Your Questions

What’s the best place for my savings?

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Q. Where’s the best place to put savings these days? I see some banks are offering 4% but there must be a catch.

I have around €20,000 in my current account which I need to withdraw again in November when the tax man calls.

Laura, Cork Continue reading

I can’t afford my four rental properties

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Got a money problem? Email money@rte.ie and we’ll got answers from the experts

Q. We have four rental properties in addition to our family home and are facing increased mortgage payments of up to €2,100 a month because Permanent TSB want to change us from interest only tracker to capital repayments. Continue reading

Should I sell my rental property at a loss?

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Q. I currently owe approx €300,000 mortgage on 2 houses. €130,000 on my own house and €160,000 on the house that is rented. My net pay is €2,000 a month plus €1,100 rent. Mortgage repayments are €2,000 a month. I am 57, single and work full time in the public sector. I had intended to retire at 60 in 2013 when I will have 40 years service, though I cannot see that happening now.
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Can PTSB move me off my interest-only mortgage?

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Bank rules - Regulators point to long-term benefits

Q. I have a buy-to-let mortgage paying interest only with Permanent TSB. They have told me they want me to pay capital plus interest or stay on interest only but only if I pay an extra 1% interest. Are they within their rights or is this legal to do this?
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Should I switch to a fixed rate?

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Q. Is it worth switching to a fixed rate? I am on a tracker now but have read that the ECB is probably going to put the rate up by another two per cent or more over the next two years.
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