Irish Permanent and TSB Bank are to launch two new incentives for residential property investors in response to stamp duty and mortgage interest relief changes announced in the Budget.
Both institutions are to offer new lending for investment properties at home loan rates, a move which they say will lead to savings of 0.5 points on investment property rates for new business.
They are also increasing the maximum loan to value for investment properties from 80% to 85%. The changes will take effect from January 28.
