ICS Mortgages to launch new buy-to-let product in the new year
ICS Mortgages today stated that it is bringing a unique Buy-to-Let mortgage product to the Irish market. Currently in final development, a pre-launch lending phase in November will see the product available through a small number of mortgage brokers initially. Designed to cater for the growing demand in the Irish Buy-to-Let mortgage sector, the product will be available through ICS Mortgages accredited brokers nationwide in early 2017.
This is the first new mortgage product from ICS Mortgages since Irish financial services company, Dilosk Designated Activity Company took over the ICS mortgage book in mid-2014. It is anticipated to provide b competition in the market. Aimed at new and current property investors, the product has a number of key attractive benefits that include a ten- year interest only option.
According to Fergal McGrath, Chief Executive, Dilosk, “there is significant demand in the market for a new competitive Buy-to-Let mortgage proposition to cater for the increasing demand for good quality rental accommodation in Ireland. This product will appeal greatly to both established property investors with existing properties, those looking to expand their portfolios, as well as those wishing to purchase their first Buy-to-Let property. ICS Mortgages will also provide facilities to refinance current rental portfolios”.
“We are delighted to be in the final stages of bringing this product to market. We will consider applications from both individuals and companies wishing to purchase residential investment properties in Ireland. The product is also available to people living abroad who wish to buy a residential investment property in Ireland. We will be offering a streamlined specialist service tailored specifically to the property investors’ needs. ICS Mortgages has had a b relationship with the professional mortgage brokers in the market for many years and we look forward to strengthening this partnership with what we view as an excellent product for both new and existing property investors,” Mr McGrath says.
ICS Mortgages is one of Ireland’s oldest and renowned mortgage brands with a heritage that dates back to 1864.
Dilosk DAC trading as Dilosk and ICS Mortgages is regulated by the Central Bank of Ireland
Siobhan Molloy Tel: (01) 6798600
Weber Shandwick PR 086 817 50 66