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I think before you sell an asset you should work out your monthly incomings and outgoings. Your net monthly income including the rental income must be between 14-15k? I don't know how much the mortgage on the IP is but say it's 1k then your loan repayments plus childcare will be approx. 6.7k...

Just to see it from a slightly less conservative side - assuming the 80k is used immediately to clear 80k of unsecured debt then they are in a position where income is 260k while debt is 1026k with no immediate pressure to repay 100 of it (forgetting about embarrassment etc). This makes their...

Unless you want a longer fixed term though for whatever reason? 2.3 sounds great but it's only for 2 years and I think lots of people want a longer term than that (we definitely do). So UB at 2.6 for 4 years isn't as attractive if cashback is factored in...

Yeah it seems BOI are happy to go to the 2.8% no problem but dig their heels in after that. I'm guessing with LTV at 75% we are probably doing ok to get the 2.8 for 5 years. Can they choose to waive the break fee? Since it's based on a specific formula I don't think there is wiggle room on...

Did anyone have any luck improving their reduction offer from BOI? We are paying 3.2 fixed and have been offered the 2.8 for 1,3 or 5 years and 3% fixed for 10. Our LTV is 75%ish. We have yet to get our extra 1% back so don't feel the 2.3% for 2 years is a good enough deal to switch to Ulster...

Nope the CB forced them to take out that condition so you can literally switch whenever you want :) So as long as you're prepared to put in the work involved to actually make the switch then cashback offers are pretty good right now.

Yes, we didn't have a problem although we do have good incomes and stable jobs. No, the €3,500 was just after payment of mortgage, life assurance and house insurance - so basically they want you to have a minimum of €3,500 for everything other than house related costs. We don't have kids yet...

Yes, we have just done it. My husband is an FTB but I am not, one investment property probably c. 50k in NE but strong rental income. We have just bought a family home with a 10% deposit, lender is BOI, we chose the one year fixed rate of 3.55% in order to get the 2% cash back (this was worth...

Hi Brendan / anyone else who wants to help! It's just over a year since I posted and wanted to give an update / ask for advice on latest situation. Nothing much from the above has changed other than the following; 1. Divorce is currently in progress with a court date expected soon - yay! 2. I...

Thanks Brendan. I suspect I'll have to be patient!

Yes, we have 30 years left. I will get the annual statements shortly anyway for the tax return. 868 seems to make sense as the 876 figure my ex gave was last summer before last rate cut. Yes, I pay half of this each month. I know my ex pays the other half because the 650 rent goes into the...

Yes, I think you're right. I think we will have to save for a min. of another 1.5-2 years. It's upsetting and I feel like I'm totally shackled to my ex despite trying to save steadily and be cautious (except in 2006!). Out of interest - I see lots of my friends who bought back in boom years...

Thanks Brendan for your reply. The lender is/was Halifax now Bank of Scotland and we're dealing with Edinburgh. I'm pretty sure our tracker is ECB plus 1.35 which should make it 1.4 right now? It's a little complicated but my ex tells me the mortgage payment each month now is 876 (I was...

Hi all, Hoping for some advice on my current and short term future situation and the best way to approach it. Slightly long and complicated so bear with me. I currently own an investment property with my ex husband. We originally lived there as our PPR and on separation we both moved out and...