Why choose APS Bank: 

✓ Our expert team will guide you every step of the way

✓ We are committed to providing quick response times to any queries

✓ One of our professionals will be assigned to you, providing you with the personal attention you deserve

✓ We do our utmost to ensure that the approval process takes the shortest time possible

Why opt for Buy-to-Let Loan:

• Borrow up to €700,000
• Very competitive interest rates
• Part of rental income considered for repayment purposes
• A maximum repayment term of 25 years

What do Buy-to-Let Home Loans entail?

We can finance up to 75% of the total cost of the property - up to €700,000. This balance can then be repaid over a period of 25 years or until you reach retirement age, whichever comes first. Moreover, this can include property acquisition, construction, and finishing costs. Provided that you have a minimum, gross annual income of €35,000. Furthermore, this home loan solution offers competitive interest rates.

An amount of the rental income earned from the property purchased is also taken into consideration for repayment purposes over and above your employment income.

Representative example of a Buy-to-Let Loan

On a fully utilised Buy-to-Let Loan of €150,000, at a variable interest rate of 4% per annum, the Annual Percentage Rate of Charge (APRC) equals to 4.20%. Therefore, the loan would be repayable in 300 equal monthly instalments of €797 over a 25-year period.

The total sum payable throughout the term of the loan would be €240,398.25. Consisting of:

• €150,000 capital (the loan amount)
• €88,908.00 interest
• €450.00 processing fee
• €488.00 in Bank legal fees
• €465.00 in Architect fees

All Buy-to-Let Loans are subject to the final approval from your APS servicing branch.

Assumptions in the APRC calculation 

The assumptions in the above APRC calculation are based on the following:

• The consumer lending bank base rate (currently at 2.25%) remains unchanged during the period of the loan.
• The facility is utilised in full within the first 3 months after being sanctioned.
• The consumer has the right to pay the loan in full or in part before the agreed termination. In such circumstances no early repayment penalty fee is incurred.
• The credit agreement is to remain valid for the period agreed between the Bank and the consumer, and that both parties will fulfil their obligations under the term and by the dates specified in the credit agreement.
• The APRC calculation is based on the total cost of the credit to the consumer, expressed as an annual percentage of the total amount of credit.

The worked example does not include the following items as such costs cannot be determined in advance:

• A life assurance policy covering the amount of the facility and a building replacement policy which are to be pledged in favour of the Bank.
• Periodic updating of searches where such fees would incur Public Registry, Bank’s architect fee depending on market value, and Lands Registry fees.