Search results

So I called BOI Mortgages. No exit fee, happy days.

Hi, I traded up earlier this year and took a BOI 1 Year Fixed Mortgage for €380k. 2.6%. I have now sold my PPR and a rental property and am looking to pay off my mortgage. I had planned to wait until the fixed rate ended in January but I am in the position to do this now. Am I likely to be...

Hi, I recently moved to a new house and I'm planning to get a new garage built as a workshop and for storage. It's just for hobby use. I could probably get away with a 25sqM Steel Garage like a Steeltech or Shanette but I'm tempted to go a bit bigger, maybe 35-40sqM. I know that I would not...

I recently made a similar consideration. My old PPR was worth approx €350k and it was a 4 bed semi in a good town centre area. I got a rough estimate to extend out the back and to the side and build a new garage. It was going to cost €150-200k for a basic design and finish. However, the house...

Hi, I'm on a DB pension with a Semi-State. At 60 I will be 6 years short of full service (34 years service). I got a quote of €160k to buy 6 years notional service or €2500 per month over 6 years. I pay the high rate tax. How will this be treated for tax? Will it be similar to paying into...

I previously sold another rental property at a €100k loss from what I paid for it at the height of the boom. I sold this first so that I could carry forward the loss to the sale of the second property. All good advice I read on AAM.

No other debts. Good semi state income and DB Pension. Planning to either buy Notional Service or start AVC's after the mortgage is cleared.

Hi, I moved house earlier in the year and took out a new mortgage (€380k with 1 year fixed until next January). I have just gone sale agreed my old house (PPR) and I have also sold a rental property. There is a mortgage on my old PPR which will be cleared and no mortgage on the rental...

Yes, we were separately assessed. But we had not changed the deeds/mortgages of our properties to joint. They were held in our separate names

Fitz, I'm in a similar situation as I am currently in the process of selling my late wife's apartment that has been rented out for the last 12 years. When my wife passed away 6 years ago, her property was in her name and it was left to me in her will. The mortgage was cleared and I had to...

Hi, I sold a rental property two years ago at a capital loss of €90k. I am about to sell of my other rental property at a gain of €35k. Is there any timeframe as to when I can use this Capital Loss that I carried forward. I also dabbled in a small bit of Crypto/Bitcoin over the last few...

I ended up with two properties in RPZ's and both were well below market rate. I sold one in 2020 and made a capital loss from what I paid originally. I am just after going sale agreed on he sale of my second rental and I can offset the gain against the loss because I sold them in the correct...

Thanks folks

Hi, I'm in the process of buying an item from Spain and I'm wondering what the best option is for sending money. I bank with BOI but I find it hard to work out their SEPA transfer fees. I have a CurrencyFair account that I used for Sterling purchases before and it was very useful. I'm just...

There's a good article on the Irish Times website today that might help. https://www.irishtimes.com/business/personal-finance/what-income-does-a-100-000-pension-pot-give-you-1.4793740

That's great. I'll use the cashback to reduce the mortgage repayments for the year so.

Hi, I'm currently buying a new house and selling two properties, my PPR and a rental. I'm hoping to be in a position to clear my new mortgage in a year to 18 months once both properties are sold. I have applied to BOI and their 1 year fixed rate looks good and I would get 2% cashback. If I...

Hi, I recently went sale agreed on a secondhand house. I hope to close the sale in December or January. The house has no garage and I would like to get a large insulated steel garage/workshop built in the back garden. The shed will exceed the 25sqm exemption so I intend to go for planning...

I recently went for mortgage approval and I was asked to show proof that I had paid tax on my rental income.

Hi, I'm in the process of buying a new (to me) house. I just went Sale Agreed. The house only has a tiny steel shed but I would like to get a 6m x 9m prefabricated steel shed with a concrete base. I understand that planning permission will be required for this. Has anyone done a similar...