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Thank you both for your clarifications. Some follow up questions if I may please: 1. Does it matter whether the renovation work on the primary residence is conducted before or after she enters the home? I presume better before as it reduces her chargeable liquid asssets and it is a grey area...

Well it’s my sibling who mentioned the 60k cost of paying for a Dublin nursing home privately and I’ve not checked it myself - you believe she might be (grossly?) underestimating the cost ? the fair deal cost is a fairly mechanical calculation which I worked out. Thanks for your comments Fidel

The facts: Widowed Mum early 80s considering entering nursing home in Dublin with next 6-12 months. Assets: Principal Private Residence (PPR) 600k, half share in Investment property 180k, savings 120k, annual income 12k pension + 7k rental =19k Any suggestions how to best...

I have a slightly related query if I may. My Mum owns an 80% interest in her primary residence (value eur 500k) with the remaining 20% share held by my sister and myself. Question - For the 7,5% annual loan (or deferred payment out of probate if you prefer) by the HSE are we talking 80% of...

I have a slightly related query if I may. My Mum owns an 80% interest in her primary residence (value eur 500k) with the remaining 20% share held by my sister and myself. Question - For the 7,5% annual loan (or deferred payment out of probate if you prefer) by the HSE are we talking 80% of...

Thank you. For time being i should be able to service the loan but strategic default is morally bad (before i get abuse postings it is foerign bank shareholders who would suffer not irish taxpayers) but it may make cold financial sense depending upon how the bank would react. What chance...

My predicament: Loan: - ECB Tracker home loan with a foreign owned bank (ie NIB, KBC, Rabo etc but not Ulster, HBOS) for ca 650k. Originally structured as interest only but will switch to principal repayment in the next 6 months. Secured on: - two Dublin properties currently rented. Current...