Ways to apply
A 'RECEIVER OF RENT' MAY BE APPOINTED AND/OR THE PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
An AIP indicates how much you could borrow based on the information you have provided, it performs various criteria and credit reference agency checks, and gives a conditional decision to lend based on its findings.
The rental income must be at least 145% of the monthly interest due inclusive of any product fees added to the loan. This is calculated using either the initial product rate or notional interest rate, whichever is higher. For a fixed rate for less than five years or a variable rate the notional interest rate is 5.5% and for fixed rate of five or more years the notional interest rate is 5%.
Aside from your deposit you will need to make sure you have enough money put aside for associated costs such as Stamp Duty, mortgage fees, solicitor’s fees and insurance.
You can apply over the phone on 0800 707 6206 or online.
•We offer mortgages that work for you, whatever your story.
•Our team of expert mortgage specialists are ready to help you each step of the way.
Here are some of the awards we have won over the last few years. The awards relate to the product range, application process and servicing which are provided in conjunction with Bank of Ireland UK.
Moneyfacts Awards 2018- Best Fixed Rate Mortgage Provider
Moneyfacts Awards 2018- Personal Finance Provider of the Year
Your Mortgage Awards 2018-2019 – Best Online Mortgage Lender