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Folks, probably crystal ball stuff here but anybody have any views on whether the rates used to calculate breakage fees are likely to rise anytime soon? Have a lump sum of €35000 to pay off on a 10 year rate (3.3%) with BOI. Mortgage taken out last July. Was holding out hoping that if there was...

Thanks for that. Yeah i was thinking it was the 10 years that was the issue. If you get a chance could you post a link to view the 10 year rate so I can keep an eye on it. Appreciate you taking the time to advise

Hi, my wife was talking to them . I think it was 250 for 10000 and we are on a 3.3% rate so I suppose it depends how long we wait and if it's likely to change. We will be paying off more than that though ( about 35k) . We were a bit complacent as we had wrongly assumed interest rates were as low...

Folks-does anyone know has the EURBID rate referred to above used by BOI fallen recently. We paid €15,000 off last Oct/Nov without penalty. We are in a position to pay more off now but when we rang last week and again today we were advised there would be a penalty. We are fixed for 10 years so...

Thanks

Thanks all, good to get a range of views on it. I think I'll play it safe and remove it. I know through experience that fires and stoves need to be looked after and operated properly or they can be dangerous.

I was thinking of just removing the stove and stove pipe. I suppose the question there is whether electric storage heating alone is acceptable to tenants and if removal of the stove would bring down the rental value much. If so, I suppose it could be worth retaining it and having it swept every...

Thanks for the reply, much appreciated. The only other heat source is electric storage heaters I'm afraid. That's why we opted for the stove for ourselves. I guess I could remove it and put in an electric fire for example. Just a matter of weighing up the pros and cons. Maybe I’m overthinking...

Yeah, I'm sure open fire would need to be swept too. We changed to a stove about 5 years ago. Can be a little trickier to sweep depending on the angle the stove pipe enters the flu. Have swept it myself but I reckon the right job is probably a pro sweeping it from above. My concern would be a...

Have an apartment with a multi fuel stove. It's handy as the only other heating is storage heaters so we had removed the open fire and installed a multi fuel some years back for ourselves. We intend to rent the apartment out in the coming months. I'm not sure is it a wise idea to leave the stove...

Thanks Alistair, I think for us it's the case that we don't really know a lot about other alternative investments when thinking ahead to retirement. My wife's family had invested in a property and rented it out over the years which is why she is lucky enough to be receiving inheritance and I can...

Much apreciated. That's kind of the way I'm leaning alright. I have to say it's shocking how little protection landlords appear to have from trouble tenants based on what I've read. It really is a revelation to me what tentants can get away with if they are dishonest enough to go down that road..

Thanks Paddy, tidied up a bit now

Folks, I’m hoping to get a bit of advice on managing personal finances when becoming a landlord. My wife and I are living in a 1 bed apartment but with a young child now, it’s time for us to move on. We’re lucky in that my wife is set to inherit money soon, which, along with our savings of...