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  1. Brendan Burgess

    Pixelating on new Virgin 360 box

    Hi Dinarius I saw a Virgin VAn next door, so I went in and they told me that there was a poor signal coming in to both houses. They said that was my problem despite the woman on the phone telling me that I was getting a good signal. But the guy called out anyway on the 13th and tested the...
  2. Brendan Burgess

    Should UK shares be sold before or after death if no tax has been paid on dividends?

    The Executor of your father's estate should have sorted out his tax affairs. Your mother's are separate. Selling them doesn't change anything. If she has received dividends since 2018, she should declare them. How much in dividends did your mother receive since she inherited the shares...
  3. Brendan Burgess

    Does it make sense to cash an old pension at 50 and contribute the funds to a new pension?

    The bit which is confusing me is that many people on askaboutmoney recommend contributing to a pension fund rather than overpaying the mortgage. This seems to be the opposite. I could be persuaded if the interest rate on the mortgage is very high but it still seems wrong. A worked example...
  4. Brendan Burgess

    Does it make sense to cash an old pension at 50 and contribute the funds to a new pension?

    This issue comes up from time to time (e.g. here ) , and my instinct is that it is wrong. But I want to check my instinct. What are the rules about cashing a pension early? If you have an old pension fund, say €100k, and you hit 50, you can access it early. This means you can take €25k...
  5. Brendan Burgess

    Divorced with mortgage, loans. Plan for kids college and clear down debt.

    The decision here has just not changed. Don't be thinking of AVCs or any other fancy cashing your pension type stuff until you have cleared your expensive loan. In particular, if you are light on your pension, don't be thinking of cashing it early. You have a clear path even if it's a...
  6. Brendan Burgess

    How is daily mortgage interest calculated in a Leap Year?

    Say that the nominal rate is 12 % and you borrow €100,000 on 1 January... If they charged you €12,000 interest on the €100,000 on 31 December, the APR would be 12%. But let's say that they charge you 1% a month. On 1 January, your balance will be €101,000. At the end of February, the interest...
  7. Brendan Burgess

    How is daily mortgage interest calculated in a Leap Year?

    Thanks Richie I bow to ClubMan myself, but what does that tell us? PDF page 65.
  8. Brendan Burgess

    Need an residential QS or valuer

    Hi Tommy I think you are overestimating their intelligence. Brendan
  9. Brendan Burgess

    Investment Advice for Preparing My Apartment for Sale?

    I would say make it as clean as possible. And as empty as possible. Fix anything which is actually broken. The sagging ceiling would worry me as a buyer so if that can be easily fixed, then do that. Not sure about other decorative issues. I don't think I would bother. Sometimes if you...
  10. Brendan Burgess

    Need an residential QS or valuer

    While estate agents might know the market better, they are punting for business and would not be honest in their valuations. You should go to a member of the https://scsi.ie/consumer/property-healthy-check/bank-valuation/ They will do a valuation for you. You pay them a fee. Make sure that...
  11. Brendan Burgess

    How is daily mortgage interest calculated in a Leap Year?

    https://www.independent.ie/irish-news/greed-jumps-in-as-a-leap-year-means-day-more-in-mortgage-interest/26010736.html Most of the financial institutions charge interest by the day and confirmed yesterday that because of February's extra day this year, there would be an increase in mortgage...
  12. Brendan Burgess

    How is daily mortgage interest calculated in a Leap Year?

    https://www.askaboutmoney.com/threads/leap-year-impact-on-mortgage-repayments.85927/
  13. Brendan Burgess

    How is daily mortgage interest calculated in a Leap Year?

    Bank of Scotland issued refunds to people because of this. https://www.askaboutmoney.com/threads/bank-of-scotland-sending-out-small-cheques-for-overcharging-in-a-leap-year.210883/
  14. Brendan Burgess

    How is daily mortgage interest calculated in a Leap Year?

    Most of the banks do it this way, but I think it's wrong. If the interest rate in 2023 was 8%, the daily rate should be 8/365 In 2024, the daily rate should be 8/366. Coincidentally I was just trying to figure out the interest calculation on an AIB statement and they do it the same way as...
  15. Brendan Burgess

    Have Currency fair gone bust??

    Let's be clear about this. The Central Bank supervises Currency Fair. They are aware of the issue. If Currency Fair is in danger of insolvency, and people are in danger of losing money, the Central Bank would stop them taking any more money immediately and would issue a notice accordingly. It...
  16. Brendan Burgess

    BOI sells mortgage of my deceased brother to Mars Capital

    @mogrady It would be helpful to provide all the figures to see if we can come up with a solution. What is the market value of the property? How much is the mortgage on it? What other assets and liabilities are in the estate? Do you own your own home? If so, what is its value and how much of...
  17. Brendan Burgess

    Warehoused Loan Write-down Request

    On what basis should they give you a write-down? You got a very generous split. AIB don't charge interest on it. They don't review it. They will top up any capital you pay against the warehouse. And now you want them to write it off? Sorry, but it makes no sense. Brendan
  18. Brendan Burgess

    BOI sells mortgage of my deceased brother to Mars Capital

    I think that there is a real danger that we could mislead the OP here, so let's take this step by step to see where our disagreement lies. 1) Do you agree that Executors in general are legally obliged to discharge the debts of the deceased? 2) Do you agree that, in this case, the Executor must...
  19. Brendan Burgess

    BOI sells mortgage of my deceased brother to Mars Capital

    Danny, now I am confused. Are you saying that the Executor does not have to sell the house and repay the mortgage? That he can just leave everything in limbo forever. I am not a lawyer, but I don't think that is correct. Brendan
  20. Brendan Burgess

    BOI sells mortgage of my deceased brother to Mars Capital

    We might be arguing over nothing here. I don't think that the OP will be the owner of the property until after probate is granted and title is transferred. The title cannot be transferred until the mortgage is cleared. Your post could be interpreted by the OP that he inherits a house with...
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