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Buy-to-Let Mortgage

Thinking about becoming a landlord? Now might be the time to consider a Buy-to-Let mortgage.

The letter P for PTSB carved out in a slate of black marble

Thinking of investing in a rental property?

Here at PTSB we like to cater to our customer’s needs so we have reviewed our Buy-to-Let mortgage offer to be more in line with what you want. So if you’re thinking of making an investment and becoming a landlord, now might be the time to consider a Buy-to-Let mortgage.

What does a PTSB Buy-to-Let mortgage offer?

  • Better rates for borrowers with lower Loan to Value (LTV) ratios.
  • A maximum LTV of 70% will apply.
  • Our minimum available term is 5 years up to a maximum of 25 years.
  • The minimum loan amount you can borrow is €40,000.
  • Principal & Interest repayments only.

For Non Resident Buy-to-Let Customers, lending levels are subject to monthly rental income from the property being a minimum of 1.5 times the stressed principle and interest Mortgage repayment, however this may vary depending on individual circumstances.

Better rates for borrowers with lower Loan to Value (LTV) ratio

The interest rate on an existing PTSB loan may vary from the rates quoted on this page. APRC stands for Annual Percentage Rate of Charge. LTV stands for Loan to Value. The quoted APRC is a typical APRC based on the assumed loan of €100,000 over a 20 year term.

New Business Buy to Let Loans (BTL) - LTV Managed Rates - Cost per €1,000
  Borrowing rate APRC over 5 yrs over 10 yrs over 15 yrs
Variable Rates*
LTV less than or equal to 50% 5.30% 5.63% €19.01 €10.75 €8.07
LTV greater than 50% and less than or equal to 60% 5.45% 5.79% €19.08 €10.83 €8.14
LTV greater than 60% and less than or equal to 70% 5.55% 5.90% €19.12 €10.88 €8.20
Fixed Rates*
3 Year New Business Fixed Rate less than or equal to 70% LTV 5.65% 5.93%  €19.17 €10.93 €8.25
5 Year New Business Fixed Rate less than or equal to 70% LTV 5.85% 6.06% €19.26 €11.03 €8.36

*Rates also available to Irish and British citizens who reside in any Eurozone country (a European Union Member State which uses the Euro as its national currency) who are earning more than €75,000 and earn all of their income in Euro, either individually or jointly.

RIP Maturity Rates
RIP SVR 5.80% 5.90%  €19.24  €11.00  €8.33

Note: The fixed rates will mature to the prevailing LTV Managed Variable Rate. The applicable maturity rate will be based on the loan to value at account opening

APRC stands for Annual Percentage Rate of Charge.

Check out our full list of rate options.

How do I apply?

You can apply online or book an appointment in branch or in a place that suits you, we’ll guide you through the process and help you every step of the way!

What else do I need to know?

Naturally there are terms and conditions to every mortgage or loan and we can go through these with you upon application. In the meantime, here is some information on the documents we will require and some useful background reading to give you a better idea of our rates and regulations.

  • Documents needed - The paperwork you'll need to help your application along the way!
  • Interest rates - See details of our competitive mortgage interest rates.
  • Important Regulatory Information for Mortgages - There are other costs associated with taking out a mortgage. To find out more, please see Important Regulatory Information for Mortgages.
  • What are the timelines for the mortgage process? Please see our FAQ’s for more details on your mortgage timelines.
  • We also recommend that you seek independent tax advice in relation to your potential investment property purchase.
  • A bank solicitor is required, for all Buy-to-Let mortgages, for loan amounts greater than €75,000. The amount payable, for a standard Buy-to-Let mortgage, is €1,000 plus 23% VAT and outlay. This amount is payable by the Borrower(s) and must be paid directly to the banks solicitor prior to the release of the loan cheque. The amount payable by the Borrower(s) is in addition to the borrower(s) solicitor fees.
Apply online Call 0818 50 24 24

 

What else do I need to know?

The above information is valid from 22 March 2024.

Warning: If you do not keep up your repayments you may lose your home.

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.

Warning: The cost of your monthly repayments may increase.

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Dedicated Mortgage Team

Our experienced Mortgage Consultants can meet you in branch or at a time and place that suits you.

Online Mortgage Portal

Start, and track the progress of, your mortgage online with our new Mortgage Portal.

Mortgage Interest Rates

Visit our mortgage rates page for more detailed information on specific mortgage rates.

Help and Support

Need help? Our Help and Support section is full of useful information.

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