charliehorse
Registered User
- Messages
- 35
Hi All
Hope I am asking this at the right place..
I had to remortgage due to separation in 2004. Its a variable mortgage with PTSB on which I pay 6.85% as its on a commercial building. I live in an apartment upstairs. There is c.€60k left on the mortgage. I took a directors loan from my company of €10k so that has been used up. My business has over €50k sitting on deposit earning close to nothing.
Does anyone know if it would be legal for my company to lend this money to me on a business deal at say 3%?
I tried all the banks for a better deal but they will not touch "mixed use" so I am basically stuck being gouged by PTSB. My business has been going 27 years and is sound.
Hope I am asking this at the right place..
I had to remortgage due to separation in 2004. Its a variable mortgage with PTSB on which I pay 6.85% as its on a commercial building. I live in an apartment upstairs. There is c.€60k left on the mortgage. I took a directors loan from my company of €10k so that has been used up. My business has over €50k sitting on deposit earning close to nothing.
Does anyone know if it would be legal for my company to lend this money to me on a business deal at say 3%?
I tried all the banks for a better deal but they will not touch "mixed use" so I am basically stuck being gouged by PTSB. My business has been going 27 years and is sound.