https://www.boards.ie/ Sun, 05 Apr 2026 18:21:56 +0000 en multi unit — boards.ie - Now Ye're Talkin' https://www.boards.ie/discussion/2058029264/buy-to-let-mortgage-in-multi-unit-house-rent-4-units-and-live-in-it-aswell Fri, 08 Nov 2019 22:14:42 +0000 Accommodation & Property nhoj88 2058029264@/discussions
I will have a deposit of 250k and need a loan of 375K = 60% LTV, I am not worried about the tenants or becoming a landlord as I am aware of the tax and costs involved even with a troublesome tenant, I have lots of building experience from a previous life so not worried about maintenance, I have a PAYE 55K income. Previous mortgage and savings = 1.5K pm for 1 year

This will become my family home in time, 2 years max, don't need to get into the reasons why I want to buy this and convert this way as it is not for the rental return so not worried about problems I may come across being a landlord as this is will be short term and become my family home, Then I will look to transfer this mortgage back to a residential mortgage.


Now for the questions.....

1) Can I take a BTL without another PPR??

2) Am I in a good position to secure this loan??

3) Can I tell the bank I wish to live in the house aswell as tenants or not?? If not I can *live* in my fathers house, will this satisfy the bank or will they even care??

4) When I have vacant possession can I easily change to owner occupier mortgage??

5) Which type of BTL mortgage should I take out to allow this without penalties bearing in mind I want to change it within 2 years, without penalties!!??

6) Any other considerations I should take on securing the BTL mortgage or carrying out my plan??

7) See any holes in my plan??]]>