loan

  1. G

    Using loan to pay mortgage faster

    Case study using BOI and their online mortgage and loan calculators (for simplicity): mortgage - 200000, 3%, 20 years monthly payment 1109 total cost 266160 Before taking mortgage - take a personal loan: loan - 20000e, , 6,8%, 5 years monthly payment 392 total cost 23515 now you need "only"...
  2. L

    New Credit Union Loan - but savings account frozen without being told.

    I got a car loan today, as I was in dire need of a new vehicle. While applying for the special car loan I was never told my already existing savings would be frozen. In the meeting I had for the loan I even asked would i still be able to still take out money they told me it shouldn't be any...
  3. M

    Arrears with credit union.

    Hello there, Have a quick question, I have a loan from credit union, I’m repaying weekly 94€ never missed a payment, I asked them to rise weekly payment up to 150€ a week instead of 94€, and now I saw that loan account is in arrears of 52.16 why so?
  4. B

    Short term loan property backed

    Not sure if this the correct forum so moderators please move if not. Hi, any advice appreciated. Short term loan required €215k max of 6 months. Assets: Business premises €230k. Assets: House 1 €235k. Assets: House 2 €310k. No mortgage on the above. House 1 is sale agreed but as in chain...
  5. B

    Loan/credit card when I have bad credit rating

    I am off work sick at the moment and, from this week will not be paid at all. I am single & live alone (so the bills are all on me). My mortgage is due to be paid next week, my pre-paid electricity needs to be topped up in the next few days, monthly bills are due etc. I have €7 in the bank. My...
  6. A

    Putting money from a family member into my business

    What is the best/most tax efficient way to put money into my business from a family member? If I took an interest-free loan at 50k and 50k at 6% simple interest loan from the same family member. The loan at 6% would be within the family member's capital gains allowance. My main question is...
  7. M

    My Debt affect my spouse?

    Hi hopefully someone can give me a bit of advice, I got a personal business loan (unsecured) 2 years ago but the business has since gone bust and I’m not able to pay the loan at the moment, it has gone to the bank solicitor which iv provided my income and paperwork which they had asked for and...
  8. C

    Personal Loan for an 87 year old?

    Hi Instead of going down the Equity Release route, (which I believe is very costly, would it be possible for an elderly person to take out a personal loan to cover the costs of their care. The circumstances are that necessary home care is costing more than income. They own a valuable house -...
  9. D

    Offered consolidation loan, not sure whether to take it

    Hi there, I have a number of personal loans with a particular company with varying terms and interest rates, and I have been approved for a consolidation loan to merge them into one 5 year loan. This would almost halve the monthly repayments but obviously increase the total cost of credit. I'm...
  10. C

    Financing for adapted vehicle

    I have been granted the primary medical cert, meaning a new/used car will be exempt from tax and VRT, taking into consideration the cost of the adaptions. We've decided to go the new car route as it allows me to get the car specifically built to my needs with a lot of extra equipment that will...
  11. D

    Avantcard Loans recorded on my ICB report as credit cards

    Title says it all really. I discovered that a couple of loans I have with Avantcard are actually recorded as credit cards. I only discovered this when I went to apply for a CC with AIB and they told me that I already appear to have some. I rang Avantcard asking why this was the case and stated...
  12. D

    Mortgage approval clause in contract when selling house

    Hi, I am selling our house and the purchasers have sent in the contracts and deposit. There is a clause (below) that states the purchaser could rescind the contract without penalty if they don't have mortgage approval. I was given the impression they already have this and it makes me concerned...
  13. A

    Loan / credit history / bank advice?

    So recently Ulster bank have changed my D.O.B without my consent or knowledge. This will eventually be resolved through their complaints dept. But as a knock on effect of this I'm locked out of my anytime banking and so I'm unable to set up standing orders so I can start saving. In about 6...
  14. M

    Buying new house but mortgage doesn't cover extension works

    Hi, Thanks for reading this everyone, it's my first post and any advice would be gratefully received. My growing family of partner + 3 kids (+1 more on the way) needs a bigger house to live in. The house we are currently in is unencumbered and I would expect it to fetch €160K+ on the market...
  15. M

    Rescheduling credit union loan - they want me to go into arrears first

    Hi I have an up to date loan with my credit union. Never missed repayments. Giving my current circumstances i want to reduce repayments from 600e to 300e a month. The credit union have agreed but want me to enter a temporary arrangement for 12 wks, where arrears will increase, they will then...
  16. G

    Securities-Based Borrowing to invest in Real Estate

    Hi people, I've been thinking about the following for a while: Let's say you have 200K in financial assets, like ETFs, bonds and individual stocks. Would a bank give you a loan of, say, 150K using those assets as collateral so you can then buy a property to let? The idea is to acquire an...
  17. B

    House improvement mortgage

    Hi, I require a mortgage or loan of €42000 over 5 years, for the purpose of improving my house, badly needed presently, before I seek same I would like to know would I be eligible and if there is any advice offered, finance as follows: Assets: House €475000. Business premises: €140000. Credit...
  18. C

    Bank loan - non return of calls or records

    Extended family member has term loan with bank. They closed her current and credit card accounts last year as she has number of previous and current complaints with FSO- indeed, all previous complaints were settled in her favour. Her loan account has balance outstanding in range 4000 euro. The...
  19. L

    Refinance a property to complete another property

    Hi, I currently have a building that is rented out for 1500 Eur per month and performing very well with a value of approximately 140K. There is no outstanding mortgage but I would like to remortgage to enable the completion of a build that was never completed by previous owners. The estimated...
  20. K

    Will I get approved??

    Hi, I'm a student going into my last year. I have applied again to extend my student loan to cover accommodation costs etc. The difference this time is that I have an overdraft and am overdrawn by €500. The loan repayments come out of my mothers account and my grandmother is my guarantor...
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