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  1. M

    House Building Costs 2017

    Hi All What would the general consensus be on self build costs for 2017 ? Aiming to move on building a house this year in the west of Ireland. What ballpark costs per sq metre should be expected for say a 200 sq m house that is straightforward in structure, nothing fancy. Thanks
  2. M

    Government to Introduce Rent Caps in Dublin & Cork

    Fianna Fail want this changed to 2% !!
  3. M

    Not all borrowers that bought at the height of the bubble are still in negative equity

    Hi Sarenco, yes you're absolutely right, negative equity has phased out for a lot of people who bought at the top of the boom, especially if they got a tracker mortgage. I drew down a 100% mortgage for my house in December 2006 for 250k. I'm currently about 30k in negative equity (165k value...
  4. M

    Are second time buyers being put at a big disadvantage?

    I would double check on the cashback offer for NE trade ups. I asked BOI about this previously and was told that cashback did apply to NE movers mortages.
  5. M

    Mortgage Interest Tax Relief

    Thanks Sarenco
  6. M

    Mortgage Interest Tax Relief

    Does anyone know if mortgage interest relief is transferrable on a negative equity movers mortgage ? Has anyone gone through this scenario recently and is it considered a brand new mortgage with loss of MIR ? Thanks.
  7. M

    To get Help to Buy, must borrow 80% of purchase price

    Hi, but the scheme is for borrowers taking out at least 80% ? So, single borrowers likely to be in that category ?
  8. M

    Employer Contributions to DC Schemes - typical levels?

    Hi Can anyone help with a related question to this. Do the maximum % earnings limit for tax relief include the company contribution in a DC scheme ? So, my company pay a 7% standard contribution into a DC and pay another matching 3% contribution to my own 3% ? So, the total contribution is now...
  9. M

    Key Post Summary of negative equity and tracker mover options

    Hi Brendan, Do you think BOI will consider extending the term on their mover product ? I note from your table they are the lowest of the 5 lenders for the term on the new rate. I am in negative equity and on a tracker with them and am interested in moving but the 5 year term is still making me...
  10. M

    BOI Tracker Mortgage Mover

    Hello Does anyone think or know if BOI might look again at the 5 year restriction on the Tracker mover product. I believe AIB, EBS and PTSB allow these to run out over the remaining term of the mortgage ? In the current environment where there is a lot of focus on mortgage rates and housing...
  11. M

    Investment Choice - DC Pension

    Hi Just looking for some feedback on the best allocation for me on my company pension plan. I'm 35 and the company will contribute 13% if I contribute 5%. Reading other threads on the forum, its mostly suggested to lean towards a high equity allocation and aim for low charges at my age. With...
  12. M

    Sell vs Rent Decisions

    Hi Sarenco, thanks for your reply back last November. Indeed, we have put a delay on this and now plan to build next year 2017. I've met with BOI who have given approval in principle to a negative equity mover mortgage and also EBS who have given approval in principle to a new mortgage to build...
  13. M

    Sell vs Rent Decisions

    Hi Have any posters recently gone through the process of leaving their existing home to a new property where they were in negative equity and had to consider whether to sell the existing property (trade up negative equity mortgage) or rent it out instead (and then obtained a brand new...
  14. M

    Sell or Rent existing House to move to New Build

    Hi All, hoping for a bit of feedback on the previous post. One thing I never included was rent. Based on nearby houses rented recently, we could get up to 750 pm rent. Hopefully someone might be able to offer some advice on the sell v rent question !
  15. M

    Sell or Rent existing House to move to New Build

    Hi All, Hopefully, a few might be able to give opinions on my situation with regards a negative equity mortgage and trying to move to a new house and what would be the best option to do with the existing property. Been thinking about this for a while whether selling or renting is feasible but...
  16. M

    Tax Liability on Disposal of a Gifted Site

    Hi Can anyone offer advice on tax liability that arises when selling a site that was a gift ? The details are that my parents purchased a half acre site in 2005 for €80k and gifted the site over to me a few months later. I had difficulty getting planning approval at the time and decided to...
  17. M

    Negative Equity but want to self-build

    Thanks Brendan. Sounds like maybe we should look at postponing this for a couple of years and aggressively pay down our mortgage to narrow the negative equity gap. I wouldn't want to lose control of or have all our current savings taken away.
  18. M

    Negative Equity but want to self-build

    Hi, I'm looking for some advice on my current situation and potential courses of action. In summary, myself and wife bought a house in 2006 for €240k which is now approx worth €140k were it to go up for sale. The o/s mortgage balance is approx €205k giving negative equity of €65k. We're on a...
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