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100% buy to let mortgage.

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  • 14-11-2015 1:21am
    #1
    Razzen
    Registered Users Posts: 152 ✭✭


    I know it's unlikely, but does anyone know if it might be possible to get a 100% buy-to-let mortgage from anywhere??


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    #2
    Fol20
    Registered Users Posts: 3,624 ✭✭✭Fol20


    You need at least 25/30pc deposit for buy to let.. 100 buy to lets are back to good ole tiger days.. I hope they never come back.


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    #3
    aido79
    Registered Users Posts: 5,374 ✭✭✭aido79


    Razzen wrote: »
    I know it's unlikely, but does anyone know if it might be possible to get a 100% buy-to-let mortgage from anywhere??

    I think you are about a decade too late asking that question:) If these type of mortgages are ever offered again it shows that both the people taking them out and the banks offering them have learned nothing.


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    #4
    4ensic15
    Banned (with Prison Access) Posts: 4,691 ✭✭✭4ensic15


    Razzen wrote: »
    I know it's unlikely, but does anyone know if it might be possible to get a 100% buy-to-let mortgage from anywhere??

    It is possible if there is other security.


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    #5
    super_furry
    Registered Users Posts: 27,322 ✭✭✭✭super_furry


    Most banks will give you one if you have another property to put up as security.


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    #6
    Fol20
    Registered Users Posts: 3,624 ✭✭✭Fol20


    I recently enquired with all the major banks in Ireland - kbc,ebs,ptsb,ub,aib and they all told me security doesnt matter as much any more, they just look at your affordability. Its good that you have extra security but it wont secure a 100pc mortgage.


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    #7
    power101
    Registered Users Posts: 300 ✭✭power101


    Fortunately the days of getting a 100% mortgage for a home or buy to let are gone. They were the cause of our bubble.
    Loan to Value (LTV) for Buy to Let mortgages (BTLs)
    • BTL mortgages are subject to a limit of 70 per cent LTV.
    • This limit can only be exceeded by no more than 10 per cent of the euro value of all housing loans for non PDH purposes during an annual period.

    https://www.centralbank.ie/press-area/press-releases/Pages/CentralBankannouncesnewregulationsonresidentialmortgagelending.aspx


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    #8
    Fol20
    Registered Users Posts: 3,624 ✭✭✭Fol20


    PTSB told me they would do 75pc on houses and 70 on apartments.. Going from the link above, i was told incorrect information then was i?


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    #9
    ted1
    Registered Users Posts: 23,536 ✭✭✭✭ted1


    Fol20 wrote: »
    PTSB told me they would do 75pc on houses and 70 on apartments.. Going from the link above, i was told incorrect information then was i?

    There allowed 15% exceptions to the rule


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    #10
    L1011
    Registered Users Posts: 68,910 ✭✭✭✭L1011


    ted1 wrote: »
    There allowed 15% exceptions to the rule

    Which are, if you believe the media, all used up and maybe then some for 2015 already.


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    #11
    ted1
    Registered Users Posts: 23,536 ✭✭✭✭ted1


    L1011 wrote: »
    Which are, if you believe the media, all used up and maybe then some for 2015 already.

    I stopped believing the media years ago.


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