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Repayment capacity wouldn't be an issue (even ignoring rental income). Total borrowings would be below 3.5 times combined salaries. Total LTV would be below 60%. All seems mad to me, given rental property shortage. Guess this is the reason for shortage.

Anyone know what the state of play us re equity release from PPR to fund deposit part of a Buy To Let is. Bank of Ireland said they don't do it as would mean you are taking a 100% which seems inaccurate and stupid. LTV is approx 35% at moment after a timely purchase with significant deposit a...

As a separate problem. Has anyone else run into the same issue I have? I sold all my holdings recently on FXCM after they were transferred there from Direct Share Deal. Now I need to know what prices I paid for them and other sales that were made at a loss so I can sort out tax return...

Only noticing your question now so possibly a bit late. Place seems to have settled somewhat. Problems generally only occur on long summer evenings and are teenage related. Current groups of teenagers seem to have grown up and moved on. The specific problem I mentioned re window occurs...

Probably worth having a read of this http://www.itsyourmoney.ie/iym/interestrateoptions Specifially the paragraph: You'll likely have to fight for it. There's a number on website above for queries.

I'm a little late to the thread here but I'll post my experience/advice anyway. I've rebuilt my own bikes since I was a kid and do all my own repairs etc. (except if specialist tools are required) so I've a good idea how they work etc. Bought last bike for my Niece (who was 3 at the time)...

In general, banks aren't giving 2nd mortgages at present. You'd need to dispose of your house and clear negative equity to get another mortgage. You're already on the back foot, essentially.

Last summer is irrelevant as approval is only in principal and only lasts for max of 3 months if even. No hard conditions for loan approval these days. Bank looks at each case from a risk perspective and adjudicate. Frustrating that it changed but that's the way it is. Most banks won't lend...

If you sign a deal, for a fixed rate, then it runs till that deal expires. e.g. Say 2,3,5 or 10 years. Phasing out just means they won't offer them in the future. Some banks have already phased them out by making the charges prohibitively high. Only people who can definitively answer your...

Don't see how there's any comeback here despite some of the fuffling replies. An application is not legally binding. You're just asking for, or saying what you'd like. Bank didn't offer you what you asked for, for whatever reason, but something different and you accepted this. No different...

Generally you will lose the tracker if you fix. In other words you will be on a variable rate, not tied to ECB rate, after the term is up. This is usually considered a bad thing to give up. Your current rate is 2.1% which is a super duper never to be repeated low rate. Over the next 2-3...

Only people who could answer that are EBS, a mere phone call away. Think today is the last day though.

They are not directly connected but it's extremely likely that an ECB increase will also lead to an increase in varibale rate. Yes cost of funding is related to other factors. Mainly the cost that Irish Banks and Government are paying to borrow, the later being currently at 5.8% However all...

ZERO chance. Legally mortgage has to be cleared in full by solicitor for sale to proceed. Otherwise other party would not be getting legal possession. You can't transfer a mortgage to a new property. You would be taking a completely new mortgage, new contract etc., unlrelated to first...

A big thing to be aware of in Foxfield is that it is divided into 2 parishes. Raheny Parish and Foxfield Kilbarrick Parish. The cutoff is either Foxfield Drive or Foxfield Lawn. West being Raheny, East being Foxfield Kilbarrick. You'll notice a sizeable difference in price as a result...

At lot of the problem is brain drain caused by the recession. In better times you could hire people over from the UK, Mainland Europe or Poland etc. as they opened up. Most people see Ireland as in deep deep recession and quite simply won't move here at the moment. The still ridiculous cost of...

People got used to never to be repeated super duper low rates due to the lifetime anomaly of joining a new currency where the biggest countries were in recession at a time we were booming like never seen before in history. Rates are returning to normal. No where near penal. <4% is a super...

That's kind of scary that you're struggling with an interest rate of 1.5% and would struggle with even 3%. ECB rates will normalize at 4 to 5% over the next few years, higher if inflation gets out of hand.

Yep. That's certainly what I think anyway. It's about personal responsibility. It's a free market so those that made bad decisions and over extended will lose while those who made good decisions and saved will benefit.

I can cope all right but then I'm not really a follower of fashion and sold off my house when others were all buying. Hence I've no mortgage and interest rate rises are actually beneficial to me. It will push up deposit rates and further depress prices allowing me to buy a better house with a...