buy-to-let Archives - Page 2 of 3 - MyHome.ie Advice & Blog

Permanent TSB rejects criticism of buy-to-let loans

General, Home, Mortgages & Money, Property News, The Investor

Permanent TSB has rejected suggestions it is squeezing family homebuyers out of the market by launching a range of new products aimed at the buy-to-let sector. The bank is offering a range of products with interest rates based on the size of the deposit…

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Lenders to target buy-to-let market

General, Home, Mortgages & Money, Property News, The Investor, The Overseas Investor

Two lenders are making a play for the buy-to-let mortgage market, with the launch of new products aimed at landlords and property investors. Both Bank of Ireland and Permanent TSB are launching new residential investment loans this month, responding to an increase in demand from…

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Rent does not cover mortgage for almost half of all landlords

General, Home, Industry News, Mortgages & Money, Property News, The Investor, The Overseas Investor, The Renter

Almost half of landlords of houses and apartments do not receive enough rent to cover the interest on their mortgages. The finding is as a result of an academic study of survey of 493 buy-to-let investors. It found 49% of respondents do not receive…

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Mabs pull out of pilot scheme to help debtors

General, Home, Mortgages & Money, Property News

A plan designed by the Central Bank to help overstretched borrowers with multiple loans has been thrown into temporary disarray by the unexpected withdrawal of the Money Advice and Budgeting Service (Mabs) from the scheme, according to the Irish Times. Following a competition between three…

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Buy-to-let widows could lose their homes

Commercial Blog, General, Home, Industry News, Mortgages & Money, Property News, The Investor, The Overseas Investor

Grieving spouses of buy-to-let investors may be chased by banks to recoup losses after their untimely death, according to the Irish Brokers' Association. Spouses could be left hugely exposed and may be targeted to pay for the negative equity portion of these largely uninsured properties…

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More than a third of those in mortgage arrears may be strategically withholding payments

General, Home, Mortgages & Money, Property News

A leading academic has claimed that more than a third of mortgage holders who are in arrears may be deliberately not paying even though they can afford to do so. Professor of Finance at NUI Maynooth, Gregory Connor, said that 35% or close to 40,000…

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KBC Bank increase mortgage rates

General, Home, Mortgages & Money, Property News, The Investor

Thousands of mortgage holders are set to see their repayments increase by more than €300 this year after KBC Bank Ireland announced yesterday that it was increasing it standard variable rate by 0.25%. The rate change, which kicks in from the beginning of March, will…

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Property tax may be able to be deducted from tax returns

General, Home, Mortgages & Money, Property News, The Investor, The Overseas Investor, The Renter

Property investors and landlords will be able to deduct the new Local Property Tax from their rental income when filing a tax return. At present the non-principal private residence (NPPR) tax and the household charge are not allowed as expenses when landlords are workout out…

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Mortgage arrears continue to rise

General, Home, Mortgages & Money, Property News, The Investor

Almost one in five mortgage holders are in financial difficulty with their loans, according to new figures published by the Central Bank today, which show a rise in arrears. The figures include for the first time mortgages on buy-to-let properties, where borrowers have missed repayments…

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29% of buy-to-let properties in arrears

General, Home, Mortgages & Money, Property News, The Investor

Mortgage arrears on buy-to-let properties are running at double the rate of arrears on owner-occupied properties, according to preliminary data from the Central Bank. The latest Macro Financial Review shows that banks have lent €32bn to landlords for buy-to-let properties, but 29% of those mortgages…

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