Tuesday, January 31, 2012
We are delighted at the announcement of the new Personal Insolvency Bill and while there are issues around it (as there would be with any new legislation); on the main we are satisfied that it is fit for purpose and is a big step in the right direction.
Also filed in ACCA, Accountancy, Accountant, Advisors.ie In the Press, Banking, Credit Cards, Debt, Financial Advice, Personal Insolvency
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Tagged dra, drc, fiduciary responsibility, personal insolvency practitioner, personal insolvency trustee, trustee training
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Tuesday, January 10, 2012
We were pleased to feature on this story by Paul Colgan of RTE about banking and rates charged by different lenders. He also considered whether or not future ECB rate cuts would be passed on to borrowers.
Also filed in Accountancy, Advisors.ie In the Press, Banking, Debt, Financial Advice, Wealth
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Tagged aib, bank rates, financial news, karl deeter, michael dowling, mortgage rates, mortgages, paul colgan, ptsb, rte news, variable rates
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Wednesday, January 4, 2012
In this clip we gave some opinion on the property and credit market, and how it is affecting prices.
Also filed in ACCA, Accountancy, Accountant, Advisors.ie In the Press, Economics, Financial Advice, Property, Wealth
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Tagged cso index, karl deeter, property index, property prices, property report
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Tuesday, November 15, 2011
We were interviewed by RTE News at One with John Finnerty. The topic was a potential bonus scheme that PTsb are likely to announce for tracker mortgage customers who pay down their loan early. They are doing this because they want to deleverage and if they include repricing in the option then it may give them the ability to make money on these loss making loans.
Also filed in Accountancy, Advisors.ie In the Press, Banking, Debt, Financial Advice, Property, Savings
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Tagged bonus, financial advice, john finnerty, loans, mortgage news, mortgages, ptsb, rates, rte news at 1, tracker mortgage
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Thursday, October 27, 2011
We were mentioned recently in the Irish Times by Frances O’Rourke in a piece about first time buyers. Mortgage broker Karl Deeter is just as certain of the trend towards houses: “The overwhelming majority of our clients, over 90 per cent, are not looking to buy apartments.” He doesn’t think people are – or should – make a decision to buy on the basis that their mortgage repayments would be similar to their rents. Many people will stretch a little to pay the mortgage on a house they plan to live in forever “or at least the foreseeable future”. (He also reminds would-be buyers that mortgages taken out next year will get a reduced rate of mortgage interest tax relief before it disappears after 2012.
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice, Property, tax relief at source, Taxation
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Tagged finance, frances o'rourke, irish times, karl deeter, mortgages, property, trs
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Tuesday, October 25, 2011
We were happy to comment on this piece by Martina Fitzgerald of RTE
We had a piece in today’s Examiner on the topic of Debt Forgiveness, see below: ‘Debt forgiveness’ is an undefined expression, we have no commonly held interpretation of what it is. For that reason the debate rages as to whether it can occur or not; but without definition the argument cannot advance.
On one side you have household name economists and on another you have Fine Gaels Briay Hayes (Minister of State at the Department of Finance) saying it is an impossibility along with most of the banks.
Also filed in ACCA, Accountancy, Advisors.ie In the Press, Debt, Economics, Financial Advice, Taxation
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Tagged accounting, arrears, debt forgiveness countries, debt forgiveness statitstics, irish debt, list debt forgiveness, mortgage problems
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Once a month we head over to TV3’s ‘The Morning Show’ to talk with Sybil and Martin about the property and finance markets in an easy to understand manner, this month the topic was NAMA mortgages and household charges.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Investment, Property tax, Taxation
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Tagged angela keegan, karl deeter, martin king, nama, nama mortgages, sybil mulcahy, the morning show, tv3
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Operations manager with Irish Mortgage Brokers, Karl Deeter said banks will claim they are lending but on the ground it’s an “entirely different story”. “They don’t want to know except where you are a public sector worker or the type of person who banks would always lend to anyway,” he said. “With figures showing that 80% of mortgage applications are being rejected, it puts the banks in the enviable position of being able to cherry-pick only the best applications, declining even cases that fit criteria but are marginal. “This is contrary to giving the taxpayer back a return on our national investment because they need to lend to make profit, but equally, our pillar banks are charging artificially low rates versus the rest of the market, so not only are they cherry-picking but there is an implicit subsidy being paid to those who borrow via taxpayers who fund the banks. It’s a crazy set-up,” he added.
Also filed in Accountancy, Accountant, Advisors.ie In the Press, Banking, Debt
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Tagged bank lending, banking figures 2011, brokers, credit growth, first time buyers, irish banks, loan origination, mortgage statistics, property
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Our thoughts on Debt Forgiveness have been a source of debate and while we accept that there are cons to the idea there are also sound reasons.
The Independent looked at this topic today and mentioned Karl Deeter in the piece
