Buy to let mortgage case study: Investing in property in Northern Ireland

Whilst Northern Ireland is part of UK, there are far fewer buy to let mortgage lenders whose product ranges include this location in their criteria, so if you are a landlord looking to invest there, you may be struggling.

The reason for this is because lenders tend to focus on areas they can do a lot of business, where demand is high and rents are stable.

However, there are lenders who can help, so when a client buying a flat in the province reached out to us with a few extra challenges to overcome, we were in a prime position to help.

Watch the video below to hear all about it.

Video guide transcript: Overcoming a low loan buy to let mortgage in Northern Ireland

“We had a client approach us, looking to purchase a flat in Northern Ireland. 

“Not a lot of lenders will look to lend in that particular location, England, and Wales are more common. There's a few more lenders in Scotland, but Northern Ireland is a little bit more restricted. 

“But with us being specialist broker, our panel is broad enough and we do have a number of lenders who can consider the type of scenario. 

“Another challenge we had was the fact that the loan amount and the property value were slightly lower as well. Again, there will be a number of lenders on the panel who will have minimum criteria when it comes to this. They can potentially restrict those options a little bit more for our clients. 

“Lastly, the property was also located on a high street surrounded by a lot of different commercial buildings. 

“Again some lenders have different restrictions when it comes to this because of the property resaleability, issues with a potential fire hazard or smell etc. With the number of lenders we have on our panel we have been able to tick all the boxes for our client and have placed the case for them. 

“So, if that's something that you're looking to do, and you are facing any of those challenges, give us a call and we'll be able to help.”