Search results

Hi All, I'm currently on a variable rate with my bank and I'm in the process of gathering information on switching. There are a number of options I'm considering but it looks like KBC is a good option with their fixed rates and €3000 cashback. The question I have is, how long should I fix for...

Hi dub_nerd, I'm talking about the tax year Jan - Dec 2013. Thanks, digweed

Hi All, Just a question about a 'chargeable person': Scenario: Regular PAYE employee claiming PAYE tax credit. Gross deposit interest received for the year: €3300 DIRT has been deducted on all of this @ 33% Net deposit interest received for the year: €2211 No other non-PAYE income...

Many thanks elcato. That's great info. Cheers, digweed

Hi All, What are the tax implications on renting out a primary principal residence (PAYE worker, paying tax at higher rate). Income Tax USC PRSI others?? Ultimately, I just want to understand how big the gap will be between the mortgage and the after tax rental income. For example: The...

Thanks very much twofor1! I used the formula you gave and it ties in with the rough value from the mortgage calculator. Seems like the bank is charging me about €130 more than this. I called them today and they said the amount is based on the new variable rate. I asked for a detailed...

Hi All, I'm trying to use the mortgage calculator here: http://www.drcalculator.com/mortgage/ie/ I've recently come off a fixed rate and gone to variable. What the calculator says and what the bank is charging don't add up (also taking into account TRS etc.), so I figure I'm doing...

Thanks all for the responses. This is fine. A few people had mentioned to me in the past that if you are offered a tracker when you take out the mortgage then you should be offered it when you come off any fixed term. I was dubious about this anyway, but no harm in asking. Up until the...

A friend of mine was in a similar situation last year (same bank). He came off the 5 year fixed and was offered a tracker as part of his renewal. I believe it was ECB + 3.25%. digweed

Hi All, Here's the scenario: - 2006 - Drew down mortgage for 2 year fixed 2008 - Received options at end of 2 year fixed. Tracker, fixed and variable options were offered. I took the 5 year fixed (fixed at 5.1%, god help me) 2013 - Received options at end of 5 year fixed. Here are the...

I applied for this account recently too. They wanted the same details, even though I was already a PTSB customer. I asked why, they said it was due to regulations that they need to update the proof of address and documents every 2 years. They said I didn't need to go into the branch though, I...

Agreed, some pretty terrible rates there. I'll keep moving while there are better options in the market. Special interest deposit account is down to 2.5%. digweed

I just saw in the Indo today that there will be a new rate decrease for many UB savings accounts. The special interest deposit account is dropping to 3.0% as I recall. I can't remember when this will happen, but I assume soon. Time to shop around perhaps digweed

Was looking dodgy for a while there. Apparently, "October" means "November" in Ulster Bank :rolleyes: digweed

Hi All, Does anyone else have this account? I thought the interest was due today but doesn't seem to be there. digweed

See here: [broken link removed] Interest is paid upfront – 16 days after account set up and receipt of cleared funds by KBC Bank Ireland Rate 3.80% Gross / AER (Fixed) Minimum Balance €3,000 Maximum Balance €1,500,000 Interest rate fixed for the term...

Thanks for the info Jkrnax. I don't want to go off-topic, but yeah the tracker piece is something I'm looking into. I was offered a tracker on my renewal, but did not take it [rates had done nothing but increase right up to the time I fixed. They fell as soon as I fixed, but that's another...

It's great to see support for this situation. Great work from everyone involved. I've been on a 5 year fixed rate @ 5.1% with PSTB for over 4.5 years. I fixed at the height of 'high' interest rates and just before the banking crisis. It's been a long and painful road and I'm hoping for more...

Thanks for the all replies everyone. So I've noticed a lot of providers offering discounts to move mortgage protection, but this would imply that it is easy (and legal) to do so. It still doesn't seem very clear to me. It sounds like those providers who gain, see it as ok. Whereas those who...

Hi All, I currently have mortgage protection (terms based) life assurance for myself and partner, which we were required to take out when we took out a mortgage 5 years ago. Now that things are a lot tighter, I was looking for ways to reduce this cost, while maintaining the required cover for...