Buy to Let Mortgage
Let's make building your
property portfolio easy
We take care of the hassle so you can focus on what matters while your portfolio grows.
24/7
Online Service
34 Years
Serving Ireland
765+
5 Star Google Ratings
€5+ Billion
Mortgages Completed last 20 years
Start growing your portfolio today
As one of Ireland’s buy to let mortgage experts, we have helped 1000’s with their property portfolios for the last 34 years.
Your dedicated buy to let mortgage advisor will make the property investment process a breeze whether you are looking to complete your first buy-to-let purchase, or already maintain a sizeable portfolio of properties. We focus on building highly personalised solutions that allow you to pick and choose the terms that work best for you.
Whether you need someone to help decipher complicated jargon, or need a professional to push through a time-sensitive application, we can assist. We handle all the paperwork, as well as liaising with solicitors, and surveyors throughout the process to ensure a smoothly handled transaction from start to finish.
Our advice is always free and we aim to save you €000’s – let’s get your buy to let mortgage going today.
Don't wonder what's best. Ask us!
We've been helping clients find their
perfect buy to let mortgage for 34 years.
100% free, always
The lender covers our fee – our advice is always free so you can get the best, most suitable deal.
Access all top lenders
For 34 years, we’ve established invaluable relationships with all of Ireland's lenders.
Join us in the 3% Club*
IMC is one of 3% of mortgage brokers in Ireland with direct access to all 8 top lenders.
One team for your journey
You’ll have a dedicated team of experts you can trust – people who know your application inside out.
*Per the Central Bank of Ireland register as of April 2024.
Access all of Ireland's top lenders
We're blushing...
We are honoured to make the home buying journey simple and hassle-free for so many.
Google rating score: 4.9 of 5, based on 900+ reviews
Great experience, No hassle. Would highly recommend to family and friends.
Dom Glasheen
We were really happy with Irish Mortgage Corporation. Very knowledgeable and efficient team there. Thanks for everything!
Jessica Hayden
Very helpful! Always available and offered great advice on everything.
Declan Delaney
Want to find out more?
Start your application or give us a call to get the ball rolling. There’s no hard sell or hidden agenda – we’ll simply discuss your options and provide impartial advice.
Buy to Let
Ireland
Discover the Potential of Buy to Let Investments with Irish Mortgage Corporation
The buy to let market offers lucrative opportunities for both new and seasoned investors seeking a profitable investment. As demand for rental properties soars in Ireland post-pandemic, now may be the perfect time to explore buy to let investments.
At Irish Mortgage Corporation, we will guide you through the process on buy to let mortgages in Ireland to help you understand the process and determine if it’s the right investment for you. We cover a range of essential topics, including buy to let approval in principle, buy to let company mortgage, setting up a company for buy to let, and much more.
Buy to Let Mortgages Explained
A buy to let mortgage is designed for individuals who wish to purchase a property for rental purposes rather than residing in it themselves. Typically, these mortgages can be interest-only, meaning your monthly repayments only cover the interest on the loan, not the capital. It’s crucial to have a plan for repaying the mortgage when the term ends, which may involve using savings, selling the property, or refinancing with another mortgage.
Minimum Deposit for Buy to Let Mortgages in Ireland
Investors generally need a deposit of 30% to secure a buy-to-let mortgage in Ireland. The larger the deposit, the better the rates you may qualify for. The most competitive rates are often available to investors with deposits of 50% or more of the property’s total value. Finally, Buy to Let interest rate products also tend to be considerably more expensive then residential mortgages.
Differences Between Buy to Let and Residential Mortgages
Buy to let mortgages are considered higher risk than residential mortgages due to potential rent collection issues or vacant periods. As a result, a larger deposit is required (30% of the property’s value). Unlike residential mortgages, which are usually capital and interest loans, buy-to-let mortgages often involve interest-only payments, leading to lower monthly repayments but requiring full repayment at the end of the term.
Factors to Consider When Seeking a Buy to Let Mortgage
The interest rate available on your buy to let mortgage depends on factors such as your loan size, potential rental value, and financial circumstances. It’s essential to consider various mortgage types, including fixed-rate, and standard variable mortgages, each with its pros and cons.
Additional Costs of Buy to Let Property Investment
Investing in a buy to let property also involves additional costs such as letting agent fees, landlord insurance, income tax, lender arrangement and legal fees, and stamp duty. Maintenance costs and potential periods of vacancy should also be considered.
Criteria for Securing a Buy to Let Mortgage
To qualify for a buy to let mortgage, you must meet the lender’s criteria, which typically include a good credit rating, sufficient deposit, proof of affordability, including rental income. Lenders will consider your income and projected rental income, but you must also demonstrate the ability to cover the mortgage during potential vacant periods.
Final Thoughts on Buy to Let Investments
Investing in buy to let properties can be profitable and rewarding, but it’s not without risks. Rental income is not guaranteed, and investors must be prepared to cover all associated costs. The Irish property market is highly competitive, so having a solid deposit and finance in place is essential.
Investing in buy to let properties remains an attractive prospect for many, offering potentially profitable returns and long-term growth. However, it is essential to understand and prepare for the associated risks and responsibilities that come with being a landlord.
The Irish property market is fiercely competitive, and potential investors need to be well-prepared with a sufficient deposit and a strong understanding of their financial standing. It is crucial to research the buy to let market, carefully considering mortgage options such as interest-only or fixed-rate loans, as well as factoring in additional costs like letting agent fees, landlord insurance, and tax obligations.
To ensure you make the best decisions for your buy to let investment, it is highly recommended to seek professional advice from a reputable source such as the Irish Mortgage Corporation. We can provide valuable guidance on matters such as buy to let approval in principle, setting up a company for buy to let purposes, and navigating the complexities of the 5-year fixed buy to let mortgage market.
With the right preparation and expert assistance, you can make informed choices about your buy to let investment, whether you’re exploring options for your first property or expanding an existing portfolio. By considering factors like tax implications, potential rental income, and market conditions, you can maximise your chances of success and make the most of the buy to let market in Ireland.
