Tag Archives: advisors.ie

The Guardian – Negative Equity Insurance is not the answer

Our sister company Irish Mortgage Brokers was mentioned in the Guardian online about ‘negative equity insurance’. Our comment on the piece is below:
“The vendor has to fund this out of their own cashflow,” says Karl Deeter of Irish Mortgage Brokers. So it will only suit those that have a very small mortgage – mainly older people and those that bought long before the peak – because those are the only ones who will make a profit on their property sale. Deeter is sceptical the insurance is the way to kick-start the moribund Irish market. “It’s part of the general medical box but it’s not the cure,” he says. Deeter is of the view that the government needs to bring in a personal insolvency laws urgently, like Chapter 13 in the US AKA, “wage earners bankruptcy”.

Sunday Independent: How much is your tracker worth to the bank?

“Getting rid of debt is a good idea, and the new Permanent TSB bonus scheme puts a sweetener on it,” said Karl Deeter, head of customer advice with the financial advisers, advisors.ie. “If you don’t have a rainy-day fund, this is not for you. If you have debt elsewhere that is at a higher interest rate, it is a bad idea.”

Daily Star and Irish Daily Mail stories

Karl Deeter of Advisors.ie was mentioned in two papers, his commentary was via his role as Operations Manager with Irish Mortgage Brokers

News of the World: Money expert on Debt

IRELAND is in payback mode at the moment. As a country we’re experiencing “deleveraging”, which means that many people are using most of their money to pay back excessive borrowing. However, that practice only puts cash into the banking system and not the real economy.

News of the World: Money Saving Expert – Golden Opportunity

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.

News of the World: Life Assurance

We did a piece about life assurance for the Irish News of the World on the 30th of January.

The main thrust of the piece was to impress upon readers that life assurance is either not important, or very important indeed depending on your circumstances and family life. The other question is about how much you need – for that we advise using a professional who can work this out for you, we also disclosed how to get the ‘under the table’ prices by using a broker.

TV3 Morning Show with Sybil and Martin – is the property market at the bottom?

We were really pleased to feature on TV3’s ‘Morning Show’ with Sybil and Martin (Brian was standing in for Martin) in a conversation about property prices and whether or not we have hit the bottom. Aoife Walsh from the Respond! Housing Agency was also there giving some great information and advice for borrowers in trouble.

Advisors.ie team up with News of the World

We are delighted to announce that we will be teaming up with the Irish News of the World in their money advice section ‘Irelands Money Saving Expert’, this is a welcome opportunity to share our financial know how with upwards of 130,000 readers across the nation. We hope you enjoy our pieces and find the information useful, if you have a personal finance query then be sure to email it to us and we can use it in the column (anonymity assured).

Banks planning to scrap fixed rates? (RTE coverage)

RTE Business news covered a story that appeared in the Independent, the story was based upon our sister company’s report (Irish Mortgage Brokers) in which it was forecast that fixed rates may cease to exist this year because of funding pressures in the banks.

Irish Independent: Tracker Mortgages to escape rate hikes until 2012

Tracker mortgages may not see any increase in price until 2012 according to Charlie Weston of the Irish Independent