Our mortgages are available to:
Individuals
Companies
Pension (Unit Trusts)
These mortgages are available on variable interest rates only. This means that the interest rate may increase or decrease over the course of the mortgage term.
Individual Buy-to-Let Investors
This product is available to first time investors, experienced landlords and accidental landlords (those who have inherited properties and are using as investment properties).
Features
15 year Interest Only option
35 year Capital and Interest option
35 year Flexi-Mortgage*
Term 5 to 35 years
Up to 4 applicants on each mortgage
*1 to 10 year Interest Only option with remaining term on Capital and Interest up to 35 years depending on age
Criteria
Up to 70% Loan to Value* (Loans up to €1.25m)
Up to 65% Loan to Value (Loans from €1m up to €1.50m)
Minimum loan size €80,000 Minimum age of applicants 21 years, maximum age on maturity 75 years
Minimum annual income €40,000 (per single/joint application)
An individual may be able to borrow:
Up to €4m - if the weighted average LTV is 70% and Between €4m and €7m if the weighted LTV average is below 60%.
Company Buy-to-Let Investors
This product is available to first time investors and professional landlords. The company must be a Special Purpose Vehicle (SPV). This means that the company is set up and used for a specific purpose only, in this case, for property purchasing. This product is not available to companies that do not operate as a SPV.
Features
15 year Interest Only option
35 year Capital and Interest option
35 year Flexi-Mortgage*
Term 5 to 35 years
Up to 4 applicants on each mortgage
*1 to 10 year Interest Only option with remaining term on Capital and Interest up to 35 years depending on age
Criteria
Up to 70% Loan to Value* (Loans up to €1.25m)
Up to 65% Loan to Value (Loans from €1m up to €1.50m)
Minimum loan size €80,000 Minimum age of applicants 21 years, maximum age on maturity 75 years
Minimum annual income €40,000 (per single/joint application)
An individual may be able to borrow:
Up to €4m - if the weighted average LTV is 70% and Between €4m and €7m if the weighted LTV average is below 60%.
Pension (Unit Trust) Mortgage Investors
This product is available to anyone with a self administered pension. The self administered pension must be with one of our listed Trustees, we will supply you with a list of appointed trustees in your application pack. To apply for this product, you will need to receive pension advice from a qualified advisor.
Features
15 year Capital and Interest payments.
Term 5 to 15 years.
Criteria
Up to 50% Loan to Value.
Minimum loan size €50,000 - up to €1,500,000.
Minimum property value €100,000.
Please note Trustees will have their own individual criteria. The Trustee or your pension advisor will guide you on the requirements in relation to the pension
Our Pension (Unit Trust) Mortgage is available through our Direct Team, Pension Advisers and ICS Mortgages Broker channel.
Repayment options
Capital and Interest:
Or regular repayments, means that with every monthly payment, you will be paying two things: the Capital (the money you borrowed) and the interest. If you make all payments on time, this mortgage ensures you will own the property outright at the end of the agreed term.
Interest Only:
Choosing interest only means that your monthly payments cover only the interest charged on the money you borrowed, rather than reducing the amount you borrowed (the capital). As you not paying back the capital each month, your monthly payments are lower than a Capital and Interest mortgage, but you we will still owe the full amount you borrowed at the end of the term.
Flexi Mortgages:
Interest only payments are available from 1 - 10 years. When the interest only period is over, you will switch to full capital and interest payments. for the remainder of the term. Your monthly repayments will increase when moving from Interest only to Capital and Interest. Should you make all your payments, the full mortgage will be cleared at the end of term.