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Buy to Let

If you’re planning to buy your first Buy to Let (BTL) property as an investment, expand your existing portfolio of Buy to Let properties or if you’re looking for a better deal on your existing Buy to Let mortgage we could help. At Bank of Ireland we understand the Buy to Let market and we offer a range of Buy to Let products to first time and experienced landlords. You can have up to 3 BTL mortgaged properties (with any lender including the Bank of Ireland Group). Our mortgage specialists will provide the information you need to choose which Buy to Let mortgage best suits your requirements.

Why choose Bank of Ireland?

  • Up to 75% Loan to Value (LTV)
  • A selection of rates to pick from
  • Available for purchases or remortgages
  • Fixed rate products for peace of mind
  • Excellent service from a brand you can trust

The affordability of a Buy to Let loan is primarily based on the expected monthly income generated from letting the property to a tenant. The actual income generated may be different and can be influenced over time by changes within the rental market. You will remain responsible for meeting the costs of your loan and the additional costs associated with letting the property.

A choice of mortgage payment options:

A fixed rate mortgage is ideal if you want budgeting certainty as it guarantees protection from possible interest rate rises by fixing your monthly repayments over a set period of time. You can choose how long your fixed rate lasts from a range of options, to give you tighter control of your own budget. So, if you want to be sure of your exact monthly payments, fixing your mortgage might be the right choice for you. At the end of the fixed rate period, the rate will revert to our Standard Variable Rate, as specified in the product terms and conditions.

Standard Variable Rate

This is a variable rate of interest set by a lender, which many mortgage products change to when their Promotional Period ends. Changes to a Standard Variable Rate are made at a lender’s discretion and are not directly linked to an external rate.

To apply for one of our products simply call our Mortgages Direct Team on 0800 0113 366*. We’ll talk to you about your needs and help guide you through the application process.