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Mortgage for purchase and extension/renovation.

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  • 27-06-2014 3:24pm
    #1
    okedoke
    Registered Users Posts: 924 ✭✭✭


    Obviously what is sanctioned will depend on individual circumstances but what is BOI's general policy on LTV for a house purchase and renovation/extension?


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    #2
    Bank of Ireland: Sarah
    Closed Accounts Posts: 1,640 ✭✭✭Bank of Ireland: Sarah


    Hi okedoke,

    Thanks for contacting us on Boards.

    In general we can lend up to 90% of the value of the property for a Principle Dwelling Home mortgage, including Equity release. With Loan to Value for Buy to Let, this can be up to 75%. As you said, this is subject to lending criteria. 

    You can find further information on this here

    Please let us know if you need help with anything else.

    Thanks,
    Sarah


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    #3
    okedoke
    Registered Users Posts: 924 ✭✭✭okedoke


    Thanks Sarah

    just to clarify - that would be up to  90% of purchase price plus 90% of extension/renovation spend?


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    #4
    Bank of Ireland: Sarah
    Closed Accounts Posts: 1,640 ✭✭✭Bank of Ireland: Sarah


    Hi okedoke,

    It would be best to contact our Mortgage team where our Mortgage experts will be able to advise you further on this. You can call them on 0818 200 339 between 8am and 8pm Monday to Friday.

    You can also request a callback to discuss the options available to you here 

    Thanks,
    Sarah


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