Buy to let mortgages - Mortgages | Ulster Bank

Row of terrace houses

Lending criteria, terms & conditions apply. Over 18s only. Republic of Ireland residents only. Mortgaged property must be in Republic of Ireland. Security, buildings insurance & life cover required. Maximum loan to value 70%, this varies by location. Maximum term 25 years.

Considering a buy to let property?

Whether you're just starting or expanding your rental portfolio the key to a successful buy to let investment is to plan your finances and choose the right property.

We have tools and calculators to help you plan and helpful guides to lead you through every step.

If you are ready to make a move you can show agents and sellers that you're a serious buyer with our Approval in Principle letter.

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Help for what matters... We now offer €1,500 towards your legal fees

This includes first time buyers, home movers, switchers and buy to let customers for mortgage offers issued by 31 December 2017.

Find out more about the offer and who is eligible.

What's the offer & who's eligible?
A mortgage you can live with €1,500 towards your legal fees

What’s the offer

 Offer is available across the Ulster Bank residential and buy to let mortgage product range

 Mortgage offer must be issued by 31 December 2017

€1,500 payment as a contribution to your legal fees will be made into the current account from which your mortgage payment is made after mortgage drawdown. This amount is fixed and will not change if your legal fees are higher or lower

 

Who is eligible?

 Any customer taking a new mortgage, including first time buyers, home movers switchers and buy to let

 Minimum mortgage amount is €40,000 for residential and €50,000 for buy to let

 Excludes home mover mortgage where entire balance is on a historic ported product or 10 year tracker, further advance, negative equity, retention and transfer of title mortgages

 The maximum mortgage available for First Time Buyers is up to 90% of purchase price or the value of the property, whichever is lower

 For home movers a maximum Loan to Value of 80% applies - these limits may vary

 For mortgage switchers a maximum Loan to Value of 90% applies, which reduces to 80% if you want a borrow more than your current mortgage balance

 Buy to Let, negative equity mortgages and mortgages in arrears are excluded from these Loan to Value limits

Request a call back
from a mortgage specialist

Why choose us?

  • Flexible lending criteria means we don't just take your potential rental income into account - If you have other disposable income available we will include that in calculating how much we can lend
  • We'll lend on up to three properties, up to a maximum of €1,000,000 - We allow up to five properties in your overall property portfolio
  • Maximum term is 25 years for our capital and interest repayment investment mortgage - The minimum term of the mortgage is 5 years and is subject to serviceability after retirement age
  • Maximum loan to value is 50% - if the property being purchased is in the cities of Dublin, Cork, Galway or Limerick the maximum loan to value permitted is 70%
  • We're ready to meet you at your local branch with many of our branches are open Saturday mornings
  • Request a call back and one of our Mortgage Specialists will contact you at a time that you request

About our mortgages

Fixed rate mortgages

Our fixed rate mortgages may make budgeting a little easier as the repayment amount is fixed for an initial term

Find out more

Flexible variable mortgages

These mortgages track the Ulster Bank Standard Variable Rate plus or minus a set margin for the entire life of the loan

Find out more

Eligibility criteria

Find out about our eligibility criteria including how much you could borrow and for how long

Find out more

  

Getting started is easy Tools and calculators

Use our mortgage calculators to find out how much you could borrow and find a mortgage to suit you. Also see you much you could save if you make an overpayment.

This link is to a non Ulster Bank website. Ulster Bank is not liable for the accuracy of the information provided on this website.

  

Buy to Let Helpful Guides
Couple in branch with mortgage specialist The buy to let process

From working out what you can afford to finding tenants

Man browsing on tablet Landlords Checklist

Keep track of your responsibilities with this handy checklist

Man looking at invoice Costs to consider when buying a rental property

Other costs you'll need to factor into your plans

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