Don't want to lose savings to mortgage!

Tinney78 said:
I asked for advice that was all. Asking should I hide money is asking advice! I don't have a financial brain hence I'm here seeking advice
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You are effectively asking us how to defraud your bank. But you can afford to pay them back and have no extenuating circumstances. And you also have a solution to your predicament.

Sell the house, pay back the NE. That leaves you with 15K to maybe 25K. Go and rent somewhere cheap and save the money to build your next egg back up. And chose somewhere you only need one car. No headaches, no cheating the bank and keeping yourself honest. Far better than what you are trying to do.
 
Do you know that you are actually looking to commit a crime. Even by asking here you are committing a crime. Does that make you proud to be a criminal?
 
I didn't know there was a legal requirement to keep your savings in the same bank as your mortgage. ?
That's news to me.

I'd move it to a different bank without asking too many questions.
If they ask you why tell them you don't trust them.
 
RichInSpirit said:
I didn't know there was a legal requirement to keep your savings in the same bank as your mortgage. ?
That's news to me.
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There is no legal requirement to keep savings with the bank you have borrowings with. The question asked (but not really asked) was should they hide them which is not the same as banking elsewhere.
 
To the OP
I repeat my advice from a few posts back

Anyway, unless there is something we don't know, with a baby on the way, you and your wife should keep up the full repayments of 1700. Based on your timeline for moving in 2yrs, that equates to 12,000 (500 x 24), some or all of which is capital. This still leaves you with combined cash of 33,000 to go towards any shortfall on the mortgage come sale time.

Alternatively, sell the house now, settle up with the bank and rent somewhere cheaper than 1200pm. Then you can build up some savings again to help with the relocation.
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To tommy8. I'm far from a criminal!! I asked for advice that's all. I'm not a financial whiz kid trying to defraud our bank. I'm asking the question that is all. If you see me as a criminal for asking the question maybe you should keep that opinion to yourself as it leaves me with the opinion that you are an idiot who like me hasn't a clue what there talking about when it comes to financial affairs! Maybe you should stick to asking questions rather than answering them!!
 
Tinney78 said:
To tommy8. I'm far from a criminal!! I asked for advice that's all. I'm not a financial whiz kid trying to defraud our bank. I'm asking the question that is all. If you see me as a criminal for asking the question maybe you should keep that opinion to yourself as it leaves me with the opinion that you are an idiot who like me hasn't a clue what there talking about when it comes to financial affairs! Maybe you should stick to asking questions rather than answering them!!
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Should an how could we hide savings from them??
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Asking for advice in hiding savings in order to defraud a bank is a crime. Utterly shameless. Try and live your life with a bit of honour.
 
Should???? Was the first part of the question!! What gives you right to judge me for asking a question?
 
Tinney78 said:
Should???? Was the first part of the question!! What gives you right to judge me for asking a question?
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You are attempting to steal 40K from a bank that I have a shareholding in. When google comes back online I will show you the appropriate legislation.
 
Lad stick your legislation! I asked a question an your calling me a criminal an that I'm attempting to steal money!! It's our savings with tax paid on every penny of it! All we want is to have a little bit of a rainy day fund. Can I ask are you a financial advisor or what game are you in
 
Tinney78 said:
Lad stick your legislation! I asked a question an your calling me a criminal an that I'm attempting to steal money!! It's our savings with tax paid on every penny of it! All we want is to have a little bit of a rainy day fund. Can I ask are you a financial advisor or what game are you in
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You are looking to get a lump knocked off your mortgage and keep your savings, hiding them and making false declarations no doubt. Utterly vile that you are bringing a child into this world with such a selfish and criminal attitude

I work with the Gardai.
 
10.—(1) A person is guilty of an offence if he or she dishonestly, with the intention of making a gain for himself or herself or another, or of causing loss to another—

(a) destroys, defaces, conceals or falsifies any account or any document made or required for any accounting purpose,

(b) fails to make or complete any account or any such document, or
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irishstatutebook.ie/2001/en/act/pub/0050/sec0010.html#sec10
 
Ill assume your standard rank and file Garda cause I can't see how asking a question is a crime? Don't think you would quite cut the mustard as a detective with that knowledge of yours. Maybe your a bit bitter about croke park 2. Don't worry about the pay cuts you could make yourself a small fortune as a private detective on the side
 
Yes, I'm bitter about losing disposable income to fund other peoples mortgages because they were too stupid to look after their own finances.

I've thought about the private investigations. I do a lot of anon work with revenue and landlords, working on daft and various forums. You can tell an awful lot about a person by their username and post history and some advanced google searches. How old are you I wonder....
 
I was planning on writing a defense of the OP anyway but wow, this sure has degenerated... Y'all need to chill...

The OP is not necessarily looking to defraud the bank. He has asked for advice on (a) safeguarding his wife's savings but primarily (b) how to get the monthly repayment reduced because she is on maternity leave and only getting maternity benefit. It could be that his concern is that, with savings, the bank won't allow the repayment to go to interest only - which could be all the breathing space they need. Nowhere does the OP ask for help in hiding the savings to get a write-off - he wants a reduced payment which is not the same thing (if it's only temporary). If the mortgage is not on a tracker, there is no cost to the bank (or the taxpayer) in allowing a period of interest-only. I can understand the concern that the bank won't allow interest-only if there are savings sitting there but it's really none of our concern, nor is it criminal to ask for interest-only whilst also having savings.
 
I'm 87 next week! I've a long red beard an drive a 93 corolla with no tax or nct an the indicator on back left is knackered! Sure god love you tommy, a guard who believes that asking a question is a crime. I'd say you give the boys in your station a good laugh everyday!
 
Tinney78 said:
I'm 87 next week! I've a long red beard an drive a 93 corolla with no tax or nct an the indicator on back left is knackered! Sure god love you tommy, a guard who believes that asking a question is a crime. I'd say you give the boys in your station a good laugh everyday!
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But you drive a Ford Focus?
 
Thanks orka!! I see you actually read my initial question. What you outlined is exactly what I'm trying to do! But in asking one simple question I've been called a criminal who's intent it is to steal money! Advice is all I'm seeking as I don't want to have to work around the clock an miss the first precious months of our new arrival! I've stated when it comes to finances I'm useless that's why I came here!
 
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