4.9 out of 5 based on 75 reviews

Your Trusted Advisor for Buy-to-Let Mortgages

Discover the Potential of Buy-to-Let Mortgages with Pangea Mortgages

As featured in HeyDublin

Mortgage Advisor

Killian Costelloe
Killian Costelloe
2023-08-21
Just had a chat with John Fahy this morning. Extremely helpful and explained everything very clearly to me. Thanks for all your help.
David Sullivan
David Sullivan
2023-08-18
We wanted to move from a tracker to a fixed rate mortgage and from the start John was extremely helpful and provided sound advice. He even supported us in areas nor related to the switch like arranging an appointment with a valuation agency. In the end, in a fast moving market, we believe we got the best deal it was possible to get.
Seshu Tirupathi
Seshu Tirupathi
2023-08-14
John was extremely professional and clear about all the steps in purchasing a home in Ireland. He was always accommodating with all our requests and transparent about how things are moving along in the application process. I would highly recommend his services if looking to buy a house, especially first-time buyers.
joice dondo
joice dondo
2023-07-19
Very helpful information I got from here , sound advice in a professional manner
Kevin Burrowes
Kevin Burrowes
2023-07-18
I wouldn't have been able to get through the mortgage processes without John, knows exactly what he is doing and should be charging more for his service. I would fully endorse his services for anyone who requires them.
Fiona Britton
Fiona Britton
2023-05-22
John was excellent to deal with, timely, efficient and helped us secure a mortgage with an excellent rate, we are in our home because of him !
slavisa miskovic
slavisa miskovic
2023-05-15
Quick response, definitely will ring them back

Understanding Buy-to-Let Mortgages

Saving you both time and money

Investing in a buy-to-let property can be a lucrative venture, offering opportunities for both new and seasoned investors.

At Pangea Mortgages, we are dedicated to providing expert advice and superior service to help you navigate the complexities of buy-to-let mortgages.

Our streamlined processes and extensive knowledge ensure you receive the best possible guidance, tailored to your financial goals.

Calculate Mortgage Repayments

Why Switch Your Mortgage

Pangea Mortgages stands out in the financial sector with our commitment to superior knowledge, exceptional customer service, and fast approvals.

We simplify the mortgage process, making it easier for you to secure the property you desire. Here’s what sets us apart:


Superior Knowledge: Our team offers unmatched expertise in the financial sector, guiding you through complex processes with ease.

Exceptional Customer Service: We prioritise your needs, ensuring every interaction is informative and supportive.

Fast Approvals: Our streamlined approval process delivers quicker results, saving you time and effort.

Buy-to-Let Mortgages

A buy-to-let mortgage is designed for individuals looking to purchase a property for rental purposes rather than personal residence.

These mortgages typically involve interest-only payments, meaning your monthly repayments cover only the interest on the loan. It’s crucial to have a plan for repaying the mortgage at the end of the term, such as using savings, selling the property, or refinancing.

 

Key Features of Buy-to-Let Mortgages

  • Minimum Deposit: Generally,  20-40% deposit is required. The larger the deposit, the better the rates you may qualify for.
  • Interest-Only Payments: Lower monthly repayments with full repayment at the end of the term.
  • Higher Risk: Considered higher risk than residential mortgages due to potential rent collection issues or vacant periods.

Key Features of Buy-to-Let Mortgages

Investing in a buy-to-let property involves more than just the mortgage. It’s important to factor in additional costs to ensure a successful investment:

  • Letting Agent Fees: Costs associated with hiring a letting agent to manage the property.
  • Landlord Insurance: Essential to protect your investment.
  • Income Tax and Capital Gains Tax: Taxes on rental income and any profit from selling the property.
  • Maintenance Costs: Regular upkeep and potential repairs.
  • Stamp Duty: Tax paid on the purchase of the property.

How Pangea Mortgages Can Help

At Pangea Mortgages, we provide comprehensive support throughout the buy-to-let mortgage process. Our expert advisors are here to help you every step of the way, from initial consultation to finalising your mortgage.

