Dilosk t/a ICS Mortgages
Compare ICS Mortgage rates and find the perfect fit for your financial future
For home buyers and property investors
With over 160 years of experience serving the Irish market, ICS Mortgages is particularly recognised for its flexible and competitive mortgage offerings. For homebuyers and property investors in Dublin and across Ireland, ICS presents a compelling choice with innovative mortgage products designed to support a wide variety of financial goals.
ICS Mortgages – Go To:
ICS Mortgage Products
ICS Mortgages offers a comprehensive range of mortgage solutions tailored to meet the diverse needs of Irish borrowers. Their Owner-Occupier Home Loans provide fixed and variable rate mortgages for first-time buyers, movers, and switchers featuring flexible terms, generous overpayment options, and the ability to take mortgage breaks. For property investors, ICS’s Buy-to-Let Mortgages cater to individuals, companies, and pension investors with flexible interest-only and capital repayment terms, supporting a variety of investment strategies. Additionally, ICS provides Bridging Loans designed for homeowners and investors seeking short-term finance to facilitate property transactions such as trade-downs, auction purchases, and renovations, with fast approval and flexible terms.
- Owner-Occupier Home Loans
- Buy-to-Let Mortgages (for individuals, companies and pension investors)
- Bridging Loans for homewoners and investors
Owner-Occupier Mortgages
Key features:
| > Up to 90% Loan-to-Value (LTV) for first-time buyers, second / subsequent buyers, and switchers |
| > Loan amounts: €100,000 to €1.5 million (max 75% LTV for loans > €1 million) |
| > Loan terms: 5 to 35 years |
| > Rates from 4.25% |
| > Minimum age: 18; Maximum age on maturity: 80 |
| > Flexible repayment options, including mortgage breaks (3 months, up to 3 times during the term for life events) |
Suitable for:
Home buyers who are looking for flexible terms, competitive rates, and additional support such as payment breaks.Buy to Let Mortgages
Key features for individual investors:
| > Up to 70% LTV (loans up to €1 million); up to 65% LTV (€1 to 1.25 million) |
| > Minimum loan: €80,000; Maximum: €1.25 million |
| > Loan terms: 5 to 35 years |
| > Interest-only option up to 15 years; capital & interest up to 35 years |
| > Minimum property value: €115,000 (no maximum) |
| > Minimum applicant age: 21; Maximum on maturity: 75 |
| > Minimum annual income: €40,000 (single / joint) |
| > Up to 4 applicants per mortgage |
| > Borrowing limits: up to €4 million at 70% LTV, €4 to €7 million at 60% LTV |
Key features for company investors:
| > Similar terms as individual investors |
| > Company must be registered in Ireland, with at least one Irish-resident director earning €40,000+ |
| > Same LTV and loan size limits |
Pension (Unit Trust) Buy-to-Let:
| > Up to 50% LTV |
| > Terms: 5 to 15 years |
| > Loan size: €80,000 to €500,000 |
| > Minimum property value: €160,000 |
| > Non-recourse lending |
Suitable for:
Property investors seeking flexible, tax-efficient mortgage solutions, including interest-only options and high-value lending.Bridging Loans
Key features for individual investors:
| > 12-month term (accumulated interest) or 18-month term (interest-only) |
| > Up to 70% LTV |
| > Loan size: €100,000 to €1.5 million |
| > Variable rate: 1% per month (12% per annum) |
| > Arrangement fee: 2% of loan amount; Exit fee: 1% of loan amount |
| > No penalties for early repayment |
Summary table: ICS Mortgage products
| Mortgage Type | Target Customer Segments | Key Features & Benefits | Interest Rate Options | Considerations / Eligibility |
| Owner – Occupier Mortgages | First-Time Buyers, Home Movers, Switchers | – Flexible Repayment Options: Overpay up to 20% of your mortgage in any year without penalty. – Mortgage Breaks: Up to 3-month payment breaks, up to 3 times over the loan term for life events (e.g., birth of child, medical expenses). – Loan Terms: Typically 5 to 35 years. | Variable, 3-year fixed, 5-year fixed | – LTV: Up to 90% for First-Time Buyers; up to 90% for Movers / Switchers. – Minimum loan size typically €100,000. – Maximum loan size €1.5M (max 75% LTV for loans > €1M). |
| Public Sector Mortgages (Owner – Occupier) | Employees in the Public Sector (e.g., Civil Service, HSE, An Garda Síochána, Teachers, etc.) | – Specialised Lending Criteria: Consideration of basic pay as three points up the salary scale. – Overtime & Allowances Accepted: Up to 100% of regular overtime and contractual allowances can be factored into assessment if confirmed by the employer. – All Owner-Occupier benefits (flexible repayments, mortgage breaks). | Variable, 3-year fixed, 5-year fixed | – Only one applicant needs to be a public sector employee to qualify. – Suitable for First-Time Buyers, Home Movers, and Switchers. – Consideration for employees promoted on one-year probationary period. |
