Value (Loans up to €1m)
  • Up to 60% Loan to Value (Loans from €1m to €1.25m)
  • Minimum loan size €40,000 – Maximum loan size €1.25m
  • Term 5 to 35 years
  • Minimum property value €80,000 with no maximum property value
  • An Individual/Company may be able to borrow up to:
    • €4m - if the weighted average LTV < 50%
    • €3m - if the weighted average LTV for all loans is >50% and <60%
    • €2m - if the weighted average LTV for all loans is >60% and <65%

Pension (Unit Trust) Mortgage Investors

Features and Benefits

  • 15 year Capital and Repayment option
  • 15 year Interest Only Option*
  • Non-Recourse Lending
  • Up to 50% Loan to Value
  • Minimum loan size €40,000 - up to €500,000
  • Term 5 to 15 years
  • Minimum property value €80,000 with no maximum property value. Please note Trustees may have additional criteria.

*Capital payments can be made on an annual basis or regular overpayment by standing order. Please note that this is entirely at the discretion of the Trustee/Beneficiary and ICS Mortgages cannot accept any liability if such payments are not made.

Our Pension (Unit Trust) Mortgage is only available through Pension Advisers and ICS Mortgages Intermediary channel. This product is not available through ICS Mortgages Direct.

Please click here for a list of ICS Mortgages appointed mortgage credit Intermediaries.

Warnings

ICS Mortgages does not require a life policy to be assigned for a buy-to-let mortgage, however, we strongly recommend that suitable cover for the amount and term of the loan is in place to provide adequate protection for all applicants.

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 Credit agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

WARNING: The payment rates on this loan may be adjusted by the lender from time to time. The cost of your monthly repayments may increase.

WARNING: If you have an interest-only Mortgage the entire amount that you have borrowed will still be outstanding at the end of the interest-only period.

WARNING: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.

WARNING: If you do not keep up your repayments you may lose your home.

WARNING: The cost of your monthly repayments may increase. (Variable rate loans)

Product details and rates are correct as at 02.02.2018 but are subject to change. Lending Criteria, Terms and Conditions apply and are subject to change.

Dilosk DAC trading as Dilosk and ICS Mortgages is regulated by the Central Bank of Ireland.

For more information contact ICS Mortgages

PHONE: 1890 427 427

EMAIL: icsdirect@dilosk.com

Or contact your local Mortgage Broker

We’d be delighted to do business with you