Lenders bank on appetite for property

Two of Ireland’s banks are betting that property prices are going to rise and are releasing new mortgage products aimed at tempting investors back into the property market.

Permanent TSB are targeting Irish emigrants who earn over €100,000 and are looking to buy a property in Ireland.

The bank is offering a maximum loan to value of 60% and will also offer the product to British citizens who wish to invest in Irish residential property.