Search results

Thanks @Zenith63 and @Micks'r for the responses above. I will try the two solutions you have mentioned. The unit is in the attic and it shows that it is operating towards a normal airflow of 30%. Next time the shower is running, I will go up and see if I can hear it working harder. I am not...

We renovated our house recently, complete upgrade and got a Vent Axia Sentinel Plus Heat Recovery system installed as part of the renovation. It was commissioned by the installer a month or so ago. Is there any way that I can test that it is working properly? It seems to be completely...

Thanks Steven - do you know if it is possible to transfer a pension pot or ARF to a spouse? Or alternatively, if it is possible to transfer the income to a spouse? They have almost 20k of unused standard rate band available but this can only be used if the income is in my mom's name.

Thanks for your input. It sounds like a direct investment in property is not the way to go - properties are available in the area he is looking in for that price but the yield would be low and there isn't a constant demand for rental property. At least with an ARF, the full tax hit is avoided...

I would appreciate any advice/opinions on the following situation as it is not a subject I am knowledgeable on. My dad recently retired at 64 and will have a DB pension income of approx. €45k per annum into the future. He is maxing out the tax-free lump sum he can receive as part of the DB...

Yes, completed switch in June. Process went very smoothly - took 6 weeks in total but no more that 4/5 hours of collecting documentation/meeting with bank etc. Legal fees came in at approx. Eur 900 but still received 2k from AIB so was worthwhile in my view given the limited amount of effort...

Hi Steelman, yes, AIB confirmed I would receive the €2k legal fees incentive provided draw down was after 1st July. That won't be an issue at this stage as I expect it will take 4/5 weeks for the legal work to be completed anyway before the switch can go ahead. I met them in branch. I believe...

Just to update anyone who is interested on how the switch process is progressing: I met AIB 2 weeks ago and took the application forms and information request list from them. The information required is standard - payslips, P60's, bank statements etc. I printed what was available on-line and...

The Sunday Business Post carried a story yesterday stating that AIB are planning to reduce their variable rate again by the end of the summer in order to grow market share. Hopefully this is the first sign of proper competition in the mortgage market. If a couple of the banks start dropping...

Sarenco - Thanks for the information regarding the KBC clawback. It was €1k I received at the time so hopefully that puts me outside the remit of a clawback.

Hi gnf_ireland - yes, I switched sometime around June 2015 when the rate was 3.55%.(I only took out the mortgage with UB 2.5 years ago so I suppose this is really 2nd switch in 12 months!). I spoke to KBC yesterday and they confirmed there is no movement expected at present on rates for...

Hi Brendan - I am leaving KBC because I switched to them under the impression I was getting a variable rate but in reality, am on a fixed rate of 3.55%. They have advised that they have no plans at present to reduce their rates for existing customers. It hasn't cost me anything to switch to...

For a slightly different perspective for somebody considering the gain to be made from switching, it is also worth considering paying the same monthly amount to the new bank (if affordable) but reducing the repayment term of the mortgage. I am currently in the process of my second switch in...