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Forum: Deposits 02-07-2012, 08:53 AM
Replies: 5
Views: 1,854
Posted By NorthDrum
Good post Ashambles. . If you are on...

Good post Ashambles. .

If you are on higher, marginal rate of tax, depening on the Bond rate, it may end up with lower net returns. Asides from that, its a case of what is more politically...
Forum: Deposits 29-06-2012, 12:47 PM
Replies: 5
Views: 1,854
Posted By NorthDrum
I know in one stockbroking company that the...

I know in one stockbroking company that the comission is .5% (per trade) for anything under 100k and .25% anything over that! There is no minimal amount of Irish Government bonds you can buy....
Forum: Deposits 29-06-2012, 10:52 AM
Replies: 5
Views: 1,854
Posted By NorthDrum
Irish Bonds v Irish Deposits . .

As simple as it sounds, but I have yet to meet somebody who give a reasonable argument as to why a person shouldnt put their money into 1 year Irish government bonds versus 1 year fixed deposit with...
Forum: Deposits 29-06-2012, 10:47 AM
Replies: 6
Views: 2,320
Posted By NorthDrum
It is so hard to advise people on where to put...

It is so hard to advise people on where to put their money these days.

I have looked at as many scenarios as possible and its virtually impossible to find any sort of safe Haven.

In this...
Forum: Insurance not covered in other forums 29-06-2012, 10:27 AM
Replies: 4
Views: 1,150
Posted By NorthDrum
I was only addressing adam_net's question on Life...

I was only addressing adam_net's question on Life Cover.

You are correct about Serious/Critical Illness cover. Differant companies cover differant things and sometimes there could be more...
Forum: Insurance not covered in other forums 28-06-2012, 03:54 PM
Replies: 4
Views: 1,150
Posted By NorthDrum
Lot of assumptions but as a broker I usually go...

Lot of assumptions but as a broker I usually go with the Life office offering the cheapest Life Assurance. Most of them have children cover of between 4,000 - 7,000 as a "free" cover, but Life...
Forum: Redundancy, unemployment & jobseekers' SW entitlements 05-05-2010, 08:28 AM
Replies: 6
Views: 4,939
Posted By NorthDrum
My wife's boss died in Feb and she has been...

My wife's boss died in Feb and she has been unemployed since . . The company is insolvent and cant afford a bean so she didnt get anything. .

She worked out everything she is entitled to but...
Forum: Mortgages and buying and selling homes 04-06-2009, 04:04 PM
Replies: 62
Views: 6,106
Posted By NorthDrum
Re: Is buying your home the right financial priority?

Darag , I think there are merits to both lines of thought but I just cannot see exactly where this guarantee is that renting and shares are clearly superior. In neither case can you guarantee a...
Forum: Mortgages and buying and selling homes 04-06-2009, 12:24 PM
Replies: 17
Views: 2,032
Posted By NorthDrum
Re: Should I buy the house I am renting?

I suppose one factor to look at is where he is buying. If its in an area that has good rental potential then the factor of his flexibility should not be a real issue.

If he needs to move (or...
Forum: Mortgages and buying and selling homes 04-06-2009, 12:02 PM
Replies: 62
Views: 6,106
Posted By NorthDrum
Re: Is buying your home the right financial priority?

So you are saying that without question renting is the answer?

Please do elaborate . . or is Apples and Orangutans the best you can do . .
Forum: Mortgages and buying and selling homes 04-06-2009, 11:36 AM
Replies: 62
Views: 6,106
Posted By NorthDrum
Re: Is buying your home the right financial priority?

I see what Bronte is saying and was going to post something similar yesterday. .

In an extreme example if stocks and shares collapse and house prices collapse, you still have a house. It is...
Forum: Banking, credit cards, etc 04-06-2009, 10:29 AM
Replies: 17
Views: 4,071
Posted By NorthDrum
Re: Default on Personal loan . .

Yep, thats pretty much how the media operates.

Its also why there are so many uneducated people in this country. They work off "facts" they receive off media outlets . .
Forum: Insurance not covered in other forums 04-06-2009, 09:36 AM
Replies: 5
Views: 1,655
Posted By NorthDrum
Re: Specific questions re: life insurance and income protection.

