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The plan is to cover the shortfall, as a discount is very unlikely I agree. Thanks for that advice Brendan, re the sale.

That would be the intention.

Nonsense. They are not looking for free money. They will cover the negative equity shortfall.

Well they sought a restructure and were given one, which is still in place, despite getting a ‘free’ house in need of significant work. Their overall financial position was not good to begin with, but has improved over time since.

A married couple bought a house in 2004, lived there until 2012, then moved into a house inherited by the husband. The original 2004 house has been rented since, long term tenant, no issues, on HAP, all tax affairs etc in order. Mortgage was restructured to full interest and part capital...

In terms of the HAP standards for rented accommodation, is there a minimum standard or point on the BER scale required to be met?

Ok I wasn’t clear. I am willing to remain as a landlord in the current market as things stand. I play by the rules, always have. My problem is the cap on rent increases, when coming from a below market rent situation. Even when the proposed new rent would still be below market rates. Other...

True re prospective owner occupiers looking for a home. Rents already in place not 'high' and will remain that way, and I have never 'squeezed' anyone. It wasn't a dream, and its not going pear shaped. And I can 'cash in' now if I want to. But I was always happy to take the long term view...

So, does anyone have any expectation that the government will address the issue of single property landlords in receipt of below market rents? Even where the increased rent would still be below the market rent, but more than the 4% allowable under RPZ rules. I am aware of 4 such landlords...

Yes the right of residence is for the life of the father. It’s an unusual situation, there’s a bigger picture involving other properties owned by father and son together. There’s no dispute, the son just wants some clarification, as there was some suggestion the right of residence would be...

A man lives in a house, alone, owned by his son, the son has given him, his father, a right of residence there. If the father marries, and wants to live in the house with his wife, what becomes of the right of residence? and will his wife have any entitlements if he dies before her? Thanks in...

Yes, a right of residence. Thanks for the reply.

Posted this in mortgages forum but no replies, might be better asked here? If I own a house, mortgage free, and I give a life interest to someone else, living in that house, can I raise a mortgage using that house as security in the future?

If I own a house, mortgage free, and I give a life interest to someone else, living in that house, can I raise a mortgage using that house as security in the future?

It is an assumption. The correct one in my opinion going on past form. Yes I agree with this approach. He made the arrangements on the assumption that at least the cost of the funeral would have been provided for in the estate, and these bills would be paid in due course by the solicitor...

No.

There is no extended family. The only living relatives are the nephew and his mother, the deceased mans sister. All his relatives through marriage live abroad, and never had any contact with him, or the nephew. Until he died. 1 might be possible, and it's a maybe at best, if 2 can be guaranteed.

The nephew of the deceased man did hire the undertakers. He did not hire the solicitor, he's only acting on what little information he was given by his uncle before his death. Which was only to contact the solicitor who prepared both wills for this now deceased couple. The nephew is not...

An elderly man passes away, pre deceased by his wife, there are no children. It seems the house was in her name only and in her will it was left to a nephew of hers, who lives abroad. Her husband was given a life interest, and never told anybody the situation until shortly before death. There...

So there is more than 1 owner... As revenue see it. As the owner abroad is refusing to pay, will revenue look to the occupier to pay? Given that they're based here, not abroad which makes it easier for them.