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Thanks for the many good points made. Just to clarify that there will be 4 people living there as there is already a couple there. This is also a fixed tenancy. I'm thinking perhaps I write to them and leave them have 2 licencees for a period of 6 months.

Hi All, Hoping you can help with some advise this. My tenant who is in 2 bed apartment about 6mths wants another couple to live there whom he is related to. I have said no as I know one of them has a poor employment history. As the tenant is a good tenant I want to help him if possible. So...

Yes great website and really appreciate the different views being expressed.

There are 20 years left.I'd doubt if they would extend it. If I extended it by say 5 years that would reduce repayments by aprox. €150.

No prob-details here: Income € 10,800 Exps -€ 1,800 Repayments € 14,316 Tax € 841 Interest 3.95% Mortgage bal € 200,000 Value € 130,000 Ouch!!

Yes its a slippery slope. The car purchase is a matter of when rather than if though as I clock up the miles. Still I'd hope to borrow a small amount if possible. Hopefully get another year or two out of it. I agree I am overexposed to the property though I did buy the PPR at a good time and...

Thanks Bronte. The rental though isn't all gravy. I'm putting 5k into it every year. There is also a good deal of risk and I already have exposure with another property and my PPR. I agree there is risk with the pension and the money is also tied up. I would say though that the scheme puts the...

Thanks Sarenco for the excellent and comprehensive analysis. Some sound advice here. I particularly agree with your analysis of possible interest rate hikes and potential to hit me on the PPR mortgage. I think my mind is fairly clear now on the way forward which is to shift the rental property...

Thanks 44B . I mentioned the capital repayment above. Neg equity is hopefully gone. I feel I already have enough skin in the property game(and been skinned too). When you have very limited cash resources or sometimes none these comparatives are very relevant e.g I could for instance have to...

Thanks for reply Sarenco What would the rental property sell for today? €150k What is the tracker rate on the rental mortgage?1.1% 18 years left €146k left Is your PPR mortgaged and, if so, at what rate? Yes 3.6 Do you have material retirement savings for your age? Nope- DC company scheme...

Hi There, Have a rental property with the following numbers. Rent 7,800 Exps -954 Repayments -8832(incld int) Tax -2,566.49 Total Net Outflow -4,553 This cash outflow though is killing us even though we are on a tracker which is great and we are paying off capital debt mainly. If we sold we...

I'd say impossible really as my read of this is that this debt is personnel debt. This is going to be a bigger problem going forward.

Yip messy is the word. MUD act being as clear as Mud in this regard anyway.

This is exactly what has happened now. The seller has passed the debt on to the purchaser so we now going to have to start chasing them down if they don't pay. Doesn't seem to have been in our control in any event.

Butter specifically said that "we have gotten in touch with the estate agent in question & pointed out to them that there is a management company in operation in the development & to please ensure the potential purchaser is aware of this. We do not discuss the current status of the account."

Sorry to resurrect this thread but does anyone know for a fact how this works as I'm a Director of a company with a similar issue. AFAIK under the MUD act the debt is contract debt so I would think it stays with the seller and can't be transferred?? Therefore to get this debt back you would have...

Getting the message out there has everything to do with the banks. AIB certainly did not get this message out in a timely basis. A message was sent on the 29th of April on IBB!!

Nice going there from the banks. Many people seem to be without payments today. http://businessetc.thejournal.ie/european-payment-holiday-affected-irish-banks-ptsb-aib-boi-1443077-May2014/

Where is the "must not own other properties" bit come from? Bizarre

Thanks all. Didn't think they would be.