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Thanks everyone for taking the time to reply to my post. I had at different times and up until recently earned a higher income, so a transition from a lower income now to higher income again and different approach is now required. I’m very thankful for everyone’s advice and have gained new...

Kind thanks for taking the time to reply. Yes my income is too low and is difficult to sustain. I will investigate the professional Artists job seekers again further and see what be achieved. My experience of Social Welfare in the past is that Creative artists tend to be pushed and nudged into...

Many thanks for your reply. The family member is my daughter and her baby & partner. The rent is low as shes moving back home to save up their deposit for a mortgage, which as her father Im grateful to be able to offer them, (I wish I could do more financially for both my daughters) so it’s...

Kind thanks for your reply. Yes that was one of the reasons I wished to free up some money going forward so that I could invest some capital and time to grow my own projects.

Kind thanks, I’ve just received my statement. It would seem that you need at least 520 paid contributions to qualify for a pension. My present total is 1549, so I’m presuming that qualifies me for some kind of state pension.

Hi thanks for your reply, I haven’t established any record, how does one go about this?

Hi thanks for your reply. I have previously checked the criteria for jobseekers artist scheme. According to its criteria: you have to be unemployed (I am self employed) and satisfy their means test, also it is only for the first year of unemployment. So according to their criteria it wouldn’t...

Personal details Age: 57 Spouse's age: N/A Partner's age if not married: N/A Number and age of children: N/A Income and expenditure Annual gross income from employment or profession: €9,500 Annual gross income of spouse/partner: N/A Monthly take-home pay: €800 Type of employment - Self...

Gordon Geko - I’m not financially in a position to change due to intermittent income so very unlikely a bank would entertain a switch. Also, as Brendan pointed out I don’t think such a small mortgage would be of much interest to another bank, so I am pretty much a BOI prisoner at present anyway.

Thanks a lot Brendan, that makes sense. Just wanted to double check. I agree on your summation of switching, I am indeed a prisoner of BOI, also I wouldn’t be in a decent position to switch anyway due to intermittent income and the pandemic situation. So I’ll just keep knocking what I can off...

I’m just about to pay a lump sum off my mortgage with BOI. I recently came off my fixed rate of 2.9% onto a variable of 3.9%. I will probably fix again for one year at 2.9% again. Mortgage balance is €47000 with 10 years left. I have two questions: Does it have any financial bearing wether I...

Thanks Deekie, Yeah it’s an option I could look into, I don’t know much about the GDPR process so will have to Look into it. It’s really about a point of principle. I’m sure BOI Itself would not accept if their bailout by the Taxpayer was recorded as their debt being written-off in April of 2020!

Interested in opinions on this, BOI wrote to me around 2014 and said if I agreed to basically Give up my bank account with them then they would no longer seek a credit card debt I had with them. I presume this was to clean up bad debts on their Books as required by the central bank during the...

No, My home mortgage was not part of any write down in the PIA. Main write-down was a BTL property. I contacted my pip recently and he has assured me that due to my own home not being involved in any write down there is no clawback clause and I am free to sell it if I wish. My home mortgage...

Brendan thanks so much for your reply, You advice does make sense and thanks for laying it out so clearly. I think possibly stretching out the mortgage a few extra years maybe worth thinking about, or just doing the rent a room scheme for a period again. My kids are grown up now so I have an...

Thanks for your reply Shweeney, To my knowledge, I would have thought the Bank would treat any Re-mortgage or mortgage reduction on another property as a new mortgage application so usual Strict lending criteria would apply, but I could look into that idea further. I was doing rent a room (Two...

If I was able to obtain the above credit union loan, I’m interested to know if these figures stack up in the interim Until my credit situation improves? Thanks for any opinions.

Also I’ve been deliberately saving intently every week for the past year with my local credit Union so as to re-establish a good financial history. If my financial situation improved over the next few years I could replace the Credit Loan with a small mortgage. My view was a credit Union loan is...

Thanks for your reply Red Onion, I have a BTL debt on my credit report which Is set to be removed in Dec 2021 and although I haven’t applied for credit union loan, I have made a general enquiry at my local credit union Informing them of my debt situation and they said it really would come down...

Hi everyone, interested in your input to see if this idea makes sense. I’m on a low income (Unable to apply for mortgage) and want to create more cash flow, reduce debt and become mortgage free as quickly as possible. Current home: Bank of Ireland mortgage Balance: €52,950 Term: 11.7...