Set out your goals and priorities first . .

If you died tomorrow whats the minimum cover you would like your family to receive . .

If you were unable to work due to an accident you may be...
Forum: Mortgages and buying and selling homes 03-06-2009, 05:22 PM
Replies: 22
Views: 5,177
Posted By NorthDrum
Re: mortgage denied

1. Not anymore (certainly definantly not in all branches and banks), I know 2 bank managers whom have confirmed this directly to me . . Please quote your source . .

2. I met one 2 weeks ago at a...
Forum: Banking, credit cards, etc 02-06-2009, 11:58 AM
Replies: 17
Views: 4,071
Posted By NorthDrum
Re: Default on Personal loan . .

Certainly no harm in knowing the answer.

As a financial Advisor people ask all sorts of questions , I would prefer to at least have some sort of understanding of ones I would rather not have...
Forum: Banking, credit cards, etc 02-06-2009, 11:54 AM
Replies: 17
Views: 4,071
Posted By NorthDrum
Re: Default on Personal loan . .

And if you dont have anything to give I assume theres nothing the bank can do . .
Forum: Banking, credit cards, etc 02-06-2009, 11:47 AM
Replies: 17
Views: 4,071
Posted By NorthDrum
Legal ramifications & penalties if you refuse to pay an unsecurerd personal loan

Just wondering what legal ramifications and penalties can be imposed on a person who refuses to pay back an unsecured personal loan.

Had an interesting discussion with a couple of friends over...
Forum: Mortgages and buying and selling homes 29-05-2009, 02:38 PM
Replies: 22
Views: 5,177
Posted By NorthDrum
Re: mortgage denied

Sorry CSirl but I find this post to be a poorly educated assumption on something you appear to know little about (Im basing it soley on this post) . .

Firstly bank managers dont decide who get...
Forum: Mortgages and buying and selling homes 29-05-2009, 08:58 AM
Replies: 22
Views: 5,177
Posted By NorthDrum
Re: mortgage denied

Please do share your reasons for this statement. .
Forum: Mortgages and buying and selling homes 26-05-2009, 08:50 PM
Replies: 2
Views: 709
Posted By NorthDrum
Re: Interest only for first 5 years

Interest only should be used when you are struggling to meet the repayments (more a short term solution to cashflow problems). 5 years is a long time for a bank to offer Interest only, are you sure...
Forum: Mortgages and buying and selling homes 26-05-2009, 03:28 PM
Replies: 11
Views: 2,423
Posted By NorthDrum
Re: Three different valuations on apt - why?

Its extremely difficult for valuers these days. Some may over state your property value (to get the business) some may undervalue (to reduce your expectations).

I know KBC now dont take one...
Forum: Mortgages and buying and selling homes 25-05-2009, 05:19 PM
Replies: 22
Views: 5,177
Posted By NorthDrum
Re: mortgage denied

Differant mortgage companies will accept differant applicants.

Remember to always ask your mortgage broker what companies they have access to (so you know you are getting a better chance of...
Forum: Mortgages and buying and selling homes 22-05-2009, 02:25 PM
Replies: 5
Views: 758
Posted By NorthDrum
Re: How accurate are quotations?

Normal Mortgage general Guidelines:


Salary, max 5-6 times
Deposit, minimum 8%
LTV, max 92%
Other loans and Liabilities accounted for
Property situated near a town (resale value)
...
Forum: Mortgages and buying and selling homes 22-05-2009, 09:40 AM
Replies: 4
Views: 996
Posted By NorthDrum
Re: how do i look to get approved for a mortgage

General Guidlines:


Salary, max 5-6 times
Deposit, minimum 8%
LTV, max 92%
Other loans and Liabilities will take away from amount of mortgageyou will be given
Property situated near a...
Forum: Mortgages and buying and selling homes 22-05-2009, 08:57 AM
Replies: 28
Views: 3,271
Posted By NorthDrum
Re: FTB: have mortgage approval in principle for 232,000, in DCC shared ownership sc

So its not the times salary thats the problem now . . its the term . .

For gods sake, people will always look for a problem with anything.

A loan is a loan. Nobody needs to take out any loads...
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