Best Rates on Buy to Let Mortgages in Ireland
- Ulster Bank are offering
- 4.95% variable on LTV upto 70% and
- 4.5% fixed for 2 years on LTV under 60%
- KBC are offering
- On LTV of under 60% 4.8% (4.5% with a KBC current acc)
- On LTV of under 60% 4.8% (4.5% with a KBC current acc)
- PTSB
- 4.8% variable on LTV under 70%
Figures correct at May 2020
A typical Buy to Let mortgage of €250,000 at 3.75% over 20 years with 240 monthly instalments would cost €355,730 (Repayment Mortgage)
Hello,
Just for your information.
As 3.75% of 250,000 is €9,375 the repayments on interest only for a €250k mortgage would be €781.25 interest only as against the quoted figure of €355.73.
A typical Buy to Let mortgage of €250,000 at 3.75% over 20 years with 240 monthly instalments would cost €355.73.
I am considering moving a Buy To Let mortgage and would like to know specifically
Lowest Interest Rate for a 60% or less LTV?
Are there restrictions on Term?
Are there any additional stipulations to avail of interest only?
Regards
Hello Aidan
Sory – the figure of €355.73 was a typing mistake – it has been corrected to €355,730. This is the total repayment over 20 years.
This figure is based on a repayment mortgage.
The lowest interest rate for LTV 60% or less is given in the article. ICS Mortgages have the lowest Buy to Let rate of 3.75% (Max LTV 60%)
It seems they charge 5.25% on interest only mortgages. http://www.icsmortgages.ie/btl-mortgages/rates