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  1. O

    First mortgage, living overseas

    Very helpful responses, thank you all.
  2. O

    First mortgage, living overseas

    @RedOnion That's the plan. He's unlikely to be based in Ireland in the next 2 years.
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    First mortgage, living overseas

    Hi, I'm exploring the possibility of co-investing in a property with my son. He currently lives in the US and has done so for the past 3 years. When we contacted a financial advisor we were told that in order to get mortgage approval he would need to match at least two of three criteria...
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    Trying to calculate NET redundancy payment

    A friend is considering taking a voluntary severance package from her organisation but is desperately trying find out the NET amount she can expectd if she signs up. Seems like a maze including SCSB and so on. If someone could please advise on the exact calculation that would be much...
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    Short circuiting the selling process?

    A friend is thinking about moving. Problem is that agents don''t really want to deal with people in a chain. I spoke with a solicitor earlier and she told me the normal leadtime from start to finish when selling a house is about 8 weeks - I'm not sure at what stage in that 8 weeks does the...
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    3 way property transaction involving daughter

    Hi Joe, thanks for your help with this. Roy
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    3 way property transaction involving daughter

    So Joe, the funding for the initial purchase was not 50/50 - more like 70/30 so is it just a case of them buying out my 70%? I suspect that while somewhat unusual this situation is not unique - who is best placed to advise on this? Is it the bank / mortgage advisor / a solicitor / a tax...
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    3 way property transaction involving daughter

    Going back to my original posting (and forgetting about the tax side of things for the moment) can anyone please confirm if this statement from the bank is correct? "In essence you can’t sell a home that’s already in your name and buy it back in your name again. In order to remove your Dad from...
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    3 way property transaction involving daughter

    A few years ago my daughter and her boyfriend wanted to move in together but rent prices (even at that time) were prohibitive. Rather than have them waste money on rent, and as my daughter had inherited some money I offered to buy a house with her and basically they could pay the mortgage...
  10. O

    Section 23 - is it still available

    Thanks Joe, so is it 80% of the purchase price that would be allowable ie. 300k * 80% = 240k. And if so, in the event that I had say 20k rental income - would that mean basically 12 years income with no tax liability? Roy
  11. O

    Section 23 - is it still available

    I saw an apartment that might be of interest. I was asking price around 300k with almost 400k Section 23 relief. I had thought that the Section 23 relief only lasts for 10 years from the date of the first letting so, the certificate outlining the relief is dated 2006. Breakdown is outlined...
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    Remember bridging? How do people move now?

    My daughter bought a house a few years ago and is contemplating moving in the near / medium future. I've been looking at a few house with her which would suit her needs. The LTV on her current house is low ...c.40% and what place she is looking at would not require a whole lot more - perhaps an...
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    Living overseas - letting a property here

    Thanks for that Bronte. I did check about the funding and it is possible - might depend on the LTV but I guess if you're putting up a half or thereabouts they should be interested. Had a call with these folks www.newmoney.ie and they were interested - rates vary from 4.5% to 5.25%, this company...
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    Living overseas - letting a property here

    yes indeed Thirsty - but why would I give it to him? :p and I might need you to explain to Mrs Keano who those 2 strangers are in the kitchen............ seriously though the rent a room scheme is great but not for me at this stage.... not while my son is swanning around the Big Apple enjoying...
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    Living overseas - letting a property here

    I think you misread my posting blured, what I said was "I do understand that the property market can go up or down"
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    Living overseas - letting a property here

    Hi Brendan, while I agree that plans do change I don't agree with the overall thrust of your post. If they have say 50k and are interested in buying an apartment for say 225k (borrowing 175k over 15 years) and letting @ 1500 per month then after 4 years they will have increased their equity by...
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    Living overseas - letting a property here

    One of my kids lives in the US and will be coming back in about 3 years if everything goes to plan. I was suggesting that they should look at buying a place and letting it until they return. Just wondering what the tax liability would be on say a property let @ €1500 so €18k p.a. less I think...
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    Skyscanner - trying to understand how pricing works.

    I've been a big fan of Skyscanner for quite a few years now. I love the way you can check whole of month and set alerts etc etc. However, I'm looking at holidaying in the US in the Fall this year and the pricing seems erratic to say the least. For example, when I go into the tool the prices for...
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    Question on cashing in a pension

    Steven - I understand the point about pensions being expensive and last time I checked annuities were running at about €3k per €100k. I do have an interest in a couple of buy to lets which would be on top of the €400k fund with my employer..... I guess I'm just thinking if €25k in the hand (to...
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    Question on cashing in a pension

    Thanks guys ... I'm thinking taking 25% would give c. €8k cash now and moving the rest to an AMRF @ 4% (think it's 4%...) would give <€1k p.a. :( At present I'm considering a buy to let with a colleague over 10 years so, if I was about to reduce my borrowings by 25k (@ say a rate of 5%) that...
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