Great News today as the availability of buy-to-let mortgages for Southern Irish finally shows signs of improvement. Whether you are looking for deals that are BMV, high yielding, or a combination of both, this is excellent news if you are an investor based in Southern Ireland.

We have just heard that Bank of Scotland International will be launching a very competitive buy-to-let product for Southern Irish Nationals looking to purchase property in the United Kingdom. This is the highest loan-to-value product we have seem offered to Southern Irish investors for some time now; since Capital Home Loans withdrew from the market around this time last year.

Although the loan-to-value is capped at 70% compared to 75% LTV currently on offer to UK Nationals with different lenders, the introduction of this product is definitely a step in the right direction. The rate is not bad either, at just 3.34%.

Advantages

• Highest LTV residential buy-to-let product we have seen offered to Southern Irish Investors in some time
• Excellent rate of 3.34% on offer
• Also available to UK nationals living abroad, Expatriates & Foreign Nationals
Restrictions
• Maximum 70% Loan-to-value on offer to Southern Irish
• Personal income required to buy is high at £50,000 per annum
• Minimum loan amount is £100,000 meaning property must be valued at £143,000 or above
• Overall credit checks seem more stringent than usual

If you are based in Southern Ireland and wish to discuss how the introduction of this rate affects you, please feel free to call us on 0208 940 9556 or email us at info@ventispropertyinvestment.com