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How We Help

Buying an investment property is an investment in your own future. The rent you receive can help pay the mortgage and provide you with an income. Whether you are a novice investor buying your first investment property or more experienced with a portfolio of properties, we can offer sound impartial advice.

We Make It Easy

Your own personal MortgageLine Adviser will guide you on your Buy to Let mortgage journey from start to finish.
From your first call until you get the keys and get the property rented out. We will even help you in the future to make sure you continue to benefit from a great deal on your Buy to Let mortgage.

We are Impartial

You would not settle for any old home so why would you settle for any old mortgage?

MortgageLine are not tied to any one mortgage provider. We look at a range of options to find the best mortgage solution for you.

We can save you money

Your MortgageLine Adviser will learn everything they need to know about your own unique circumstances, so that you can benefit from the best possible mortgage rate and lower repayments.
We could potentially save you tens of thousands throughout the term of your mortgage.

That’s money that is better in your pocket.

Buy to Let Mortgage Application

Things you need to know

To get a buy to let mortgage approval in Ireland, there are some steps you need to take:

Research lenders: Not all lenders offer buy-to-let mortgages, so it’s important to research mortgage lenders who specialise in this type of loan. MortgageLine will help you to compare the interest rates, fees, and terms of different lenders to find the best option for your needs.

Prepare your documentation: You will need to provide documentation to support your mortgage application, including proof of income, employment, and savings. You may also need to provide information on the property you plan to purchase, including the purchase price and expected rental income.

Consider your deposit: Generally, buy-to-let mortgages require a higher deposit than standard mortgages. Mortgage Lenders will require a deposit of 30% or more, so it’s important to consider your savings and how much you can afford to put down.

Seek professional advice: It can be helpful to seek advice from a mortgage broker or financial advisor who specialises in buy-to-let mortgages. MortgageLine can help you find the best mortgage deal and navigate the mortgage application process.

Get Advice

Not every mortgage application is the same and that’s where MortgageLine can help. We will take the time to understand your own unique situation and explain your options.
Our Mortgage Advisers are fully qualified and experienced. We have seen every type of mortgage application over the years and will be able to put you on the path to a successful mortgage application.
Our Mortgage Calculators will help you get started, however unless you are a personal finance expert you will need help making the important decisions.

That is where we come in.  Our expert Financial Advisers will manage your mortgage application from start to finish.

Buy to Let Mortgage FAQ

If I move home can I keep my current property and rent it out?

A buy-to-let mortgage is a loan used  to purchase a residential property that you intend to rent out. You may have an existing property that you are currently living in but you intend to move and rent it out. This is ok but before you rent out the property you will need to get the mortgage lender’s permission. Your standard mortgage will then become a buy to let mortgage.

Are the mortgage interest rates higher for a buy to let mortgage?

Buy to let mortgage interest rates are generally a bit higher than normal residential mortgage rates. Buy to let mortgages are more of a niche product that not all mortgage lenders provide and hence why they charge higher mortgage interest rates. In some cases if you are buying a holiday home then you may be able to secure normal homeloan mortgage rates. Ask your MortgageLine Adviser for details.

What is a landlord mortgage?

BTL mortgages, sometimes referred to as ‘landlord mortgages’ can be used to buy residential rental property, student accommodation, holiday homes, or anything in between.

What’s the difference between a homeloan and a buy-to-let mortgage?

With a Homeloan the mortgage holder will likely be the permanent resident of the property, whereas with a buy to let these types of mortgages are specifically designed for letting to tenants.

The majority of residential mortgages are repayment mortgages. This means you repay a portion of the loan and interest every month. Buy to let mortgages on the other hand can be taken out on an interest-only basis, so you will only be required to repay the mortgage interest each month and the mortgage balance will remain the same.

How much can you borrow for a buy-to-let mortgage?

How much you can borrow for a BTL mortgage usually boils down to the amount of rental income that you’re expecting to receive from the tenants of the property. Usually, the income needs to be at least 25-30% higher than what you’re paying for the mortgage.

Most lenders like to see a rental return of 125% or more, and they will stress-test this using your projected rental income and qualifying mortgage rate.

Rental yield refers to the amount of money you make on a Buy to let property by measuring the difference between your overall costs and the income you receive from letting it out. This is calculated by dividing the purchase price by the amount of yearly rent generated. A rental yield of 8% or more is generally viewed as healthy.

As an example, if the purchase price of your property was €200,000 and your tenants pay €350 a week rent, the annual rent €18,200, making your property yield just under 11%.

Are there minimum income requirements for a BTL mortgage?

While the majority of buy-to-let mortgage providers base affordability on projected rental income, some will only agree to lend if you bring in a certain amount from other sources – regardless of whether you intend your investment to be self-funding.

How much deposit is needed for a buy-to-let mortgage?

Deposit requirements for buy-to-let mortgages are far higher than residential ones, as they are considered a riskier investment.


The standard loan-to-value (LTV) for BTL is 70%. This is the max that mortgage lenders are allowed to let you borrow on a rental property. This is a Central Bank of Ireland restriction. The banks are not allowed to extend mortgage loans of more than 70% LTV.

