If you are a property investor in Ireland looking to expand your portfolio, using a Special Purpose Vehicle (SPV) could be one of the smartest moves you make. An SPV mortgage Ireland allows you to purchase buy-to-let properties through a limited company, offering potential tax advantages and greater financial flexibility. And the best part? With the right guidance, you can go from SPV setup to mortgage offer in as little as 7 days.
At Money Maximising Advisors Limited, we specialise in helping property investors across Dublin, Galway, and all of Ireland navigate the SPV mortgage Ireland process from start to finish. In this guide, we will show you exactly how a limited company buy to let Ireland works and how you can get started quickly.
What Is an SPV Mortgage and Why Use One?
A special purpose vehicle property Ireland, commonly known as an SPV, is a limited company set up specifically for the purpose of purchasing and managing investment properties. Unlike buying property in your personal name, an SPV property company keeps your investment activity separate from your personal finances.
There are several advantages to this approach, including potential tax efficiencies, limited personal liability, and easier portfolio management. For a detailed explanation, check out our article on What Is an SPV Mortgage and How Do They Work?.
Step-by-Step: From SPV Setup to Mortgage Offer in 7 Days
It might sound ambitious, but with the right preparation, going from SPV setup to mortgage offer in 7 days is very achievable. Here is how the process typically works:
Day 1–2: Set Up Your SPV Limited Company
Register a limited company with the Companies Registration Office (CRO). The company’s memorandum and articles of association should clearly state that the purpose of the company is property investment. You will also need to set up a business bank account. Your solicitor or accountant can help with this.
Day 2–3: Prepare Your Buy to Let Mortgage Application
Gather all the required documentation for your buy to let mortgage Ireland application. This includes your personal financial details, proof of income, details of the SPV company, and information about the property you intend to purchase. Meeting the BTL mortgage requirements early is key to a quick turnaround.
Day 3–5: Submit Your Application to the Lender
Once your SPV is registered and your documents are in order, submit your application to a lender who offers limited company buy to let Ireland mortgages. Not all lenders offer SPV mortgage products, so working with an experienced advisor is crucial. Our team at Money Maximising Advisors Limited knows exactly which lenders to approach.
Day 5–7: Receive Your Mortgage Offer
With everything in place, some lenders can issue an Approval in Principle or even a formal mortgage offer within days. The speed depends on the lender, the completeness of your application, and the property details. Having everything ready from day one is what makes the 7-day timeline possible.
For a more detailed walkthrough, our Step-by-Step Guide: How to Get an Investment Property Mortgage in Ireland (Using an SPV) is essential reading.
How Much Deposit Is Needed for Buy to Let in Ireland?
For a buy to let property Ireland guide, one of the most important figures to know is the deposit requirement. Most lenders require a minimum deposit of 30% for buy-to-let properties in Ireland. This means for a property worth €300,000, you would need at least €90,000 as a deposit.
Some lenders may require even more depending on the property type, location, and your financial profile. The BTL mortgage eligibility criteria are stricter than for residential mortgages, so having a larger deposit can strengthen your application significantly.
What Is the Maximum LTV for Buy to Let in Ireland?
The maximum Loan-to-Value (LTV) for a buy-to-let mortgage in Ireland is typically 70%, meaning you can borrow up to 70% of the property’s value and must fund the remaining 30% yourself. This applies whether you are buying in your personal name or through an SPV property company.
For a comparison of buying through a company versus personally, see our article on Buy-to-Let vs SPV Mortgage: What Every Irish Property Investor Should Know.
SPV Mortgage Ireland: Tax Benefits and Advantages
One of the biggest draws of using an SPV mortgage Ireland is the potential tax benefits. When you hold property through a limited company, you may be able to claim mortgage interest as a full deduction against rental income, which is not always possible for personal landlords.
Corporation tax rates can also be more favourable than personal income tax rates for higher earners. For a full breakdown, read our guide on Ireland SPV Tax Benefits: What Every Real Estate Investor Should Know. You can also compare rates in our article on Buy-to-Let Mortgage Rates vs SPV Mortgage Rates in Ireland: A Complete Comparison.
Do Irish Banks Offer SPV Buy to Let Mortgages?
Yes, several Irish lenders and specialist mortgage providers offer SPV buy to let mortgages. However, not all mainstream banks provide this product, which is why working with a specialist advisor is so important. At Ireland’s Best SPV Mortgage Experts – Money Maximising Advisors, we have established relationships with lenders who actively support property company vs personal ownership structures.
Ready to set up your SPV and secure a mortgage? Enquire Now for expert advice, or Book Now to schedule a consultation with one of our SPV mortgage specialists. You can also Contact Us or Book an Appointment directly.
Conclusion
Setting up a limited company for buy-to-let investment and securing an SPV mortgage Ireland does not have to be a long, drawn-out process. With the right preparation and expert guidance, you can go from SPV setup to mortgage offer in as little as 7 days. At Money Maximising Advisors Limited, we are Ireland’s leading SPV mortgage experts, helping investors across Dublin, Galway, and beyond build their property portfolios efficiently and profitably.
Frequently Asked Questions (FAQs)
1. How long does it take to get a buy to let mortgage in Ireland?
With proper preparation, you can receive an Approval in Principle within a week. The full process from application to drawdown typically takes four to eight weeks, depending on the lender and property.
2. How much deposit is needed for buy to let in Ireland?
Most lenders require a minimum deposit of 30% of the property’s value. This means for a €300,000 property, you would need at least €90,000 as a deposit.
3. Can I get a buy to let mortgage through a limited company in Ireland?
Yes, several lenders in Ireland offer SPV or limited company buy-to-let mortgages. Not all mainstream banks provide this product, so working with a specialist advisor is recommended.
4. What is the maximum LTV for buy to let Ireland?
The maximum Loan-to-Value for buy-to-let mortgages in Ireland is typically 70%. This means you can borrow up to 70% of the property’s value and must provide the remaining 30% as a deposit.
5. Do Irish banks offer SPV buy to let mortgages?
Yes, though not all mainstream banks offer this product. Several specialist lenders and some mainstream banks do provide SPV mortgage options for property investors. An experienced mortgage broker can match you with the right lender.
Disclaimer
This article provides general information and should not be considered personalised mortgage, tax, or investment advice. Irish property laws, mortgage lending rules, and tax regulations change periodically, and individual circumstances vary. Always consult with our qualified financial advisors, mortgage specialists, or tax professionals before making significant property investment decisions.
