Buy to Let

HomeBuy to Let

HALPIN WEALTH AND MORTGAGES

Investing in property can be a rewarding long term strategy, whether you are purchasing your first rental property or expanding an existing portfolio. We help you understand how buy to let mortgages work in Ireland before you take the next step.

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Building your property portfolio

Investing in property can be a rewarding long term strategy, whether you are purchasing your first rental property or expanding an existing portfolio. Understanding how buy to let mortgages work in Ireland is essential before taking the next step.

How much can you borrow

Buy to let mortgages in Ireland are not subject to the same Central Bank lending limits as owner occupier mortgages. However, lenders will typically lend up to 70% of the property's value, meaning you will need a minimum deposit of 30%. Affordability is assessed primarily on the expected rental income from the property rather than your personal income alone.

Rental income requirements

Most lenders require the projected monthly rent to cover the monthly mortgage repayment. This rental stress test is designed to ensure the investment remains sustainable even if interest rates rise or the property is temporarily unoccupied. A rental projection from a local letting agent is typically required as part of the application.

Interest only options

Unlike residential mortgages, many buy to let lenders in Ireland offer interest only repayment options, particularly for the initial term of the loan. This can improve monthly cash flow for investors, though it is important to have a clear strategy for repaying the capital over time.

The process

We assess your investment goals, review the property and expected rental income, and identify the most suitable lenders for your circumstances. We then manage the full application process through to drawdown, keeping things as straightforward as possible.

Quick Facts

Minimum Deposit30% of the property's value
Max Loan to ValueTypically up to 70%
Rental Stress TestProjected rent must typically cover the mortgage repayment
Rental Report RequiredA projection from a local letting agent is needed for your application
Interest Only AvailableOften offered for the initial term to improve cash flow projections
No Central Bank CapBuy to let is not subject to the same limits as home mortgages
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KEY CONSIDERATIONS

What to Plan For

A few things worth understanding before you take the next step into property investment.

The Deposit

You will typically need a minimum deposit of 30% of the property's value, higher than a standard home mortgage.

The Rental Stress Test

Lenders check that the projected rent covers your mortgage repayment, protecting you if rates rise or the property is vacant.

Repayment Strategy

If choosing interest only, you will need a clear plan for repaying the capital over the life of the loan.

Letting Agent Report

A rental projection from a local letting agent is typically required as part of your mortgage application.

THE JOURNEY

Your Investment Made Simple

We guide you every step of the way, from your first conversation to drawdown on your investment property.

Getting Ready
1
Starting your Journey

We begin with a conversation to understand your investment goals and how we can best support you in achieving them.

2
Investment Consultation

We discuss your options, gather your information, and explain the process ahead.

3
Rental Projection

A local letting agent provides a rental projection to support your application.

Securing Your Mortgage
4
Mortgage Application

We identify the most suitable lenders for your circumstances and submit your application.

5
Getting Approved

Once your mortgage approval is in place, the process moves toward completion.

6
Appoint a Solicitor

Your solicitor will look after all of the legal work required for the purchase.

Getting Your Keys
7
Property Valuation

The bank requires a valuation of the property to progress your mortgage.

8
Exchange of Contracts

The seller's solicitor will draw up a contract and send it to your solicitor to review.

9
Drawdown

Your mortgage is drawn down and your investment property is officially yours.

Curious what your numbers could look like?

Use our calculator below to see your potential rental yield and cash flow.

Try the Calculator

Buy to Let Mortgage Calculator

Get an instant estimate of your rental yield and cash flow, speak to our team for personalised advice

The Property
Enter property value and deposit
Capital & Interest
Interest Only
The Rental Income

Your Results

Enter your details and click Calculate

These calculations are for illustrative purposes only and do not constitute financial advice. Speak to a qualified financial advisor before making any decisions.

GOT QUESTIONS?

Buy to Let FAQs

Lenders typically require a minimum deposit of 30% of the property's value for a buy to let mortgage, meaning they will lend up to 70% loan to value. This is higher than the deposit required for a home mortgage.
A rental stress test checks that the projected rental income from the property covers your monthly mortgage repayment. This ensures the investment remains sustainable even if interest rates rise or the property is temporarily unoccupied.
Yes, many buy to let lenders in Ireland offer interest only repayment options, particularly for the initial term of the loan. This can improve your monthly cash flow, though you will need a clear strategy for repaying the capital over time.
Yes, most lenders require a rental projection from a local letting agent as part of your mortgage application to confirm the expected rental income for the property.
No. Buy to let mortgages are not subject to the same Central Bank of Ireland lending limits as owner occupier mortgages. Lenders instead assess affordability primarily on the expected rental income, alongside their own deposit and lending criteria.
Beyond your deposit, you should budget for Stamp Duty, solicitor fees, a valuation fee, letting agent fees, landlord insurance, and an allowance for ongoing maintenance and any periods the property may be vacant. We will give you a full breakdown at your consultation.
Yes, landlord insurance is required for a rental property and differs from standard home insurance. It typically covers the building along with landlord specific risks such as loss of rent. We can advise you on suitable cover.
Rental income is subject to income tax and must be declared to Revenue each year. We are not tax advisors, so we recommend speaking to your accountant alongside our mortgage advice to understand your full tax position.

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Ready to Grow Your Property Portfolio?

Book a free, no obligation consultation and we will talk you through your investment options.

Book a Free Consultation Start Your Application

Halpin Wealth Management Ltd. t/a Halpin Wealth and Mortgages is regulated by the Central Bank of Ireland. These pages are for information purposes only and do not constitute financial advice.