Housing Bridging Loans

Are you looking to move home and trade down before selling your home? Are you a property investor, seeking finance to purchase and renovate a Buy-to-Let Property or purchase a property at Auction? At ICS Mortgages we offer Housing Bridging Loans for homeowners and investors purchasing residential properties.

Our Housing Bridging Loans are available for residential property purchases for:

• Trading Up or Down

• Auction Finance

• Buy To Let Renovation

Individual Trading Down

• 12-months term for Accumulated Interest (no minimum term).

• 18-month term for Interest Only (no minimum term).

• No additional Penalty for Partial or full repayment before expiry of term.

• Up to 70% Loan to Value.

• Arrangement Fee : 2%

• Exit Fee: 1%

• Minimum loan size €100,000

• Maximum loan size €1.50m.

• Minimum property value €145,000 with no maximum property value.

• Minimum age of applicants 21 years, maximum age on maturity 70 years

• Minimum annual income €40,000 (per single/joint application)

• Up to 4 applicants on each mortgage

• We will lend for properties in Dublin (and surrounding counties Kildare, Wicklow, Meath), Galway, Cork and Limerick, Dundalk, Drogheda, Waterford City and for properties in other urban centres with population greater than 5,000 people or more

Buy To Let Renovation & Auction – Individual

• 12-months term for Accumulated Interest (no minimum term).

• 18-month term for Interest Only (no minimum term).

• No additional Penalty for Partial or full repayment before expiry of term.

• Up to 70% Loan to Value.

• Arrangement Fee : 2%

• Exit Fee: 1%

• Minimum loan size €100,000

• Maximum loan size €1.25m.

• Minimum property value €145,000 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.

• We will lend for properties in Dublin (and surrounding counties Kildare, Wicklow, Meath), Galway, Cork and Limerick, Dundalk, Drogheda, Waterford City and for properties in other urban centres with population greater than 5,000 people or more.

• An individual/company may be able to borrow up to:

  €4m if the weighted average LTV for all loans is <70%.

  Between €4-€7 million is capped at 60% LTV. With a maximum exposure of €7m.

Buy To Let Renovation & Auction – Company

• 12-months term for Accumulated Interest (no minimum term).

• 18-month term for Interest Only (no minimum term).

• No additional Penalty for Partial of full repayment before expiry of term.

• Up to 70% Loan to Value.

• Arrangement Fee : 2%

• Exit Fee: 1%

• Minimum loan size €100,000

• Maximum loan size €1.25m.

• Minimum property value €145,000 with no maximum property value.

• We will lend for properties in Dublin (and surrounding counties Kildare, Wicklow, Meath), Galway, Cork and Limerick, and for properties in other urban centres with population greater than 5,000 people or more.

• The company must be registered in Ireland, with one Irish resident Director on a minimum annual income of €40,000.

• Professional Landlord (owning a minimum of 2 investment properties).

• An Individual/Company may be able to borrow up to:

  €4m - if the weighted average LTV for all loans is < 70%.

  Between €4 million and €7 million is capped at an LTV of 60%.

• Maximum exposure of 7million.

• Fees and Charges