International Property.ie can help you find a buy to let mortgage for your property in association with Arachas mortgage brokers based in Dublin. We also work with the main lenders IIB Home Loans, Capital Home Loans and Bank of Scotland Ireland to help you finance your investment property
Loan to Value Rates
As a general rule you can expect 80% loan to value when purchasing a UK property. However beware of mortgage brokers suggesting they can secure above 80% loan to value. Very few buyers will receive a loan offer above 80% from our experience
Mortgage Providers
The three main lenders providing sterling finance for Irish buyers purchasing UK property are IIB Home Loans, Capital Home Loans and Bank of Scotland Ireland
One of the most challenging aspects in purchasing an investment property in the UK is actually getting loan offer in time to meet completion deadlines. This issue is compounded by some brokers who sometimes mistakenly lead purchasers to believe that loan offer is a formality and is simple to achieve in a few days or a couple of weeks. Remember there is a major difference between getting a verbal offer in principal from a lender and actually seeing a copy of your loan offer
As a completion policy International Property ask for proof of loan offer from all our buyers two months before completion, this ensures buyers are ready to complete on time
Re mortgaging Irish Property
If you have previously invested in residential and/or commercial property Ireland, i.e. you have equity in an Irish property it will cost much less to release this and purchase via Irish rates and it is easier to re mortgage rather than apply for a new sterling loan. It is often possible to secure finance direct from a UK lender, however they normally offer lower loan to value to non UK residents |
