Tuesday, February 22, 2011
rish Mortgage Brokers director Karl Deeter said the bank was effectively now out of the fixed-rate market, as new customers could only get a fixed rate if they were borrowing less than half of the value of the home. He added that only a small number of existing borrowers would qualify for a fixed rate, but with the rates so high nobody would take them up.
Monday, February 21, 2011
We were pleased to get a mention in the Sunday Times article by Kathy Foley called ‘buy to fret’. You can find her on Twitter too! We don’t often find such a candid quote as the last part of the mention we got! “The banks are all saying investors have to be first to give up the ghost,” said Karl Deeter, of Irish Mortgage Brokers. “They will lean heavily on them and get a judgment because they didn’t do what the bigger people do and isolate the loan, buying the property through a limited company. “Nobody feels any sympathy for them.
Also filed in Accountancy, Banking, Financial Advice, Income Tax, Investment, property tax, Property tax, Section 23, Taxation
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Tagged accountancy dublin, advisors.ie accountants, buy to let problems, can't pay mortgage, city centre accountants, mortgage problems, sunday times buy to fret
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Monday, February 21, 2011
There are five precious metals (we’ll exclude the precious radioactive ones): Gold, Silver, Platinum, Palladium and Rhodium, the last is the most expensive, when Barack Obama wanted to give Michelle a gift for having won the Presidency, he gave her a Rhodium ring. The others are all better known and you might even own some in the form of jewellery or in coins.
Also filed in Accountancy, News of the World, Precious Metals
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Tagged accountants, advisors.ie, buy gold coins dublin, gold, Gold and Silver, irish bullion dealer, palladium, platinum, rhodium, silver
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Monday, February 21, 2011
According to Karl Deeter, of Irish Mortgage Brokers, trying to second-guess the market in the long term is “an impossible art” and the time to fix, for many, has already passed. He points out that this time last year Permanent TSB was offering a 10-year fixed rate from 4.6 per cent, compared with 9.1 per cent today. “The horse has already bolted,” Deeter says. “The smart money always goes first and the stupid money goes at the end.” He recalls clients with seven-figure mortgages who left low-cost trackers early last year to sign up for 10-year fixed-rate mortgages to give themselves a degree of security until 2020, but he would not advise people to do that now.
Also filed in Accountancy, Accountant, Financial Advice, Fixed Rates, Mortgages, Savings
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Tagged advisors.ie in the irish times, best fixed rates, conor pope, fix your mortgage, fixed rate mortgage ireland, irish fix mortgage, to fix or not to fix
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Sunday, February 20, 2011
We were delighted to get mentioned in the Sunday Independent, a paper that has over 1,000,000 readers. The piece was by Daniel McConnell and was titled ‘Personal debt crisis will be country’s next body blow’.
Also filed in Accountancy, Banking, Economics, Financial Advice, Mortgages
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Tagged accountancy, banking, ebs, fixed rates, mortgages, personal accountants, ptsb, sunday independent, taxation
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Thursday, February 17, 2011
FIRST-TIME house buyers risk losing up to €26,100 in mortgage interest tax relief if they put off purchasing until next year. Karl Deeter, of Irish Mortgage Brokers, said: “Couples would have to earn an extra €50,000 before tax to make up for the interest relief they’d lose by not buying in 2011. They’re better off buying now, even though houses prices are likely to be lower in 2012.”
Thursday, February 17, 2011
e were pleased to get a mention in the Sunday Times article by Niall Brady on the topic of rising costs: Irish Mortgage Brokers: Deeter has opted for Permanent TSB’s 10-year fix of 4.5% for the new home he hopes to move into in six weeks’ time. This is the best long-term fix available, although it will cost considerably more than the tracker loan on Deeter’s current home.
Wednesday, February 16, 2011
Irish Examiner, Wednesday 16th February 2011: Niamh Hennessy reports – TRACKER mortgage holders could be hit with up to five interest rate hikes by the end of next year — adding €150 a month to a €200,000 mortgage.
Operations manager with the Irish Mortgage Brokers, Karl Deeter said the increase in rates will bring pain to a lot of people who have been exempt from the variable rate hikes.
Monday, February 14, 2011
We were covering mortgages in this weeks Irish edition of News of the World, looking at the affects of changes in taxation and other aspects that could make the cost of a house rise even though the price may fall.
Also filed in Accountancy, Economics, Financial Advice, Mortgages, tax relief at source, Taxation
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Tagged accountants, financial costs, money saving, mortgage costs, mortgage price, news of the world, price v cost, price versus cost, property, tax relief at source, trs
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Sunday, February 13, 2011
We were delighted to take part in The Eleventh Hour on RTE 2, a new current affairs programme that also has some refreshing comedy thrown in!
Also filed in Accountancy, Economics
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Tagged daire o'brien, economics, finance, general election, ivan yates, karl deeter, keelin shanley, liam toalin, rte2, the eleventh hour
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