Start or enhance your property portfolio with a buy to-let mortgage
🔸 BTL mortgage options are available through individuals, pensions, and Special Purpose Vehicles (SPVs).
🔸 Enjoy competitive interest rates across flexible mortgage options.
All 3 options above have their specific advantages, so it's important that borrowers explore each option to see which is best suited for their requirements.
When applying for a Buy-to-Let mortgage, regardless of the option chosen, the following documents are required.
Minimum Property Value – €115,000.
The property must be in habitable condition.
Property must be located in an urban location with a population of 3000 or more.
When applying for a Buy-to-Let mortgage, you Whichever option you apply for a Buy-to-Let mortgage (mentioned above) applying for a Buy-to-Let mortgage, the following is required;
Property Requirement:
Minimum Property Value – €115,000 The property must
be in habitable condition.
Property must belocated in an urban location with a population of 3,000 or more.
Applicants:
Up to 4 applicants can apply per application At least 1 applicant must be resident in Ireland There must be proven
earnings (salary) from all applicants of €40,000 or more
The term can be extended to your 80th birthday if required (max term
of 40 years). However, mortgage terms over the applicant’s 68th
birthday will require proof of a pension entitlement to qualify.
Interest rates vary depending on the loan-to-value ratio after the cash is released. However, rates typically offered are as follows:
The term can be extended to your 80th birthday if required (max term
of 40 years). However, mortgage terms over the applicant’s 68th
birthday will require proof of a pension entitlement to qualify.
Interest rates vary depending on the loan-to-value ratio after the cash is
released. However, rates typically offered are as follows:
Please see below a table that compares the benefits of each borrowing option for a buy-to-let mortgage.
Please see below a table that compares the benefits of each borrowing option for a buy-to-let mortgage.
|
|
Individual
|
Company (SPV)
|
Pension
|
Loan Amount
|
min - €40,000 | max - €1,250,000
|
min - €40,000 | max - €1,250,000
|
min - €40,000 | max - €1,250,000
|
|---|---|---|---|
|
Max Loan- to-Value
|
70% Loan to Value
|
70% Loan to Value
|
70% Loan to Value
|
|
Interest Rate Options
|
Interest only - 15 years Capital Interest Options |
Interest only - 10 years Capital Interest Options |
Interest only - 15 years Capital Interest Options |
|
Interest Rate
|
5.35% - 5.85%
|
5.35% - 5.85%
|
5.35% - 5.85%
|
|
ICB Check
|
Yes
|
Yes
|
No
|
|
Individual Income Assessed
|
Yes
|
No
|
No
|
|
Tax efficiency in extracting profits
|
Some what effecient
|
Very tax effecient
|
Very tax effecient
|
|
Property Value
|
€115,000
|
€115,000
|
€115,000
|
|
Age of Applicants
|
min age - 21 max age - 75 |
min age - 21 max age - 75 |
min age - 21 max age - 75 |
|
Term Available
|
5 - 35 Years
|
5 - 35 Years
|
5 - 35 Years
|
Meet John. He owns a home valued at €400,000, with only €100,000
left on the mortgage.
John had a clear goal: buy a second property to generate rental
income and build long-term wealth. He easily qualified for a second
mortgage — but didn’t have the 30% deposit required to make the
purchase.
So, what did he do?
He remortgaged his current home for €175,000, unlocking €75,000
in equity.
That €75,000 became the deposit he needed to secure his second
buy-to-let property.
Now, John:
Bought a rental property in Galway worth €250,000. Secured a loan of €175,000 at 70% LTV. Choose a 10-year interest-only term to maximise rental income, and will restructure after 10 years.
Refinanced two properties in Dublin, valued at €1 million. Secured €600,000 at 60% LTV. Used equity release to fund a third rental property.
Purchased a €200,000 rental property in Limerick. Used €100,000 from his pension and borrowed €100,000. The income goes directly back to the pension, growing tax-free.
Ans: Typically, Buy-to-Let mortgages in Ireland require a 30% down payment, with borrowing capped at 70% LTV. The Loan-to-Value ratio is limited to 65% for higher borrowings between €1 million and €1.25 million. Pension-based investments typically require a 50% deposit.
Ans: Yes, with strong rental demand in urban areas and flexible lending options, buy-to-let property investment in Ireland remains a powerful long-term wealth-building strategy. Options like 15-year interest-only or 35-year capital & interest mortgages can offer sustainable monthly returns and retirement income.
Ans: The approval for buy-to-let mortgages depends largely on rental income potential and the Loan-to-Value ratio, rather than your wages. However, there is a minimum income requirement of €40,000 per applicant (or joint applicants combined). The amount you can borrow also depends on the property’s value and rental stress testing.
Ans: The minimum loan amount for a Buy-to-Let Mortgage Ireland is €80,000. However, the absolute minimum for refinancing smaller properties or portfolios can start from €40,000, depending on the borrower’s structure and the property’s value.
Ans: Generally, yes—you’ll need a deposit of at least 30% for most buy-to-let mortgage lenders in Ireland. That means a 70% LTV is the maximum for loans under €1 million. For larger loans or pension-based borrowing, expect to contribute more.
Ans: With high rental yields in urban centres and rising rental demand, being a landlord in Ireland can be profitable, especially when paired with competitive buy-to-let mortgage interest rates and long-term repayment strategies. Investors can refinance to grow portfolios or convert short-term debt into stable, income-generating assets.
Ans: Returns vary by location and property type, but urban rental yields in Ireland often range between 4% to 7% annually. A well-financed investment using a competitive buy-to-let mortgage rate can generate strong long-term ROI, especially when using interest-only options to maximise monthly cash flow.
Ans: The lowest deposit accepted is 30% (70% LTV) for individual and company applicants, and 50% LTV for pensions (unit trusts). Some specialised options through buy-to-let mortgage lenders in Ireland may allow strategic leverage up to €7 million with a 60% LTV.
Ans: To get a buy-to-let mortgage in Ireland, you’ll need to meet criteria such as:
Apply as an individual, company (via SPV), or pension trust. Approval can be processed quickly through a residential mortgage broker experienced in investment property finance.
Ans: Rental income is subject to income tax at your marginal rate (20% or 40%), plus PRSI and USC. That said, they may deduct the full amount of mortgage interest along with various other expenses. Smart structuring, especially through SPVs or pensions, may reduce tax exposure. Professional advice is key when financing through a buy to rent mortgage Ireland structure.
Buy-to-let mortgages in Ireland empower investors to enter the property market and generate rental income. Typically requiring a 25-30% deposit, these loans are available to
For many Irish landlords, deciding whether to purchase property personally or through a Special Purpose Vehicle (SPV) is a crucial financial decision. Mortgage rates, tax
Investing in rental property has become one of the most reliable ways to build long-term wealth in Ireland. Whether you’re planning to purchase your first
Whether you’re just starting or managing a growing portfolio, our advisors are here to help. Let us guide you to the right provider, the best rates, and a future full of property investment success.
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