Mortgages.ie - Mortgages and Mortgage Protection Insurance

The same fundamental rules still apply.

1. Be prepared to become a landlord and deal with the related tenant issues.
2. A slightly lower rent from a solid long-term tenant can very often be the best option when it comes to letting a property.
3. Does the investment make economic sense? Is the return adequate? You can no longer assume that property prices will increase. This is a long-term investment and you need to examine that the term fits in with your long- term plans.
4. Satisfy yourself as to the rent potential for your chosen property. Don't take the selling agents advice as a guarantee. If you are buying an apartment, make sure you see the Management Company accounts. Talk to existing owners in the complex. Talk to existing tenants.
5. Keep a fund aside to be able to maintain mortgage repayments during periods of time where the property is not let.
6. Be sure you budget for taxation obligations (see calculator)
7. Where possible it is our advice that you should supervise the letting and rent collection yourself. (For multiple investments this may not be possible). This is your property and there no better way to know your tenants than to vet them at the outset and to make bi-annual visits to the property with the tenant’s agreement.

Review our interactive residential investment property calculator and apply on-line for a fast decision.