ICS has €200m for buy-to-let mortgages

ICS Mortgages, owned by mortgage lender Dilosk, said it is making €200m available for the buy-to-let market - while not ruling out moving into the residential market in the future.

Dilosk, which acquired ICS Mortgages from Bank of Ireland in 2014, said its new buy-to-let mortgage with a 10-year interest only option was now available nationwide. It will be available to both individuals and companies and Dilosk said there would be €200m in new lending to back it up.

Dilosk chief executive Fergal McGrath told the Irish Examiner it was targeting buy-to-let for now and that it was aiming to be the top lender in this area by 2020.