Investment Mortgages

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,

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!!!!

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?