During the recession the term ‘Buy to Let’ mortgage was almost comparable to using an expletive such was the disgust of many to the contribution such mortgages made to the property crash. But they are making a comeback.
ICS Mortgages is offering its customers an interest free mortgage for up to 15 years.
Politicians were first to jump in with their concerns. Fianna Fáil finance spokesperson Michael McGrath said “Some might say that a ‘Buy to Let’ mortgage is being offered to landlords for investment purposes. But because of full recourse lending here, these loans could result in judgments against individuals and will be registered against family homes. Continue reading The ‘Buy to Let’ Mortgage makes it comeback to Ireland