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Buying property in the Republic of `Ireland
Aspatria
Posts: 35 Forumite
I am originally from the Republic of Ireland but have lived in the UK for the last 37 years.
Now retired, I would like to purchase a retirement property in the ROI over the next. 5 years.
Ideally I want to buy an old property by the sea on the west coast for use by myself and my children.
Rather than commit all my capital for the purchase, I would like to fund 50% deposit with the remainder a mortgage over 5 years. I see this as a type of investment also.
Is it possible for a UK resident (with an ROI passport) to get a mortgage in Ireland?
Is it best to open an account with an ROI bank/building society to do this?
Are there any banks/building societies that are preferable?
Thank you
Now retired, I would like to purchase a retirement property in the ROI over the next. 5 years.
Ideally I want to buy an old property by the sea on the west coast for use by myself and my children.
Rather than commit all my capital for the purchase, I would like to fund 50% deposit with the remainder a mortgage over 5 years. I see this as a type of investment also.
Is it possible for a UK resident (with an ROI passport) to get a mortgage in Ireland?
Is it best to open an account with an ROI bank/building society to do this?
Are there any banks/building societies that are preferable?
Thank you
0
Comments
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You really need to be asking on an Irish forum. This is a UK one.0
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I am originally from the Republic of Ireland but have lived in the UK for the last 37 years.
Now retired, I would like to purchase a retirement property in the ROI over the next. 5 years.
Ideally I want to buy an old property by the sea on the west coast for use by myself and my children.
Rather than commit all my capital for the purchase, I would like to fund 50% deposit with the remainder a mortgage over 5 years. I see this as a type of investment also.
Is it possible for a UK resident (with an ROI passport) to get a mortgage in Ireland?
Is it best to open an account with an ROI bank/building society to do this?
Are there any banks/building societies that are preferable?
Thank you
My brother was able to get an Irish mortgage while resident in the UK and opened an Allied Irish Bank account. After a while he re-mortgaged his UK property to pay off the Irish mortgageGather ye rosebuds while ye may0 -
I expect the Northern Irish banks are used to this.0
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