We specialise in investment property mortgages. This may be strange to read as mains stream banks have had no real appetite for it for the past few year but we do.
We can organise investment mortgages on new property purchases as well as refinancing old mortgages. We can also refinance your existing property to release equity and to use as the deposit on the new property. We offer extended interest-only on investment properties on a non-recourse basis so the mortgage is on the property as opposed to you. This means there is no recourse to you if the mortgage falls into arrears and the property is repossessed. This is based on the American system rather than the traditional Irish system so there would be less room to manoeuvre if you let the property fall into arrears. It is based on the rental yield and the value as opposed to you, so if you let the property fall into arrears the lender will move to repossess quickly. So this is purely for investment mortgages and not a mortgage for your home.