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 mortgage with a 2nd home

  • 18-08-2023 1:33pm
    #1
    wicklow_hunter
    Registered Users, Registered Users 2 Posts: 156 ✭✭


    Hi All


    My partner an I are looking to buy a second property. We built our own home 4 years ago without a mortgage. Looking for a second investment property and recently clapped eyes on another beech front property that has our heads spinning.

    Rang one of the main banks and there telling me that I can qualify for a ' First time buyer mortgage. This is great as I don't need a 30% deposit. However they did mention It had to live there as my primary residence which isn't my intent


    Any1 on here gone down this route over a buy to let.? How strict are the banks on this practice.


    Curious to know how it would work out in practice in terms of putting down expenses to offset the costs from the rental (new property)


    Could the mortgage be switched between a standard mortgage over to a buy to let down the road?

    Post edited by wicklow_hunter on


Comments

  • #2
    dennyk
    Registered Users, Registered Users 2 Posts: 1,781 ✭✭✭dennyk


    Claiming you plan to occupy the property as an owner-occupier when you actually plan to live elsewhere and let it out would be fraud. Probably you shouldn't do fraud, and if you do do fraud, you really shouldn't ask the Internet how to do the fraud you are planning to do, as it won't look very good for you when your Boards posts and/or Google searches are being read to the jury.



Advertisement