Investment Mortgage / Buy To Let

Buying property to rent out privately is very popular in Ireland. Like any investment, buy to let mortgage comes with no guarantees, but for those who have more faith in bricks and mortar than stocks and shares this is probably the only way to start building long term profits. Investors should consider many things and shop around before making the decision. First of all if you are new to buy-to-let, what do you know about the market? Do you know the risks, as well as the benefits? Keep in mind that promising property to invest does not mean most expensive or cheapest. Think about numbers, most of the buy-to-let lenders want rent to cover 125% of the mortgage repayments, they also look for a 15% deposit as a protection against falling prices. Shop around and don't rely on banks and their offers only - mortgage brokers can get much better conditions and thats their job. Who is your target tenant, will the property suit them?