Generally speaking, the more deposit you’re able to put down, the more favourable the interest rates you’re likely to be offered.

Will my age impact my BTL mortgage eligibility?

As a general rule, most BTL lenders will only consider applicants over the age of 21 for a BTL mortgage. However a mortgage lender will also generally want you to own your own home already and have a regular income.

Some mortgage lenders will want the buy to let mortgage to be finished before you are age 70 but others will let you go up to age 75.

If you’re concerned that your age will negatively impact your BTL application, get in touch to discuss your options.

Is a BTL investment right for me?

If you’ve got the means and opportunity, becoming a landlord can be a tempting investment prospect. But it’s important to understand the market and what you’re letting yourself in for – why not ask a mortgage broker to explain the process in more detail?

Why speak to a specialist buy-to-let mortgage broker?

Becoming a buy-to-let landlord is a big commitment, and you should give it plenty of thought before jumping into a decision.

Buy to Let Mortgage FAQ

If you have questions and want to discuss the viability of a Buy to Let mortgage then a good starting point is to have a chat with a mortgage broker. A mortgage broker, like MortgageLine, will take the time to understand your individual requirements and investment goals, and recommend the next steps to take.

Apply Online or give us a call and the MortgageLine team will be in touch to help get your plans in motion.

Differences Between Buy-to-Let and Residential Mortgages

Understanding the differences between buy-to-let and residential mortgages is crucial for both seasoned investors and first-time buyers. Each type of mortgage serves distinct purposes and comes with its own set of requirements, benefits, and considerations.

Main Differences:

Residential Mortgages: Designed for purchasing a primary residence where the borrower will live.
Buy-to-Let Mortgages: Intended for purchasing properties to rent out to tenants for investment purposes.
Interest Rates:

Residential Mortgages: Typically have lower interest rates compared to buy-to-let mortgages due to lower perceived risk for lenders.
Buy-to-Let Mortgages: Interest rates may be higher due to the higher risk associated with rental properties.
Deposit Requirements:

Residential Mortgages: Usually require a lower deposit, often starting from around 5% to 10% of the property’s value.
Buy-to-Let Mortgages: Typically require a higher deposit, commonly ranging from 20% to 40% of the property’s value.
Eligibility Criteria:

Residential Mortgages: Lenders assess affordability based on the borrower’s income, credit history, and other financial factors.
Buy-to-Let Mortgages: Lenders also consider the property’s rental income potential and the borrower’s ability to manage the investment.
Tax Implications:

Residential Mortgages: Generally, there are no specific tax implications related to owning and living in your primary residence.
Buy-to-Let Mortgages: Rental income is taxable, and landlords may also be subject to additional taxes such as stamp duty and capital gains tax.
Regulatory Differences:

Residential Mortgages: Governed by regulations aimed at protecting consumers and ensuring responsible lending practices.
Buy-to-Let Mortgages: May have fewer regulatory protections, as they are primarily considered investment products.

Criteria for Securing a Buy to Let Mortgage

The lender’s requirements, which usually include a decent credit score, a sizeable deposit, and evidence of affordability, must be met in order for you to be eligible for a buy-to-let mortgage. Although your income and expected rental revenue will be taken into account by the lender, you will also need to show that you can afford the mortgage during any periods when you could be unemployed.

We are dedicated to providing our clients with a comprehensive range of buy-to-let (BTL) options to suit their investment needs. Our offerings include competitive mortgage products from trusted lenders such as PTSB, ICS, and Finance Ireland. For those looking to maximize their investment potential with a lower Loan-to-Value (LTV) ratio of less than 50%, we are pleased to offer attractive rates starting from as low as 5.30%.

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Help Articles

Important Information For BTL Buy to Let Customers

  • If you decide to repay a fixed-rate loan ahead of its scheduled termination, you might be subject to early repayment charges. Failing to make timely loan repayments can lead to your account falling into arrears, adversely impacting your credit score. This could restrict your future access to credit facilities.
  • Please note that the interest rate attached to your loan is not fixed and may be modified by the lender at various intervals. As a result, the cost of your monthly repayments could rise, affecting your financial planning.
  • In the case of an interest-only mortgage, it is important to understand that you will be required to repay the full principal amount borrowed at the end of the interest-only period, as only the interest is being paid off during the mortgage’s term.
  • For those who have invested in Buy-to-Let properties, it is crucial to maintain consistent payments on mortgages or any other loans secured against the property. Failure to do so can put your property at risk of repossession.

[Note: Lending Criteria, Terms & Conditions apply & are subject to change.]

Living in a Property with a Buy to Let Mortgage Customers

As a mortgage advisor, it’s essential to clarify the implications of residing in a property that has been financed through a buy-to-let mortgage. Buy-to-let mortgages are specifically designed for properties that are intended to be rented out to tenants rather than used as personal residences. When a property buyer secures this type of mortgage, they agree to a contractual condition that the property will not be their primary or secondary personal residence.

Choosing to live in a property purchased with a buy-to-let mortgage without informing the lender is considered a breach of this agreement and can have severe legal and financial consequences. This action is classified as mortgage fraud because it involves providing false information to the lender about the property’s intended use.

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