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Irish Permanent International
Irish Permanent International is part of Irish Life and Permanent plc, and was formed in 1999 by a merger; however, its roots trace back to 1892. They offer buy-to-let mortgages, with a self-certification option, corporate home loans, commercial mortgages, and residential home loans to those in the UK (excluding Scotland), the Isle of Man, and Republic of Ireland. Currently, they have over one million customers in Ireland.
Irish Permanent makes available fixed or tracker versions of buy-to-let mortgages to individuals and companies. The one general regulation with this type of loan is that the rent received must be at least 125% of the mortgage interest payment.
The fixed rate mortgages available mean that for a set number of years your interest rate will not change; however, there is an early repayment fee if the loan is completely repaid within that term. Following that term, a variable rate will apply and there would be no early repayment penalty.
The tracker version stipulates that your interest rate is set at a percentage above the fluctuating Bank of England Base rate for a set term. Once the term finishes, Irish Permanent’s variable rate applies for the remainder of the loan’s life. There is an early repayment fee.
The self-certification option made available by Irish Permanent is for those that are self-employed only. Again, there is the fixed rate term mortgage or the tracker mortgage.
As for the commercial side of mortgage business, Irish Permanent offers competitive interest rates and flexible terms. This sort of mortgage is available to offshore companies and trusts, (self-)employed individuals, foreign resident nationals, and expatriates from the UK, Isle of Man and Ireland, and is for retail/residential mixed-use, office space, strictly retail, and light industrial property.
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TODAY’S MORTGAGE RATES
| Loan Type | Rate | APR |
|---|---|---|
| Fixed | 4.49% | 5.3% |
| Tracker | 4.85% | 5% |
| Discounted | 4.64% | 6% |
| Capped | 5.85% | 6.4% |
About this index Rates may contain points
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