Wednesday, April 13, 2011
The enormity of the black hole facing banks and taxpayers is summed up by Economist David McWilliams today who says that “the banks will take €500 million a week out of the economy for the next two years”. It is a gloomy summary of our predicament – and a crisis that has squeezed homeowners, taxpayers and businesses. One sector has been given a glimmer of hope by AIB. The bank yesterday suggested that it might write off the debt of struggling borrowers. Debt forgiveness for those with mortgages they can’t repay. Joining Pat was Karl Deeter, Operations Manager with Irish Mortgage Brokers and Jim Power Chief Economist with Friends First.
Also filed in Accountancy, Accountant, Advisors.ie In the Press, Financial Advice
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Tagged debt forgiveness, debt management, debt reduction, debt writedown, jim power, karl deeter, mortgage debt forgiveness, pat kenny
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Karl Deeter of Advisors.ie was mentioned in two papers, his commentary was via his role as Operations Manager with Irish Mortgage Brokers
Also filed in Accountancy, Advisors.ie In the Press, Banking, Economics, Financial Advice, tax relief at source, Taxation
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Tagged accountancy dublin 2, accountants dublin city centre, advisors.ie, dublin accountants, financial advisers, financial advisors, irish mortgage brokers, tax relief, trs
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Frank Daly, has said that the Agency is exploring ways by which it can provide finance for commercial and residential property deals as part of its efforts to restart the Irish property market. Mr. Daly was speaking at the launch of the Society of Chartered Surveyors Ireland – the result of the merger of the Society of Chartered Surveyors and the Irish Auctioneers and Valuers Institute. The new society represents 4,000 professionals working in the construction, land and property professions.
Also filed in Accountancy, Banking, Economics, Financial Advice
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Tagged cheap houses, cheap property, discount property, former revenue, frank daly, irish market, low price mortgage, nama, national asset management agency, prices for property, property sales
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TV3 piece by Brian O’Donovan on the ECB rate increase: featuring Irish Mortgage Brokers and commentary was regarding the effect that the rate increase would have on households with mortgages
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice
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Tagged accountants, accountnacy dublin, brian o'donovan, debt, dublin 2 accountants, financial advice, karl deeter, liquidations, mortgages, tv3
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We had an opinion piece in the Sunday Business post this week on mortgages, the full version is in this posting, or you can get it on the Sunday Business Post website in the ‘news’ section.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Property tax, tax relief at source, Taxation
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Tagged borrowing, finance, financial advice, investment property, irish property market, mortgage market, mortgages, nama, sbpost, sunday business post, tax relief at source, trs
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Conor Pope of the Irish Times speaks to Karl Deeter on the topic of ECB interest rate increases and how it will affect home owners. The podcast was part of the regular weekly business series available on the Irish Times website
“It is probably going to be the first of several moves but how close those moves come together and how aggressive those moves are is something that remains to be seen,” said financial analyst and mortgage adviser Karl Deeter.
Conor Pope wrote in the Irish Times: “It is probably going to be the first of several moves but how close those moves come together and how aggressive those moves are is something that remains to be seen,” says financial analyst and mortgage adviser Karl Deeter. “Unfortunately there is only a lower limit on interest, there is no upward limit and in theory rates can go as high as they want to. If you look at our total number of mortgages and the number that are in distress versus where we probably should be, it is clear that thus far the low rates have has actually served us well and saved the country from having a much larger problem,” Deeter says.
Also filed in Accountancy, Advisors.ie In the Press, Banking, Economics
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Tagged brokers, conor pope, deposit rates, ecb rate hike, ecb rates, finance, irish times, karl deeter, mortgage, mortgages, tracker mortgages
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We were pleased to appear once more on The Morning Show with Sybil & Martin for their monthly property slot. Angela Keegan from MyHome.ie headed up the piece and we commented on general finance in the property market.
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice
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Tagged advisors dublin, allsop auction, angela keegan, david cantwell, financial advisors, irish property, karl deeter, phoenix park racecourse, property market, sybil and martin, the morning show
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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.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, 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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