Search results

Agree completely with Brendan. In essence you’re looking to borrow 100% to purchase a BTL in Ireland. I would advise against. With costs of running, taxes, presumably needing to employ someone to look after, and pay mortgage this couldn’t make financial sense. Far from low risk I would see this...

Former first active customer who has posted for years on this site and pursued my case with the Bank, took a case to FSO and have corresponded several times with central bank. UPDATE. Finally..... Today I received a letter from UB stating that I have been impacted and I ‘did not have the...

Is this for real? A distant 3? While i agree that 1 and 2 contributed massively, the failure by borrowers to repay their loans was instrumental. Personal responsibility??

No update. Same situation as some others including Miakk. Former FA, through the mills. Getting std letters every 2/3 months saying nothing new.

Brendan. For clarity the earlier wording re the CCPC's website is not the first active wording. I agree that the entire wording should be read together. However it is the banks who are misrepresenting the letters, selectively extracting, misrepresenting a letter as a tracker removal letter when...

The optimistic in me thinks that the First active trackers are such a black and white issue that the Bank are staying quiet and attempting to resolve other tracker issues. Then quietly they will simply fess up and give the first active people the trackers back. The pessimist thinks something...

Posted the below on another post but probably better here. This whole tracker issue is getting bogged down in a myriad of issues and concerns, getting side tracked, confusion between those who have a very legitimate grievance, those who may, and those who probably don't, and those who certainly...

Agree with last OP. Be careful. In my experience the FSO process was a joke. He was in the pockets of the banks. It may have changed since, but once bitten........

Well done. Quick question. Was this an ulster bank or former first active mortgage. As far as I can see former first active customers have not seen much progress. I contacted central bank again though they simply referred me to the bank again.

I agree with the last op re the moral issue and dilemma. Very difficult issue and hard for the family. Would be careful with overdoing the moral aspects though. The banks are not exactly focused on moral issues when it comes to repaying the mortgage. Neither is the govt in its treatment of...

On the topic of the original post, it's very high risk. One tenant a pharmacy. Sector is risky, challenges to health budgets, big decrease in the profitability of that sector in the last 10 years and not anywhere as attractive as it was once. What info do you have on the tenant, who, financial...

I had one last year in Spain, superb. Think it was around 7 euro a day but there was a capacity limit. Unlimited was an extra few euros and I would definitely get unlimited next time. Super for everyone in the family most particularly tired kids at night time!

As said above a very interesting case and some great contributions above. No simple answer and can justify either in my mind. Here's another way to look at it. Let's say you had your house at 460, with a mortgage of 330k, i.e. less the 130 equity in your existing house. Would you in that...

Always perplexes me as to why some people are so aggressive at roundabouts. Particularly at large roundabouts, if there was more courtesy shown many more cars could use simultaneously and there would be a better traffic flow and shorter lines. But some people seem to think that it's one car...

Agree it's very slow and can wear you down. Stay the course, and don't allow it get you down, difficult and all that may be.

Not black and white. No 3 makes perfect sense and is one of the main issues underlying the tracker issue. If it was a simple issue it would have been solved long ago. As a FA customer the fixed rate agreement provided that I had option to return to prevailing tracker. Nothing else in what I...

Former FA. No update other than usual letter.

I did. Not happy to get a big discount they also felt aggrieved and shortchanged not having a tracker.

I proposed to a neighbour who bought their house 40% cheaper than mine, and were complaining about having a std variable rate that I would solve their problem. I would give them my negative equity mortgage and tracker rate in return for their mortgage and svr. That would solve their complaint...