Here at permanent tsb we like to cater to our customer’s needs so we have reviewed our Buy-to-Let mortgage offer to be more in line with what you want. So if you’re thinking of making an investment and becoming a landlord, now might be the time to consider a Buy-to-Let mortgage.
For Non Resident Buy-to-Let Customers, lending levels are subject to monthly rental income from the property being a minimum of 1.2 times the stressed principle and interest Mortgage repayment, however this may vary depending on individual circumstances.
The interest rate on an existing permanent tsb loan may vary from the rates quoted on this page. APRC stands for Annual Percentage Rate of Charge. LTV stands for Loan to Value. The quoted APRC is a typical APRC based on the assumed loan of €100,000 over a 20 year term.
| Borrowing rate | APRC | over 5 yrs | over 10 yrs | over 15 yrs | |
Resident |
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| Variable Rates | |||||
| LTV less than or equal to 50% | 4.80% | 5.10% | €18.78 | €10.51 | €7.80 |
| LTV greater than 50% and less than or equal to 60% | 4.95% | 5.26% | €18.85 | €10.58 | €7.88 |
| LTV greater than 60% and less than or equal to 75% | 5.05% | 5.37% | €18.89 | €10.63 | €7.93 |
| Fixed Rates | |||||
| 3 Year New Business Fixed Rate less than or equal to 70% LTV | 4.65% | 5.23% | €18.71 | €10.44 | €7.73 |
| 5 Year New Business Fixed Rate less than or equal to 70% LTV | 4.85% | 5.26% | €18.80 | €10.53 | €7.83 |
| RIP Maturity Rates | |||||
| RIP SVR | 5.80% | 5.90% | €19.24 | €11.00 | €8.33 |
Non ResidentAvailable to Irish and British citizens who are resident in any Eurozone country (a European Union Member State which uses the Euro as its national currency) who are earning more than €75,000 and earn all of their income in Euro, either individually or jointly. |
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| Variable Rates | |||||
| LTV less than or equal to 50% | 4.80% | 5.10% | €18.78 | €10.51 | €7.80 |
| LTV greater than 50% and less than or equal to 60% | 4.95% | 5.26% | €18.85 | €10.58 | €7.88 |
| LTV greater than 60% and less than or equal to 70% | 5.05% | 5.37% | €18.89 | €10.63 | €7.93 |
| Fixed Rates | |||||
| 3 Year New Business Fixed Rate less than or equal to 70% LTV | 4.65% | 5.23% | €18.78 | €10.51 | €7.80 |
| 5 Year New Business Fixed Rate less than or equal to 70% LTV | 4.85% | 5.26% | €18.80 | €10.53 | €7.83 |
Note: The fixed rates will mature to the prevailing LTV Managed Variable Rate. The applicable maturity rate will be based on the loan to value at account opening
APRC stands for Annual Percentage Rate of Charge.
Check out our full list of rate options
Book an appointment to speak to a mortgage consultant or call us on +353 1 215 1344 (from outside Ireland) - we’ll guide you through the process and help you every step of the way!
Naturally there are terms and conditions to every mortgage or loan and we can go through these with you upon application. In the meantime, here is some information on the documents we will require and some useful background reading to give you a better idea of our rates and regulations.
The above information is valid as at today's date.
Lending criteria, terms & conditions will apply. Mortgage approval is subject to assessment of suitability and affordability. Applicants must be aged 18 or over. Security is required and credit agreement will be secured by a mortgage or by a right related to residential immovable property. Life and Home Insurance are also required. For First Time Buyers, a maximum Loan to Value (LTV) of 90% will apply to a property’s purchase price. For Second Time Buyers a maximum LTV of 80% will apply. The maximum LTV for customers who hold their current mortgage with another bank but wish to switch their mortgage to permanent tsb while also releasing equity is 85%. Maximum loan amount will typically not exceed 3.5 times an individual’s gross annual income.
The monthly repayment on a 20 year mortgage with Loan to Value (LTV) greater than 80% with variable borrowing rate of 3.90% on mortgage of €100,000 is €600.72 for 240 months. Total amount repayable is €144,533.76. If interest rates increase by 1% an additional €53.72 would be payable per month. For this example, Annual Percentage Rate of Charge(APRC) of 4.01% applies and consists of variable borrowing rate of 3.90%, valuation fee of €150, Property Registration Authority (PRA) fee of €175, and security vacate fee of €35. Please note –this APRC does not factor in the €6 monthly fee for maintaining the Explore Account. Warning: The cost of your monthly repayments may increase – if you do not keep up repayments you may lose your home. Information correct as of 26/03/2020 but is subject to change.
Warning: If you do not keep up your repayments you may lose your home.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Warning: The cost of your monthly repayments may increase.
Warning: You may have to pay charges if you pay off a fixed-rate loan early.
There’s never been a better time to switch to permanent tsb with our All Around Protection policy. Switch today.
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