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Mortgage & Buy to let question

  • 08-07-2012 10:17pm
    #1
    cob655
    Registered Users, Registered Users 2 Posts: 53 ✭✭


    Hi,
    If I was to get a mortgage for the max the bank would allow me depending on my finances and buy a property as a home.(approx €250k)
    What sort of chances would I have of getting an other mortgage for a 'buy to let property' if I could get it for a good bit less than what it was worth.
    (eg it was valued at over €300k but I could get it for €200k )

    I know each application is on a case by case basis, but would this be something the bank might look at or would I have no chance?


Comments

  • #2
    Bank of Ireland: Graham
    Closed Accounts Posts: 371 ✭✭Bank of Ireland: Graham


    Hi cob655,

    As you mentioned, this would be dealt with on a case by case basis. It is something that we would be happy to discuss with you as we are very much open for business for mortgage customers. To speak with a Mortgage Advisor, you can call our Banking 365 Mortgages team on 1890 365 850, or call your local branch. You can find contact details for our branches here, and information on Buy to Let mortgages with us here.

    Thanks for your query,
    Graham


  • #3
    cob655
    Registered Users, Registered Users 2 Posts: 53 ✭✭cob655


    Thanks Graham,
    I'm due back into BOI later this month with regard to my mortgage application, Ill bring it up with them then.


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