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  1. R

    Key Post Why you should never use a limited company to invest in residential property

    There could be a tax angle...you could sell company as going concern or liquidate it to avail of either Entrepreneur Relief or Retirement relief but as you say they should probably get tax advice
  2. R

    Spanish mortgage advice?

    If they cant afford the mortgage payment it seems like a good case for a PIA. Dealing with a different unit in Pepper in Personal Insolvency its rather easy case. Dealing with normal restructuring unit in Pepper tends to be more difficult.
  3. R

    Conor Pope just does not like Revolut

    I got scammed when I was 20 in a confidence trick. Best lesson I learned. Out of pocket €60 but it was a great lesson. Brilliantly orchestrated feeding off competitive emotions. I actually sat back after it and marvelled at its execution. I have not being stung since. That was not in the...
  4. R

    Central Bank consultation on updating the Consumer Protection Code

    A bit like WizardDr sets out choosing not know or deliberately not asking or looking the other way. Banks needed the Money and couldn't borrow
  5. R

    Central Bank consultation on updating the Consumer Protection Code

    Fundamentally they are already record saying they only care about Financial Stability and everything else is an after thought.....if anyone does not believe the CBI did not know about the Tracker issues they need their head read. It was deliberate action on behalf of banks to get more money in...
  6. R

    Pepper forced by court to offer 0.5% mortgage fixed for 17 years

    They deem it preferable this can be done versus the alternative that the state picks up social housing bill Its just a Policy thing. A PIP cant do this easily against original lender, court would find it unfair
  7. R

    Pepper forced by court to offer 0.5% mortgage fixed for 17 years

    But the state made a decision to set tge scheme up.Actually mandated as part of IMF bailout.
  8. R

    Pepper forced by court to offer 0.5% mortgage fixed for 17 years

    PIPs are not well paid. Start of 2019 was about 114 about 62 now. Blame the Banks for selling the loans rather than trying to work their loan books.
  9. R

    Pepper forced by court to offer 0.5% mortgage fixed for 17 years

    Just because it can be done does not mean it should be done. Everything is on the individuals circumstances and they should pay the level of debt they can afford
  10. R

    Pepper forced by court to offer 0.5% mortgage fixed for 17 years

    Brendan as a PIP Its not irrelevant,its the exact reason why it can be done. The Court views Pepper as an investor. Investments can go up and down. Theres no cost of funds here as its an Investment Fund. A lower rate simply reduces the profit And its not me saying that Judge Marie Baker now in...
  11. R

    Mortgage debt after 7 years

    Thats down to each individual lenders appetite. Nobody can give you a straight answer
  12. R

    Thousands of Ulster Bank customers to get redress after Ombudsman's decision

    You can go direct from High Court to Supreme Court in a leapfrog appeal. To do so is rare. At the end of COA case they can then try to send to SC again
  13. R

    Bank of Ireland share price drop today

    They increased provision for losses in their loan book but the underlying profit is huge for a bank that size and just goes to show how much the consumer is being ripped off
  14. R

    Pepper made a mistake with my Credit Report

    A complaint to ombudsman about misreporting Credit issues can get you 10k. Given you have been denied a mortgage your position is stronger
  15. R

    Mortgage debt after 7 years

    I am a PIP, discount all the above speak to w Solicitor about whether debt is statute barred. If not then look at DSA and/or Bankruptcy
  16. R

    Electric Car Value Trade In. Please Help

    Why if a good is misdescribed in law you have rights. Why would a car be any different. It would be expensive to litigate so easier to go embarassment route Conor Pope etc..
  17. R

    Electric Car Value Trade In. Please Help

    You should speak to a Solicitor with a view to suing the dealership and manufacturer based on Consumer Protection Act also lodge a complaint with CCPC The valuation is regretabble but thats teh way EV market is going but the issue would be the misselling on range
  18. R

    Does bankruptcy wipe out debts to revenue

    Yes only ones you cant really capture are maintenance, loans obtained through fraud and social welfare debt
  19. R

    Can't switch from a vulture fund despite meeting BPFI criteria

    You are wasting your time with mainstream banks and other financial institutions. You might have a chance after 4/5 years. If Credit Union says No then you have to wait unfortunately
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