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  1. W

    Overpayment on fixed rate

    It’s also worth noting that UB allows you to repay 10% of the outstanding principal per year without penalty: https://digital.ulsterbank.ie/personal/mortgages/fixed-rate-mortgages.html If it’s a fairly big mortgage, just spreading the overpayment over a few years might be a reasonable option...
  2. W

    How much could a new lender cut mortgage rates by?

    Wow. That’s amazingly low. I wonder why that is. You’d think it would be a no-brainer.
  3. W

    An Post to offer mortgages 1% below current rates

    I can’t imagine that they’d be undercutting Ulster Bank, but they may not need to. Given a choice between a 2.3% rate from UB or An Post, I think a lot of people would go for An Post; it’s a very good brand.
  4. W

    How much could a new lender cut mortgage rates by?

    Is anyone actually paying that, though? Is there evidence that many people don’t avail of the fixed rates? For that matter, presumably most people on variable have one of the loyalty discounts. I think the (real or perceived) difficulty of switching is probably more or a problem, though. I’ve...
  5. W

    Switching after changing job

    I'm currently in the process of changing job, and would plan to switch my mortgage to Ulster Bank as soon as possible after. I assume there's no point applying during probation, but after that, is there a waiting period? The mortgage would be about 3x income, 70% LTV, so no exemptions or...
  6. W

    Question on PRSA max contributions

    So, the maximum contributions for tax relief purposes on a PRSA are an age-based percentage of your earnings. One thing I'm not clear on; is "earnings" here strictly your salary, or does it also cover things like bonuses? What about BIK?
  7. W

    Bank offering paltry mortgage

    That’s a good thing for them, as far as mortgages go. Also pretty normal; most people don’t incur those charges, I don’t think? This doesn’t sound right. When I was applying, every bank I looked at said to include details about all savings. You should have records somewhere saying you saved X...
  8. W

    Switching to Ulster Bank

    Until recently, I thought that Ulster Bank only allowed overpayment of 10% of the payment on their fixed rate loans, like most of the others. I’ve now discovered they allow overpayment of 10% of the principal, which makes them a lot more interesting. So I’m thinking of switching to them for...
  9. W

    Best mortgage deal when overpaying?

    So Ulster Bank allow overpayment of 10% of the principal per year? I assumed it was like Bank of Ireland and they only allowed 10% of the normal payment. That could definitely work for me, then, must look into it. I wouldn’t be paying off 10% per year at the moment, though that will change in a...
  10. W

    Best mortgage deal when overpaying?

    I’ve currently got a 35 year 80-90% LTV variable mortgage with AIB, 33 years left, rate of 3.15%. My actual current LTV is 72% based on the valuation at time of purchase two years ago (I’ve no idea what it’s worth now), but AIB don’t allow LTV band changes. Is this the best rate I can get? I’ve...
  11. W

    New Repayment Amount due to the changes in Tax Relief

    Fast? It’s been in place for up to 14 years! As I understand it, it was never supposed to last this long in the first place, was it? I seriously think that it should be means tested, at this point. Most recipients don’t need it.
  12. W

    Mortgage rate 'war'

    AIB did one a couple of months ago, as did Ulster Bank. December’s probably not a good time of year for it; not that many people buying, or paying attention.
  13. W

    Overpaying aib mortgage options.

    I overpay with AIB every month, manually (via the internet banking). I actually don’t think the letters are entirely automatically generated; they made an error in one one month (just the letter; actual balance and repayment changed by the expected amount), and sent a follow up letter the next...
  14. W

    Successfully got AIB to move me from a 3.3% to 3.1% variable mortgage rate.

    This seems like a weird strategy by the bank, to be honest. Presumably they're making money on customers with these mortgages. I've shifted bands since getting the mortgage, due to overpayment, but I'm not good with confrontation and not up for a long fight with the bank; I'll probably just end...
  15. W

    How long before property no longer listed on price register?

    The data is publicly available in bulk, and permission is given to reproduce it. It'll be there forever. I'm sure people are aware that things were cheaper after the last bubble popped; shouldn't have any effect on current sales.
  16. W

    No spouse or dependants

    I'm single and have no kids; my parents are alive. I don't have a will. If I were to die, what happens to my assets? I assume they'd just be split evenly between both parents? If I'm happy enough with this arrangement for now, is there any reason to write a will? Not that I'm expecting to die...
  17. W

    Is AIB now allowing people to move LTV bands?

    This is interesting; I'd be in a position to move AIB bands if they allowed it. Wonder should I get in touch and ask about it; who in the bank would you actually ask about this?
  18. W

    tax liability for minor

    Out of curiosity, I wonder what this does for the kids' first time buyer status... It'd seem unfair to lose it because the parents foisted a share in a property upon them.
  19. W

    Loan application easy, but draw down is complete nightmare.

    The young couple starting out probably has less paperwork to do than you, both because you have other mortgages, and because banks are probably more cautious with BTL. They'd be wise to be; during the crisis the default rate for BTLs was over twice that of normal mortgages, and the banks are...
  20. W

    BofI mortgage: 3% fixed for 3 years. What to do?

    There's always a danger of Property Crash 2, Electric Boogaloo. I'd hate to be reliant on switching in 3 years.
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