Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

First time buyer / Buy to let - Mortgage considerations

  • 10-04-2013 7:05pm
    #1
    newtodub
    Registered Users, Registered Users 2 Posts: 28 ✭


    So I've been living in Dublin a good 18 months and there is a fair amount of 1 or 2 bed properties available close to the city, mainly Dublin 1 for sub 100kE

    The rent vs mortgage return seems to be particularly attractive and wanted some other opinions, whether your pro investment or not - I'm keen to hear opinions.

    It will be my first property and mainly have the funds under loan (80-90%).

    Tips, ideas, good to know's - basically just getting my research done and hope some people who have recently purchased could shed some light.

    Also, what are the rules for buy to let? it's possible I could move there for a period of time before being repositioned by my company, it's also possible I'll stay and just let it out and continue renting in the accommodation I am in.

    Just curious to others opinions?


Comments

  • #2
    newtodub
    Registered Users, Registered Users 2 Posts: 28 ✭newtodub


    Can any one help at all?


  • #3
    killers1
    Registered Users, Registered Users 2 Posts: 1,443 ✭✭✭killers1


    Banks don't generally lend for buy to let properties where the applicant doesn't own their own home. You could buy it as a property to live in. Max loan to value banks will give you is 75% for a 1 bed apt. There are good yields to be had on purchasing a 1 bed property in Dublin at the moment. I think your post was looking for too wide a range of information and that's why you had no replies. If you had of been more specific and dealt with 1 aspect at a time you might have had a better response.


Advertisement