Landlord and investor mortgages

With many investment property mortgages coming to an end of their interest-only terms, property investors need to consider their options when it comes to protecting their investments.

One option is to negotiate for a further interest-only facility. This will provide breathing space for a time. However, lenders may also require additional information such as an ‘exit strategy’ and the end of the extended interest-only period.

MoneyCoach.ie has negotiated a range of deals with lenders on behalf of their clients.

Recent successes include:

1. €1.5m facility, 12 month interest only extension agreed with €17k+ rebate due to charge error identified.

2. Two investment mortgages, €190k & €306k outstanding. NO mortgage protection. 2 suitable policies effected at negligible cost €27.26 pm and €44.72 pm BEFORE tax relief.

3. Three investment mortgages, initial 5 years interest only expired, ability to repay annuity identifed. Deal negotiated whereby lender accepted partial annuity repayments (ie 50% of standard annuity amount)

To talk to an advisor, please submit your query HERE.

Lenders are likely to require a complete Income & Expenditure, you can complete your file HERE