I asked Karl Deeter, operations manager with Irish Mortgage Brokers, what he thought of the IPC’s idea and he said: “It’s about time somebody called out the State on this bullshit. So far they’ve made every pathetic attempt possible to evade responsibility [for the financial crisis].
Figures compiled by Karl Deeter at Irish Mortgage Brokers showed that the size of the average first-time buyer mortgage peaked in the first quarter of 2008, at €251,000.
Filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages, Property tax, tax relief at source, Taxation
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Tagged accountants dublinn, advisors dublin, dublin 2 accountancy, end of trs, financial advice, tax relief at source, tax relief mortgages, trs, trs1 form
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IRELAND is in payback mode at the moment. As a country we’re experiencing “deleveraging”, which means that many people are using most of their money to pay back excessive borrowing. However, that practice only puts cash into the banking system and not the real economy.
Filed in Accountancy, Advisors.ie In the Press, Financial Advice, News of the World
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Tagged accountancy dublin, accountants, advisors.ie, apply for a mortgage online, brokers in dublin, dublin accountants, irish mortgage broker dublin, irish mortgage brokers, karl deeter, karl deeter irish mortgage brokers, money saving expert, mortgage applications online, mortgage brokers, mortgage brokers dublin, news of the world, notw
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Wednesday, March 16, 2011
Yesterday, mortgage experts said BoI was set to hike its fixed rates in days. “Bank of Ireland will follow this with similar increases,” Karl Deeter, of Irish Mortgage Brokers, said. And Mr Deeter criticised the fact that homeowners did not receive any warning about AIB’s move to push up its rates.
“While banks may be able to contain bad-loan losses on their mortgage books, “a big and ongoing problem is that a large part of their mortgage books are based on ECB tracker rates, which banks are funding at a loss,” said Karl Deeter, operations manager with Dublin-based Irish Mortgage Brokers.”
Filed in Accountancy, Advisors.ie In the Press, Banking, Economics, Financial Advice, Mortgages
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Tagged accountancy dublin, banking, bloomberg housing, bloomberg karl deeter, deeter on bloomberg, dublin accountants, financial news, irish banks, tax advisor dublin 2
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Karl Deeter, operations director with Irish Mortgage Brokers in Dublin said he was in favour of a property tax if it was implemented correctly and if less income tax was paid by taxpayers. ‘‘People would be more willing to spend more if income tax was reduced. It would prove to be productive.”
‘‘The second homes tax is an example of revenue raising, the only justification is that it is a tax on owning an asset. Literally I could own a castle or a cottage and I’d have to pay a flat tax it’s stupidity. The introduction of a property tax would have to mean scrapping the second homes tax,” he said. ‘‘Otherwise it doesn’t make sense, and the property tax should be offset against investors’ tax bills. The property tax should be allowable as an expense for investors.”
Filed in Accountancy, Advisors.ie In the Press, Financial Advice, property tax, Property tax, Taxation
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Tagged local taxes, lvt, municipal bonds, municipal taxes, property tax, site value tax, site value taxation, svt
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Karl Deeter, of Irish Mortgage Brokers, also expects banks to increase standard variable rates by more than the ECB hikes rates. He said it was likely that banks would raise rates ‘‘irrespective of what the ECB do’’, given the gap between the cost of funds that banks face and lending rates.
This week we looked at the issue of pensions and the fact that the real storm clouds on the horizon are not the NAMA, IMF/EU bailout or sovereign debt, but rather that of pension provision. The recent changes in the National Pensions Framework have gone some way towards addressing this but at some stage they will need to go farther or we will need a total re-think on pension provision, the final alternative being a total reduction in entitlements or massive contributions for qualification.
Filed in Accountancy, Advisors.ie In the Press, ARF, News of the World, Pensions, Savings, Taxation
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Tagged amrf, arf, irish pension advisors, pension advice, pension advice dublin, pensions, pensions experts, retirement ireland, retirement planning
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We were delighted to feature again on TV’s ‘The Morning Show with Sybil and Martin’ (although Brian was sitting in for Martin) on their monthly property slot.
This week we spoke about the necessity of price drops to get a property sold, it is likely the single most important factor, it is also overlooked that there is often a carry cost or opportunity cost loss if sellers don’t drop prices.
Filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages
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Tagged 100% mortgages, apply for a mortgage online, brokers in dublin, irish mortgage broker, irish mortgage brokers, irish mortgage brokers pearse street, karl deeter, mortgage broker, mortgage broker dublin, mortgage brokers, mortgage brokers dublin, mortgage brokers ireland, www.irishmortgagebrokers.ie
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Our weekly column in the Irish News of the World is here. This week we looked at the EU gender directive case that was to be heard today and news is just in that it passed. This is interesting as it means that in the future that insurance companies will not be able to price people according to their sex, they will have to use other methods. This is interesting, many people accept that young males are ‘more risky’, but while this is statistically true it isn’t down to biology alone and for that reason they are saying you can’t use biology to underwrite, rather you will have to seek to pinpoint that risk and identify it then price it.
Filed in Accountancy, Advisors.ie In the Press, Insurance, News of the World
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Tagged accountants, brokers, dublin insurances, eu ruling on insurance, gender directive, gender equality in insurance, insurance pricing based on sex, insurances dublin, mens car insurance
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