David discusses various issues from 2012.
Issue: Recent media coverage on possible increase in house repossessions
Comment: Yesterday saw a number of media reports suggesting that 2013 could see a considerable increase in the repossession of family homes. This is due to the fact that the government is rumored to be looking at legislation, which would close a loop hole that hinders banks in progressing with repossession orders. This came about due to a High Court judgment Read more..
This morning David comments on yesterday’s announcement regarding the Personal Insolvency Bill. He also answers questions in relation to Mortgages with Fixed, Variable & Tracker Rates, how to value value your home for Home Insurance and the current Investment Options available.
DIRT Tax, PRSI increases, Pensions, High Earners and Property Tax – some of the BUDGET 2012 topics David McCarthy discusses on Galway Talks.
Question: I have an interest only mortgage on an investment property and the bank now wants me to revert to capital and interest. I do not have the ability to make these payments but can continue with interest only arrangements. What would you advise me to do?
Answer: The problem you are encountering is quite a common one. Banks are pressurizing Read more..