  • Expert Advice: Tailored guidance to help you make informed decisions.
  • Access to Multiple Lenders: Offering a wide range of mortgage options.
  • Hassle-Free Process: Simplifying paperwork and reducing the complexity of mortgage applications.

# STEPS & PROCESS

Go Beyond With Pangea

Best mortgage advisor

Potentially save thousands on your mortgage repayments, find a cheaper mortgage lender. Get step-by-step guidance on refinancing your mortgage or buying your first home.

Initial Conversation

Contact us and avail of an initial mortgage consultation. We will identify the right mortgage for your circumstances.

Application

Our experts will complete the application paperwork for you. We take the time to go through each section with you.

Documents

The financial advisor will guide you to the complete list of documents required

Bidding & Legals

Once we have secured your loan offer we will help you with bidding strategy and dealing with solictors.

After Sale Agreed

Once you go sale agreed we will help you to get to completion. We can also help with the insurances all lenders will require

1

How do you qualify for a mortgage? Banks will consider your gross salary, day to day expenditure, loans and savings. You need to be in permanent employment.

2

Investment Property - If you want to find out if now is a good time to buy an investment and what returns to expect - contact us now

3

Can You Get A Mortgage With Bad Credit? Yes, we can help with this. We work with specialist lenders who provide mortgages to those with credit issues. You must have no outstanding credit problems.

4

How Much Can You Afford? Calculate how much you can afford to borrow with the best mortgage brokers in Dublin. We can advise what the appropriate level of borrowings are and how much it will cost you over the life of your mortgage.

We help you understand the Mortgage process from start to finish.

Get Great Mortgage Rates

We will help you get a great low rate for your personal circumstances. Click the calculator below.

Great Mortgage Rate

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Home Buyers Guide

We can offer advice on how to deal with bidding with Estate Agents and picking a Solicitor.

Home Buyers Guide

We can offer advice on how to deal with bidding with Estate Agents and picking a Solicitor.
CONTACT US

House Prices

Will they go up or down? Should we hold off or buy now? You can utilise our outstanding qualifications and experience to find out what will happen next. Just give us a call.

House Prices

Will they go up or down? Should we hold off or buy now?
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Financial Check

Even if you’re not ready to buy just yet, we would be happy to give you advice on what you need to do to be in the best position when you are ready to apply for a mortgage

Financial Check

Even if you’re not ready to buy just yet, we would be happy to give you advice.
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FAQ's About Buy to Let Mortgage

What is a buy-to-let mortgage?

A buy-to-let mortgage is a type of mortgage specifically designed for individuals who wish to purchase a property to rent out rather than live in themselves. These mortgages are typically interest-only, meaning you only pay the interest each month and the principal amount at the end of the term.

What are the benefits of a buy-to-let mortgage?
  • Potential for rental income.
  • Opportunity for property value appreciation over time.
  • Tax benefits on mortgage interest payments and certain property-related expenses.
How much deposit is required for a buy-to-let mortgage?

Typically, lenders require a minimum deposit of 30% of the property’s value. Larger deposits can often secure better mortgage rates.

Are buy-to-let mortgages more expensive than residential mortgages?

Yes, buy-to-let mortgages generally have higher interest rates and require larger deposits due to the increased risk associated with rental properties.

Can I live in a property purchased with a buy-to-let mortgage?

No, living in a property bought with a buy-to-let mortgage is not allowed and is considered mortgage fraud. The property must be rented out.

How is the interest on a buy-to-let mortgage calculated?

The interest on a buy-to-let mortgage depends on factors such as loan size, rental income potential, and your financial circumstances. Fixed-rate, variable-rate, and tracker mortgages each have different interest calculations.

What happens if my rental property is vacant?

If your rental property is vacant, you will still need to make the mortgage payments. It’s important to have a financial plan to cover these periods without rental income.

How do I get started with a buy-to-let mortgage from Pangea Mortgages?

Contact us to schedule a consultation with one of our expert advisors. We’ll guide you through the process, from understanding your options to finalising your mortgage application.

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