Blue Sky Mortgages regularly advertises its latest investor mortgage rates in the Sunday Business Post, Phoenix Magazine, Village Magazine, You and Your Money Magazine and many regional newspapers.
The recent property boom in Ireland has been partly fuelled by investors purchasing properties for letting purposes. The attraction for the investor is that the tenant is contributing to some or all of the mortgage term. The plan in most cases is for the investment property to become a loan-free asset which could be a significant income generator in retirement. Some investors also have a medium term plan in mind whereby the investment property may be used by a son or daughter when studying away from home.
The increase in demand in this area has led to an increase in the number of mortgage products available from lenders. This is very good news for customers, because where there is choice there is normally better value. Some products are aimed at investors looking to borrow as much as possible whereas others are aimed at investors who have larger deposits and are looking to secure the lowest possible rate. Whichever category you fit into, at Blue Sky Mortgages we would be happy to assess your circumstances and recommend the best possible solution for you.
Combining Buy-To-Let Loans
If you are a property investor and have more than one mortgage, you may be able to save money by combining them into one single arrangement. There may be a cheaper rate available and you will find your mortgage portfolio much easier to manage.
At Blue Sky Mortgages we can run a calculation on all of your outstanding mortgages, the terms, rates and repayments. From this, we can assess if there is an advantage in combining the loans – and remember, many of our lenders are prepared to pay your legal fees!
There have also been several new products recently launched into the Irish market aimed at customers with multiple buy-to-let properties. The mortgage advice we provide is independent and we would be delighted to find you the best deal.
