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Buying a property to let has become a popular investment in Ireland over the past 10 years. With rising rents, a wide range of properties available, and an affordable property market, there has never been a better time to purchase that buy to let property.
Whether it is at home or abroad, ZINC Financial can assist you with all your mortgage requirements.
So why not take the first step and pick up the phone and call ZINC Financial on 1890 570 570.
How Much Will My Repayments Be?
Mortgage repayments are dependent on the following three items:
- Size of Mortgage
- Term of Mortgage
- Interest Rate
- Our Mortgage Repayment Calculator will let you know exactly what your monthly repayments will be.
What Stamp Duty Will I Have to Pay?
Unless your purchase is a new property under 125 sq mtrs, you will be liable to pay stamp duty on the purchase price of the property. The following table outlines the stamp duty payable for both owner occupiers and investors:
| Property Value |
Rate |
| Up to €125,000 |
Exempt |
| Next €875,000 |
7% |
| Balance |
9% |
Can I Use my Current Property to Raise Finance For my Buy to Let property?
If you have equity in your exisiting property, then it is possible to release this equity to put towards your buy to let property. We can assist you with raising your current mortgage, and then finding a mortgage for your new buy to let property (the max borrowing for investment property is 80% of the purchase price). Please also remember that increasing your existing mortgage will mean increased repayments on your existing property.
| Warning: The cost of your monthly repayments may increase - If you do not keep up your repayments you may loose your home |
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| Warning: You may have to pay charges if you pay off a fixed-rate loan early. |
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| Warning: With an Interest Only Mortgage the entire amount that you have borrowed will still be outstanding at the end of the interest-only period. |
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