mortgage

  1. R

    AIB - Overpaying on Fixed Rate

    Hi, I currently have a mortgage with AIB, 5 year green fixed 2.35%. My query relates to the possibility of overpaying on this mortgage. I read on here recently that the overpayment charge can often be zero for this mortgage. I enquired and received the confirmation letter saying that the...
  2. C

    Conveyancing question - Getting a eDischarge from IBRC on an old INBS mortgage

    Hi there, In December we went sale agreed on a house, 1st time buyers. Took almost 3 years as I'm self employed so lots of hoops and prep to get to this point, yada yada.... As of last week our solicitor has not gotten any contracts from the vendors solicitor. I took a look at the Folio for...
  3. J

    House Equity split formula

    We have agreed to separate and for my wife to stay in the family home with kids for further 4 years at which point she will sell the property. Estimated current value of house in €370k with €234k owed on mortgage leaving equity of €136k. if we sold now and split equity we would each have €68k...
  4. SonicRR

    Selling stocks to clear mortgage

    I'm 46 with a 200k mortgage and 15 years left to pay it off. I have a healthy investment portfolio which has earned 200k+ over the past few years. I have a pension, a good emergency fund, and a couple of other properties with no mortgages. I'm wondering if I should sell enough stock to clear...
  5. H

    Need to diversify and plan for the future

    Age: 42 (single) Annual gross income from employment or profession: Salary: €190K Annual Bonus: €71K Monthly take-home pay: ~€6,200 (salary) Type of employment: Private Sector In general are you: (a) spending more than you earn, or (b) saving? Saving about 1.5-2K per month Rough estimate...
  6. P

    Which lenders discriminate against existing customers?

    Hi, It seems that, over the last few years, more lenders are allowing their existing customers to switch to any rate that is offered to their new customers. (I know that you might have to pay a break fee for switching.) But are there any lenders that still don't allow this? Also, if I think I...
  7. P

    Second Mortgage

    Hi Guys, A few years ago I bought a small cottage that was on an acre of land and I still have more than half the mortgage to pay back. Recently I got planning permission to build a new house ( 1900 sqft house) on the same land as the cottage, converting the cottage into a garage/gym. I'm...
  8. D

    20 years fixed rate mortgages?

    Hi, are there any banks that offer 20 years fixed-rate mortgages to first buyers in Ireland?
  9. D

    Costs owning a flat/house in Ireland

    Hi, I'm new here, I'm so excited I found this website! (Apologies if I am posting in the wrong forum.) I need help for my older aunt who wants to move to Ireland (not too far from Dublin) and eventually buy a place to live in herself. While I live in Ireland myself, I know nothing about buying...
  10. J

    New house question - large or small mortgage?

    Hi all, Looking for some advice on an opportunity in from of us. A new family home is available for us to purchase. Let's say price is €750k. We have an existing family home worth approx €370k. We have approx €250k in the bank and could get a mortgage for €550k as a joint mortgage on our PAYE...
  11. C

    Mortgage for a single parent

    Hi all, just wondering how much being a single parent to 1 child would impact the amount of mortgage I could get? I have tried to find out on the net but it’s a bit vague apart from saying that you will get a reduced amount if you have a dependant. Does anyone have any experience of this or know...
  12. R

    Drawing down Mortgage and I need a Car in the next 12 months

    We are due to draw down a Mortgage in Feb 2021 and have availed of the enhanced Gov. HTB Scheme. We are 1st-time buyers and have paid the minimum 10% deposit. We need a new car in the next 12 months and my query is in relation to whether I should take the full offer from the bank and use the...
  13. S

    Renovation Mortgage

    Hi, I have had a look around this forum (and have been lurking for a while now), but I had some questions around topping up a mortgage for renovations to which I have found no clear answers (probably because we are trying to do this extremely early in the process). We purchased a house as FTB...
  14. J

    Revoked credit card coming back to haunt me

    18 months ago I closed my AIB credit card. I made a lump payment of €1500 and closed it. It wasn't in arrears. Within a few days my credit card account disappeared from the AIB app. I had been told by AIB that stamp duty might be applied on the card after it's closed but I assumed with the...
  15. S

    Is there a good or bad time to pay a 10k lumpsum off your mortgage?

    Is there a good or bad time to pay a lumpsum off your mortgage (putting other financial commitments aside as currently I have emergency funds, other savings/investments covered etc.). Currently on year 3 of a five year fixed rate at 3.35% (25yr term altogether) - likely to switch after year 5...
  16. U

    Should I always increase my credit card limit?

    Have my AIB platinum credit card for the last while. Every 6 months I always increase the credit limit, it’s at 10k at the moment. In my mind, instant access to a larger loan whenever needed is a good thing. Should I continue increasing it? How will this affect my credit rating? I am a...
  17. L

    Re-mortgage to buy a second home for son

    Hi all. I can't seem to find much information on line about this, but we are a couple in our early 40's. Mortgage paid off. Would like to buy another house to give to our son. My question is can we re-mortgage our primary home to fund this to avail of the lower interest rates.
  18. V

    What happens to a tenant of over 10 years if the landlord loses home to the bank?

    Hi, Ive been scouring the internet for the past few hours trying to find an answer to my issue but I can’t seem to find anything close to my particular case. I’d appreciate any help from here. Im a tenant renting from a private landlord and have lived in the home for over 10 years now. I have...
  19. RoseFa

    Mortgage to buy site with FPP - don't want to build for another year

    We've found a site with FPP that's perfect for us. For now we'd just like to buy the site and then go back to saving for a year to two years as we are currently in a good situation living rent free. What I'm wondering is this: The site is €160k and we'd need to borrow about €110k - is a bank...
  20. C

    Can you revalue your house if not compliant with planning?

    Hi, My better half and I are looking at purchasing her parent’s house and then completing some retrofit renovations and a small extension (10 sq. m.) paid through savings. Technically we do need planning for the extension as there has been an extension before on the house. However, we are...
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