The Buying a Home to Let is specifically designed for personal customers who wish to invest in a residential property for letting purposes.
The main benefits include:
• A loan up to €500,000 to purchase and complete a residential property for letting purposes • A maximum term of up to 25 years, or up to official retirement age, whichever comes earlier
• A loan up to €500,000 to purchase and complete a residential property for letting purposes
• A maximum term of up to 25 years, or up to official retirement age, whichever comes earlier
• Rental income (actual or potential) can be considered for repayment purposes (terms and conditions apply)Click here to use the BOV Home Loan Calculator.
A minimum contribution of 25% of the purchase price and completion costs (where applicable) is required. The maximum loan amount cannot exceed 75% of the purchase price and completion costs (where applicable) or professional valuation of the property, whichever is the lowest. Loans are subject to normal bank lending criteria and final approval from your BOV branch. The term of the loan must not exceed 25 years and cannot go beyond retirement age.
A 'European Standardised Information Sheet' (ESIS) will be provided from any BOV branch on inquiry. All relative charges, terms and conditions are quoted in the relative sanction letter.
This home loan product is a credit agreement and may be secured by a hypothec or privilege on residential immovable property and/or by a right related to residential immovable property.
In order to obtain the credit, you will also be required to pledge, in favour of the Bank, a life assurance policy covering the loan amount being financed, and a buildings replacement policy, the cost of which cannot be determined in advance. In the case of foreign currency loans, possible fluctuations of the exchange rate could affect the loan amount repayable. In the event of non-observance of the commitments linked to the credit agreement, you may risk losing the immovable property.
A BOV Motor Loan means all this: • a fast and flexible solution to obtain finance for your dream car or motorcycle; • an unsecured loan of up to €40,000; or a secured loan that would enable you to benefit from a discounted interest rate; • full finance for your motorvehicle; • you may pay off the loan at any time with no early repayment fee; • administer and monitor your account by means of BOV 24X7 Services
Apply now and you’ll benefit from: • All processing fees are presently being waived • Loan term that may be extended up to 7 years for loan amounts of €7,000 or over