| Buy-to-Let (BTL) Mortgages | Individual Property Investors, Companies (SPVs), Pension (Unit Trusts) | – Flexible & Tax-Efficient: Designed for new and existing property investors. – Interest-Only Options: Available for 5 to 15 years, with the remaining term on Capital & Interest (up to 35 years). – Capital & Repayment Option: Standard loans available for up to 35 years. – Flexi-Mortgage Option. | Variable, Specific fixed-rate terms may vary | – LTV: Up to 70% (for loans up to €1M), up to 65% (for loans from €1M to €1.25M). – Minimum loan size €80,000. – Loans up to €7M (with varying LTV tiers). – Properties must be in the Republic of Ireland and not used as Principal Private Residence. – Minimum annual income €40,000 (per single/joint application). |
| Bridging Loans (Limited Scope, often for specific scenarios) | Individuals & Companies via SPV structure (e.g., trade-downs, Buy to Let, renovations, / auction purchases) | – Short-term finance to bridge the gap between buying a new property and selling an existing one or for specific investment / renovation purposes. – Up to 70% LTV. – Minimum loan size €100,000 – Maximum loan size €1.50m. | Specific short-term rates, often higher | – For trade-downs, buy-to-let renovations, buy-to-let auction purchases. – Strict repayment timelines and conditions apply. – Typically subject to higher fees and interest rates due to the short-term and often higher-risk nature. |
Important Note:
While the table mentions available rate types (Variable, Fixed), specific interest rates can change frequently. Always check the latest rates directly by contacting JC Mortgage Brokers today!
About ICS | Dilosk
- ICS Mortgages is a trading name of Dilosk DAC, an Irish-owned and regulated residential mortgage provider headquartered in Dublin.
- The ICS brand, established in 1864, has a 160-year history in the Irish mortgage market.
- Dilosk acquired ICS from Bank of Ireland in 2014 and has since expanded into both owner-occupier and buy-to-let lending.
- Dilosk manages is recognised for innovation and service excellence, with multiple industry awards including “Lender of the Year” and “Best Mortgage for Public Sector Employees”.
Why choose ICS Mortgages?
- Wide range of mortgage products for both home buyers and investors
- Flexible terms, competitive rates, and payment break options
- Specialist support for public sector employees and property investors
- Trusted brand with 160 years of history and strong regulatory oversight
Important Note:
Eligibility & Criteria: All products are subject to Dilosk DAC’s (ICS Mortgages’) lending criteria, terms, and conditions, which include factors like income, credit history, property valuation, and loan-to-value (LTV) ratios.
FAQs - ICS Mortgages
1. Can I use a gift from a family member as my deposit for an ICS Mortgage?
Yes, ICS Mortgages generally accepts "gifted deposits" from immediate family members. To support your application, the donor will typically need to provide a signed "Gift Letter" confirming the funds are a non-repayable gift and that they seek no interest in the property. This is a common solution for First-Time Buyers looking to meet the 10% deposit requirement mentioned in our LTV criteria.
2. How does the "3 points up the salary scale" rule work for Public Sector employees?
One of the most unique features of ICS Mortgages for civil and public servants is the ability to use your future earning potential. Rather than just looking at your current salary, ICS can assess your affordability based on the salary point you will reach in three years’ time. This significantly increases your borrowing power, especially for those in the early stages of their public sector career.
3. What is the difference between an ICS "Flexi-Mortgage" and a standard Interest-Only loan?
While a standard interest-only loan often has a set expiry, the ICS Flexi-Mortgage for Buy-to-Let investors allows for a 10-year interest-only period followed by a seamless transition to a capital and interest repayment schedule for the remaining term (up to 35 years). This provides investors with maximum cash flow in the early years of an investment without the need to refinance at the end of the interest-only term.
4. Are there early repayment charges (ERCs) if I want to switch my ICS mortgage later?
If you are on an ICS Variable Rate, you can generally pay off your mortgage or switch lenders at any time without a penalty. However, if you are on a Fixed Rate, an early repayment charge may apply if you break the term early. Because ICS offers a generous 20% annual overpayment facility on their fixed products, many borrowers find they can reduce their balance significantly without ever triggering these fees.
5. Does ICS Mortgages lend on "Pre-'63" properties or multi-unit buildings?
Yes, through their specialist Buy-to-Let products, ICS Mortgages is one of the few lenders in Ireland that considers "Pre-'63" properties (buildings divided into units before 1963) and multi-unit blocks. These properties often offer higher yields but require a lender who understands the specific legal and structural nuances involved.
First Time Buyers why choose JC Mortgage Brokers?
With 20+ years of expertise, John Coleman and his team provide specialized guidance on the ICS Mortgages range. From public sector benefits to investor solutions, we ensure you have an expert advocate by your side from application to draw-down.
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