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  1. B

    Snag List Outstanding - Vendor retained funds

    Perhaps you can fill me in here. - was there an agreed written snag list between the two solicitors - was it agreed to rectify that the vendor was to do the work or you? - was it costed? - have you an engineer involved? - how do you establish the work was done and what was paid for it?
  2. B

    Central Bank telling the truth some months and lies other months about mortgage rates

    So in effect - had all the Mortgages been sold on by way of RMBS, the bondholders would have been on the hook for the write downs. But as the Banks Asset Covered Securities, there was full recourse back to the Banks. So in effect for marginally better pricing, the Banks were fully liable on the...
  3. B

    Tax advantage to being a contractor (RTE top earners)???

    Well as we have seen the Contracts were renegotiated downward severely. Pat Kenny would have had a reduction of c. €400k. There is no job security nor pension and its been the way since RTE was established.
  4. B

    Central Bank telling the truth some months and lies other months about mortgage rates

    If you structured Mortgage Bonds to be fixed rate with same duration as a pool of underlying mortgages - that would facilitate the early pay off situation. This country isn't interested in doing anything about housing / mortgages etc as it takes imagination and effort.
  5. B

    Social housing should not be allocated for life

    Affordable housing does not equal social housing. But 25% of all houses built in 1974 (when we had no money) were built by Local Authorities (6250 of 25,000) By 1999 it was like a few hundred Dellboy is right about should not be a freebie But what is needed is: -affordable housing Which could...
  6. B

    Tyrrelstown debacle.... Impact on landlords?

    On Landlords: - far more favourable treatment for REITs (and vulture funds) than individuals (eg USC and PRSI) - PRTB do a reasonable job - Many good landlords but some dreadful ones - it is one of the few asset classes available to individuals On Germany: - happen to have 480 houses per 1000...
  7. B

    Useful VAT Registration Information

    24601 you are alert to the threshold and seem aware that if you go over it that all the turnover will be deemed to include VAT which I think is most unfair. The limit is relatively low and turning down work seems insane. I think the timing of registration is key because of the 12 month rolling...
  8. B

    PTSB Public meeting on PTSB Redress Scheme - Thursday 31st March

    This needs support as Padraic Kissane has been to the forefront of the Tracker Rate debacle. Individuals may have vital bits of evidence to help. All of us will be better than individuals. The challenged middle class need to seize this opportunity as we do not handle complaining too well. If...
  9. B

    Do other EU countries cap mortgage rates?

    Caution? In law there is an equitable principle of previous dealings. This is where something is being done with the agreement of both sides that is not exactly what the written contract says. So if for 7 years the SVR followed faithfully the changes in ECB - would there be a case that the...
  10. B

    " I don't know what a Tracker Mortgage Is"

    How would that be fair and reasonable?
  11. B

    " I don't know what a Tracker Mortgage Is"

    The 'prevailing' tracker created by AIB is one such - in other words one part follows ECB and when you exit your fixed rate the margin is then set. That is what they did. PTSB used 'appropriate balance and LTV'. But Burgess B, AIB, PTSB think these are all fair products.
  12. B

    Do other EU countries cap mortgage rates?

    Remarkable if you read all 200+ pages in 15 minutes. Try France. EC.Europa.eu kinda means it an EU document unless you think I wrote it. In fact the Banks should have been challenged long ago on 'previous dealings' where the non-tracker variable rate remarkably and faithfully followed ECB...
  13. B

    " I don't know what a Tracker Mortgage Is"

    Well X Bank have just ignored this in cases that I have seen and declare that once you went on a fixed rate that was the end of that. Burgess B and 44Brendan might be right if the language used was 'plain and intelligible'. It is anything but. The 'warnings' about fixed rates were all about the...
  14. B

    €100k limit on Credit Union deposits

    http://www.irishtimes.com/business/financial-services/irish-savers-salted-2-5bn-away-in-deposits-in-2015-central-bank-1.2572446 The Irish Times has revealed that Irish Savers have salted away an extra €2.5bn in saving despite the close to zero rates offered by Banks. Why has the Central Bank...
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    Do other EU countries cap mortgage rates?

    This isn't quite what I originally had - but it looks even better http://ec.europa.eu/internal_market/finservices-retail/docs/credit/irr_report_en.pdf "Study on interest rate restrictions in the EU Final Report" 2009
  16. B

    Do other EU countries cap mortgage rates?

    I had the source in front of me - but I didn't save it - I will see if I can locate it. I think it was an ECB document (!!)
  17. B

    " I don't know what a Tracker Mortgage Is"

    44Brendan - firstly some banks (did yours) use terms like 'life of the loan' + 'life of the mortgage' when customers took out a tracker mortgage. Then after periods of (short) fixed rates basically refused to revert them to tracker mortgages. And the documents were anything but clear. Clearly...
  18. B

    " I don't know what a Tracker Mortgage Is"

    2 and 2A If you paid a redemption penalty and the bank issued NO WARNING at all that you were also depriving yourself of a tracker rollover that would otherwise have applied - then they are inventing new parts of contract law. [This was not PTSB] The bringing forward of a termination of a fixed...
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    Do other EU countries cap mortgage rates?

    "..The interest margins of new housing loans shrank slightly and reached 1.4% in December 2014. The margins have more or less doubled since 2011.6 Despite this, Finns pay extremely low interest rates for housing loans compared to the euro area average. The average interest rate was 1.6% in...
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