Mortgages with a total value of €1.3bn were now in arrears of three months or more. This represents 16pc of its €7.8bn buy-to-let mortgage book — up from 10pc in December. Low rents and difficulties finding tenants mean many buy-to-let investors lost money on their properties, director of Irish Mortgage Brokers Karl Deeter said.
Also filed in Accountancy, Advisors.ie In the Press, Banking, Economics, Mortgages, property tax, Property tax, Savings, Section 23
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Tagged bank owned property, bank repo, distressed seller, forced sale, liquidation sales, repossession, vendors in liquidation
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Many Irish investors are guilty of failing to understand fully the risks involved in investment choices, according to Karl Deeter, head of client advice at Advisors.ie. ‘‘Sometimes the concept of a timeline is lost,” Deeter said. ‘‘People might invest in a medium-term product and are upset when it is down after year one, so they cash out at a loss.” According to Deeter, investors need to strike a balance between giving investments the recommended amount of time to perform and getting out at the right time. ‘‘People tend to hold on to bad investments too long or fail to book their gains when things go well,” he said.
Director of client advice firm, advisors.ie, Karl Deeter, said that ‘personal retirement savings accounts’ or PRSAs were created in an attempt to get more people to save for their retirement. He said they were billed as a universal solution with fixed fees and low costs, along with flexibility.
Also filed in ACCA, Accountancy, Accountant, Advisors.ie In the Press, Pensions, Savings, Taxation
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Tagged accountants, benefit in kind on PRSA, bik, how to save, pension advice, pension planning, personal retirement savings account, prsa, savings advice, where to save
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Ask anybody ‘what would you do with some extra money?’ and you’ll get a lot of different answers, but this week it is your turn to decide. Because over the last three weeks we have shown you how to take a snapshot of your financial situation then how to use that as a blueprint in finding ways to save money. Without too much effort an average savings of €2,000 is possible simply by re-jigging some of your spending patterns, so where to from there? In finance there is a hierarchy that advisors tend to adhere to and in rank and order it is as follows: Protection, Investment, Savings, Retirement planning and Mortgages.
Also filed in Accountancy, Accountant, Advisors.ie In the Press, Financial Advice, Gold and Silver, life assurance, Mortgages, News of the World, Pensions, Precious Metals, Savings
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Tagged building a financial portfolio, financial advice, personal finance, portfolio
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In last weeks instalment we started by asking you to set up two things, firstly was to fill in a ‘standard financial statement’, this is now the foundation of your budget, the second was to start a ‘spending diary’. These two items will form the twin pillars of changing your wealth.
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice, News of the World, Precious Metals, Savings
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Tagged best savings choices in ireland, financial planning, how to make a financial plan, how to start savings, investing, standard financial statement
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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, Advisors.ie In the Press, Banking, Financial Advice, Income Tax, 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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Thursday, December 9, 2010
Jill Kerby, the widely known Personal Finance columnist with the Sunday Times mentioned our company in her piece last week about fixing a mortgage or not. ‘I asked Karl Deeter of Irish Mortgage Brokers for his view. He believes that fixing for three years at the rate of 3.89% you’ve been offered by AIB is a good deal. At just 0.2 points higher than the two-year rate, he reckons it is a premium worth paying.’
Also filed in Accountancy, Financial Advice, Insurance, Mortgages
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Tagged financial advice, financial planning, fixed rates, jill kerby, karl deeter, mortgage advice, mortgages, variable rates
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