Thanks to the restoration of mortgage interest relief, 'Buy to Let' properties (residential investments) are more popular than ever. Some people are seasoned investors and wish to carry on building a portfolio. Others are just looking down the road, and investing now to give their children some chance of getting onto the property ladder when the time comes.

'Buy to Let' mortgages are designed exclusively for investors in the residential market. They are tailored tailored to allow for sensible tax planning, and also give you maximum flexibility in raising the capital to fund the investment.

While purchasing a Buy to Let property can be a lucrative endeavour, it’s important to invest in the right property and secure the best mortgage available. As an independent broker, Philip O’Reilly & Co. Ltd can offer you impartial advice on the best mortgages deals from the main mortgage providers in Ireland

• Up to 100% finance available if you have other investment property to offer as security such that the overall loan to value ratio is 75% or less.
  
  
• Up to 90% finance available for first time investors in the market.
  
  
• Alternatively you can take out a personal loan on your home mortgage to raise the balance of funding required.
  
  
• Flexible Terms - up to 25 years.
  
  
• Interest only option available for up to the first 5 years subject to criteria. Available on Loan to Value of less than 75%.   

Benefits of Buy to Let?

• A choice of Endowment or Pension mortgages, where interest only is serviced on the loan and where the capital balance is repaid at the end of the term out of the maturity of an Endowment or Pension Policy.
  
  
• Annuity Mortgage where the repayments are spread evenly over term and the loan balance reduces over time.
  
  
• Capital moratoriums for a pre-agreed period to allow for lower repayments at the start of the loan (e.g. useful during periods of refurbishment etc. when the property would not be producing any rental income).
  
  
• If your home mortgage is with another lender, we can look at a refinance package at very competitive rates which will save you money over the long term.
  
  
• Philip O'Reilly Hooper Dolan Insurances Ltd. can also provide a range of insurance services as part of the package. You will need specialised insurance if you have tenants in the property, and can help to put this in place in a seamless way on the day you buy the property.
  
  
• Philip O'Reilly & Co. can also provide the life insurance to cover the loan, as well as critical illness cover if that is required.
  
  
• Philip O'Reilly is also prepared to use your solicitor to put the mortgage in place. This eliminates the need for two solicitors, and cuts costs for you. It also puts you in a better position of control.
  
  
• Most important of all, will offer very competitive rates, on all of its products, from the loan itself, through to our insurance products.
  

For further information on Buy to Let Loans Contact Us, phone 065 68 44448 or submit out Buy to Let Quotation.