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Just thought I'd add a final postscript to this. I'm the OP from May 2011... First off, no - the bank did not offer to write off any of the mortgage as a sweetener to get me off my tracker. I don't think I mentioned before but I did secure a meeting with a home loans manager in a local AIB...

AIB did once again restate that the property would revert to a BTL rate. However I doubt the validity of this claim. But I never followed it up because I decided the best course of action would be to sell. I put my house on the market and achieved a very painless sell. I priced it well and...

Thanks again for all the advice, particularly millieforbes! (I'm most thankful for the advice that I like to hear :o). I have not spoken to my bank on the topic (yet) as you suggested. There are 2 main reasons for this: 1) I don't think I'm financially savvy enough to negotiate with them. They...

I think the point about the good tenant is the most pertinent.

There has been a lot said on AAM about this topic. I'm a new poster so I can't post the links but if you do a search (top of the page) you should find some info. Alternatively a google search will do the trick: "askaboutmoney.com" safe bank

I have a condenser in a small, windowless utility room. It does lead to some condensation in the room - depending on how wet the clothes are.

Incidentally does anyone know which RTE broadcasters are staffers ? Or have a link to a source for this info ?

If she doesn't use boxes then it wasn't her. CCTV probably shows the boxes were left there around the time her car was there. They may be chancing their arm and sent this fine to a few people who had a car there at that time. The guilty party realises they've been caught and pays up. The...

What page of the loan agreement is it on ? I want to be sure that my AIB loan agreement document is different to yours. If so we might be able to pinpoint when (if) AIB made the changes and alert others to the fact. ( post #12 refers: www.askaboutmoney.com/showthread.php?p=1177247#post1177247)

Do you mind me asking where are these T&C's ? Are they in the signed loan agreement ? Or is there a Tracker T&C's document. The reason I ask is that I'm in a similar situation to yourself but I can't find any mention of PPR in my loan agreement.

I should have made it clearer that I can't put all savings against the neg equity. The max would be 100K. It is too risky to leave my family with no safety net. We are in particular need of this safety net for reasons I'd rather not elaborate on. It's very interesting to hear everyones...

On this point... I have dug out mortgage documentation. It's a copy of the 'Offer of Mortgage Loan' doc that AIB give to customers. I remember getting a few versions of same as I borrowed a slightly lessor amount than originally requested. I can't find the original signed copy (is this something...

Thanks for opinons so far... Oh, I guess then that if the house is left vacant then it will also lose status as a PPR. What happens if a person leaves the country and rents out their PPR ? A very valid point. I must read through my documentation properly. The official on the line seemed...

I'm putting it all into confusedude's bank a/c and would heartily recommend you do the same. I'll PM the a/c number, if you like. :D

On the renting front... I've spoken with my lender (anonymously :o) and have been told, in no uncertain terms, that if I were to rent out my property I would lose my tracker rate and be put on their BTL variable...which is 4.2% compared to my current tracker of ECB +1.1% ie 2.35%. So, if I were...

This is kind of similar to what I'd like to do, as mentioned in my thread, but I like the concise way that you've explained it! Incidentally I spoke with my lender (AIB) today - albeit a faceless person on the phone from HQ - and didn't get much joy. He was a very nice chap but seemed to be...

I think my definition of 'debt forgiveness' might be misinformed. I mean the temporary forgiveness of my debt by the bank to allow me to sell my house at a loss, buy a similar/cheaper house and continue to pay back the full amount of money that I borrowed from the bank. Its purely for social...

Hi, long time reader but first time poster. My situation is that I'm living in a Co Kildare town and bought my house in mid 2006. I paid 320,000 for it. It is now worth half that (hopefully??). But the market does not seem to be moving at all. My wife is due our second child in August and our...