Investment Mortgages

[bricksguy]

Hi Guys,
I have a number of rental properties (4) + holiday home all with different banks , and all on different rates but fairly decent L-V ratios, should I try consolidate all with one bank with a total loan of about 1.1million, NIB seem to offer good tracker rates but for PPR and investment houses,

 

[gFallon212]

I have been dealing with mortgages with a bank in Ireland for about 2 years now and have dealt with one or two of these. There really is no easy answer.

They're are a few things to consider;
1) For that amount you’re in an excellent bargaining position - Don’t take the first offer, and shop around.

2) There will probably be a tax implication for doing such a thing - I'd check it out with your accountant; it dependants on your own income etc.

You could probably save a lot of cash - I'm sorry I don’t have any more advice, but its very dependant on your own personal situation.

Good luck!!!!

 

[Ravima]

UB told me this morning that the max they will now loan for BTL is 85%. they have given me over 90% in the past. Is this specific to UB or are other banks also tightening up?