“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, Economics, Mortgages
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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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“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.”
Also filed in Accountancy, Advisors.ie In the Press, 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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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, Advisors.ie In the Press, 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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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, Advisors.ie In the Press, 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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Tuesday, February 8, 2011
The IPC meeting will also be addressed by bank representatives who will talk members through “debt restructuring, writedowns and deals on debt”.
Karl Deeter of the Irish Mortgage Brokers will discuss the economy and the US experience of debt restructuring, while Ross Maguire, senior counsel and co-founder of the New Beginning group, will discuss “family home protection”.
Solicitors will also be on hand to provide advice on insolvency for members who “cannot trade any longer”, Mr Savage added.
The meeting takes place tonight at the Red Cow Hotel, Dublin, at 7.30pm.
Tuesday, February 8, 2011
“Fixed rates will be pulled from the market or priced so high that they will not be a realistic option. This will leave people at the mercy of their banks,” financial adviser Karl Deeter of Irish Mortgage Brokers told the Irish Independent.
Mr Deeter also predicted other lenders would now withdraw fixed rates as banks continue to lose money on mortgages because they signed up thousands of people on trackers which they are now losing money on.
Thursday, February 3, 2011
Financial adviser Karl Deeter of Irish Mortgage Brokers said other lenders would follow Permanent TSB. He advised affected borrowers to sign up for a two-year fixed deal of 5.19pc.
Wednesday, January 26, 2011
Davos Annual Meeting 2011, panel discussion
