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Understood. The debt currently stands in excess of €310,000. We aren't in any position to clear it, nor could we hope to afford a delinquent tenant while going through an eviction process. We need the house to be sold, despite the fact it will be sold at a discount. However we are considering...

Thank you for the answer Brendan. Just to clarify, are you saying that the receiver can sit on the property as long as they like, the lender can continue to apply interest to the debt and we are powerless to expedite things? The same solicitor. Everything was left to MIL, so she became the...

Well I assume the house my BIL is in would have to be sold first. Then the estate would be liable for the balance. Hence the question - can a receiver sit on it for three years, and collect no rent, while Promontoria pile on the interest?

I knew I'd forget something... We were told by an estate agent in 2015 during FIL's probate that the house should fetch €290K - €300K, so if it had been sold by the receiver in 2017, it should have come pretty close to covering the debt as it stood then. Now the fear is that it will be sold for...

Hi, So this is the net result of this old thread: https://askaboutmoney.com/threads/in-laws-in-a-mortgage-mess.177071/ And if you'll indulge me, I'll pick up the story again, because I have a new question based on subsequent events. I wrote the original post in 2013. My father in law died...

Thank you I really appreciate that angle, and the time you've taken to answer. I suppose I put it here because the same question could apply to the ending of the subsidised private health insurance, which is also a stated benefit in the contract, and is supposed to be the next target. The part...

Hi, I'm in permanent employment and am lucky enough to be in a DB scheme. My contract states: "You will be enrolled in the ~~ pension scheme. This is a fully non-contributory pension" The company has given the Pension Trustees notice that it is ending the DB scheme and switching staff to a DC...

I had two Tesco cards on the same account with the same 16-digit card number - one in my name and one in my wife's I've received my Avantcards, but the 16-digit numbers on each card are different. I'm just wondering if this means Avantcard are treating us as two separate accounts and/or might I...

Thanks for replies. Few things to follow up on there. I should have given a timeline, she moved in June as the place was supposed to open in July. But the opening date slipped first to end September, then word came it would be the Spring a couple of weeks ago. She's been told they'll hold job...

Yeah, hindsight tells her that alright. Apparently policy at the old company is not to rehire management that leave.

Hi, sorry if similar is posted elsewhere, had a search... My sister was in a good HR job with a big hotel chain in Dublin. She saw an advertised job for a HR management role in another hospitality business that is being started up and went for it. The owners of the business offered her the job...

That's brilliant advice - thanks all. I only want the book value of the write off, which is only about 4-5 K. Doctor says she's fine so I'll try giving them a shout first.

Hi, apologies if this is answered in another thread, couldn't find an exact equivalent My wife's car was crashed into by a Bus Eireann bus yesterday. Thankfully no one hurt. It's a narrow road, Bus was going slowly enough but was over on her side, she was more or less in the ditch and it looks...

Sorry - another quick question. I see KBC are offering a lower SVR so was just wondering if they agreed to switch my mortgage from AIB would it affect my TRS? My mortgage was first time buyer in 2008. Revenue website says "Notwithstanding the rates of tax relief mentioned above, for...

That would be great if it worked out that way! Thanks!

Some great info here, thanks May I ask for opinions? My mortgage is 240K with AIB, 24 years left and about to be SVR of 4.15%. I have no other debts. My monthly is 1100 after TRS and we can afford it but not a lot more Anyway my question is that I have 30K in cash so what would you do? A...

I don't think it's the bank's fault at all, despite this set up originally being the suggestion of, and signed off by, a bank employee. The only anger is the 'computer says no' attitude of the bank to two people who want to pay their debts but need more time to do so. The son and his wife are...

That, without having the technical understanding, is what i have been suggesting. Apparently the lender isn't agreeable as they see the current set up as more secure from their point of view i.e. the father's retirement & pension. I think they should push for that, though.

That's a new idea, I appreciate that. The son would have been able to make the payments on a 30 year mortgage for 320, but obviously not the 8 year mortgage it has become.

That's what he's facing, and the remaining balance is all of it. it was interest only for the first few years until the son could buy him out. Now he'll get 200K if he's lucky for the second property, but the original loan was 320 or 350, not sure which, so he's looking at a fair bit of NE to...