Wednesday, 19 June 2019 10:08

New ICS Mortgage lending facility for Residential Property Investors

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New ICS Mortgage lending facility for Residential Property Investors

The new ICS Mortgage lending facility has proven to be a breath of fresh air for existing Property investors or for anyone looking to purchase a Residential Investment property.

Are you one of the following?

  • You own an existing Residential Investment Property or Properties and would like to release some equity to finance the purchase of another investment property.
  • You own an existing Residential Investment Property where you have a good bit of equity in the property and you wish to release Cash for your own personal use and requirements.
  • You own an existing rental property with a good level of equity and your mortgage term is due to expire soon with your existing lender and you still have an amount outstanding at the end of the mortgage term. You do not want to sell the property in order to repay the balance on the mortgage, you would prefer to hold onto the property and see if another lender can take over the loan and extend the mortgage term.
  • The new mortgage facility with ICS offering Property investors a solution in relation to all of these. The main features are as follows

    • Capital and Interest repayment term of 20 years
    • Interest only option from 5 to 15 years
    • 35-year Flexi Mortgage Option, 1 to 10 years interest only remaining term on Capital and Interest
    • Equity release up to 70% of value of property
    • Max term of loan to age 75, generally mortgage term with most lenders is age 65  
    • Capital and interest mortgage rates from 4.29% up to 50% LTV and 4.79% above 50% LTV
    • Interest only rates 4.95% LTV less than 50%, 5.45% above 50% LTV

    For more information on any of the above please contact Colm Kelly of Cregan Kelly O’Brien Financial Planning on 01 8700370

    Email colm@ckob.ie

    www.ckob.ie

    Last modified on Monday, 26 August 2019 06:13
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    About Cregan Kelly O'Brien

     

    In 2007 Maurice Cregan and Colm Kelly established CK Financial Services to provide independent financial planning and advice to business owners and individuals. Tommy O'Brien, a General Insurance expert, then joined them in 2010, enabling them to meet the full financial needs of their clients. Financial Life & Planning Limited would deliver Financial Services, and O'Brien Cregan Kelly Insurances would deliver Insurance Broking services. Two Business Names were registered Cregan Kelly O'Brien Financial Planning and Cregan Kelly O'Brien Insurances

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