FTB Mortgage

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Guest
Hello All,

Im thinking of buying a property in Limerick. I am heading abroad in about 4 months and while I have a Salary in Ireland I wish to get a mortgage to purchase a Flat somewhere in the west of the city. The idea is to get the mortgage on a flat and rent it while Im away (2-3yrs). I intend to spend about 200,000 and have about 8-10% deposit. I also have a few Punts under the pillow to bridge any gap in tenants. I am a FTB and a virgin at the whole Mortgage game. I am looking for advice on what mortgage is the best for my needs and with whom?
 
If you rent the apartment while you are away, you could very well be liable for stamp duty at rates applicable to investors.

You would probably be better advised waiting to buy until you have returned to Ireland.