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  1. M

    What legal options when one party refuses to engage

    2 people bought a house together - both on deeds & mortgage. One person (call him John) paid the deposit, put considerable money into the house and has been paying the mortgage. John is resident in the house & the other person (Mary) has moved out. Mary has said (verbally) that she would...
  2. M

    Options when house in positive equity

    Hi all. Would be grateful for views/options on this scenario. Couple buy house together and split up shortly afterwards. Person A pays full deposit & spends considerable amount of money doing up house. Person B contributes nothing (or very little) and moves out of house. Both people...
  3. M

    Should I apply for redundancy?

    Thanks Gerry. From all the advice I have been given, it seems very clear that I am not ready to take this "plunge" yet. And while it is a "one time only" scheme, it seems clear that I could regret it without proper plans in place. So, I'll stay put for now!
  4. M

    Should I apply for redundancy?

    Unfortunately unpaid leave isn't an option at the moment but that could change during 2015. I am paying €1,000/month on the credit card, so should have it cleared by end year.
  5. M

    Should I apply for redundancy?

    Not harsh at all. I came here looking for advice. The business idea is just that - an idea. I don't have any specific plans as yet. My credit card debt is historic. It was at €11k 2 months ago & now at €9k, so a substantial amount of my take-home pay goes on that. And will continue to do so...
  6. M

    Should I apply for redundancy?

    Thanks everyone for the advice. I think the debt issue has been overstated by some posters. I'm not considering this option just to rid myself of that debt. It's more that I would obviously pay it all off if I got the redundancy. The idea of having 2/3 months career break is really nice & I...
  7. M

    Should I apply for redundancy?

    Thanks for your advice. I am in Dublin so plenty of jobs. The reason I say spouse's income not relevant is that he earns a lot less than me. But we split the bills (50:50) and rent (based on our current income pro rata) So I need €800 per month for rent. 50k would pay a lot of monthly rent!
  8. M

    Should I apply for redundancy?

    Age: 37 Spouse’s/Partner's age: 32 Annual gross income from employment or profession: €78,869 Annual gross income of spouse: Not relevant Monthly take-home pay €3.5k Type of employment: e.g. Civil Servant, self-employed Public servant In general are you: (a) spending more than you...
  9. M

    What is the most shameful lending criteria you have encountered?

    This is an interesting story (I think). My sister (who earns about 30k/year and has done so for the last 10 years) was talking to a friend of hers back during "the boom", who is a Chartered Accountant (and now earns her keep acting as a liquidator). Chartered Accountant asked my sister why she...
  10. M

    mortgage arrears and credit rating

    Any missed payment - even one - will show up on your credit history. If you can't afford the repayments there are better ways of dealing with this - going interest only for a time, reducing your repayments, extending the term. Talk to your lender ASAP - as in, tomorrow. All the main lenders also...
  11. M

    Applying for mortgage - Savings ?

    You'll need at least 8% of the purchase price saved as a deposit. But the more you have, the more choice you'll have re. lenders. AFAIK, only AIB will led 92% - the others will lend a max. of 90%. Your interest rate may also be higher for a higher LTV mortgage.
  12. M

    Can you get an Irish Mortgage for property in Spain

    Re. the mortgage, I know some Irish banks did joint ventures with Spanish banks to facilitate Irish people buying property over there (during the "mad" days) My understanding is that an Irish bank would have no security on a property in Spain (as in another jurisdiction, unless it can be secured...
  13. M

    Credit Card PPI -can someone clarify?

    No - Pinnacle card insurance is PPI. You might find this interesting: [broken link removed] The point is - did you know that you were taking it out?
  14. M

    need a student loan of €10k

    Check this out: http://compare.nca.ie/StudentPersonalLoan
  15. M

    BoI agrees to €152,000 write-down of mortgage debt

    Is this the difference? I know loads of people who have gone to their banks & asked to sell their houses (not all in arrears though) & convert the short-fall to a loan & have been given a flat no.
  16. M

    BoI agrees to €152,000 write-down of mortgage debt

    This "debate" is all very interesting - but does anyone know WHY BOI wrote off this debt??? What makes this case so different to the loads of others who can't get permission to sell their house for less than the mortgage owed?
  17. M

    Direct Debit

    No there is nothing you can do. If you didn't want to pay Halifax this month you should have contacted them to tell them not to present the direct debit. You cannot assume your bank will not pay a dd just because there is not enough money in your account. They will often put them through, rather...
  18. M

    Is AIB mortgage rate too low? they will lend is €105k and the interest rate is 3.3%.

    The short answer is that AIB can do whatever they like with their standard variable rate (subject to Govt. pressure/suasion etc.) How their rate is so low is not something I know but congrats on getting approval - no mean feat these days! If you are worried about rate increases you could fix...
  19. M

    MARP & 1st year has expired: How do we surrender our home?

    I assume that you have been in the MARP & that the first year has run out???
  20. M

    Looking for another mortgage, would a bank just laugh at us?

    Very unlikely. Even if you didn't have the 2 rental properites banks are very reluctant to give you a second mortgage (if you couldn't sell & had to rent out your PPR) - let alone a 4th mortgage! Be happy where you are OR rent out your PPR & rent a house in the area you want to move to.
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