Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Phil Hogan Got Cut-Price Mortgage

  • 09-07-2012 4:03pm
    #1
    Closed Accounts Posts: 1,025 ✭✭✭


    Another story about phil hogan in yesterdays Indo-some people may or may not have heard about it.

    Phil Hogan got cut-price mortgages for his luxury villa in Portugal and Dublin 4 from toxic bank, Irish Nationwide. yes its the very same villa he won't pay tax on- while he wants those struggling with mortgages to pay property/household taxes.
    Phil Hogan, the minister responsible for collecting the household charge, availed of "soft" loans of close to €900,000 that were approved by toxic building society boss Michael Fingleton who has cost the State €5.4bn.

    Hogan's unorthodox loans were personally approved by Fingleton to allow him buy a pied-a-terre house in Dublin 4 and a luxurious penthouse in Portugal using two interest- only loans of at least a decade each, an aggressive equity release, and what appears to have been, for his final loan, minimal paperwork.

    http://www.independent.ie/business/irish/nationwides-soft-loan-to-hogan-3161567.html


«13

Comments

  • Closed Accounts Posts: 1,480 ✭✭✭Blondini


    Phil Hogan can go and chew my sour ars*hole.


  • Closed Accounts Posts: 34,418 ✭✭✭✭hondasam


    I think Phil Hogan may have to step down shortly.


  • Registered Users, Registered Users 2 Posts: 24,227 ✭✭✭✭ejmaztec


    I hope he pays the charge for the septic-tank between his ears.


  • Registered Users, Registered Users 2 Posts: 26 190E2.516


    cant see this government lasting much longer. enda kenny flat out opening rural community centres and phil hogan living it up in his tax free villa. these guys would wanna wake up


  • Registered Users, Registered Users 2 Posts: 1,571 ✭✭✭Red_Wake


    Am Chile wrote: »
    yes its the very same villa he won't pay tax on

    It's a service charge he won't pay, not a tax.


  • Advertisement
  • Closed Accounts Posts: 5,677 ✭✭✭staker


    Yet another politician with the view that the system is there for their own benefit only. Nothing new regardless of party.


  • Posts: 0 [Deleted User]


    Red_Wake wrote: »
    It's a service charge he won't pay, not a tax.

    Yes the household Tax is a charge with no service.


  • Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


    Fcuking fcuking fcuking fcuking fcuking fcuking fcuking fcuking fcuking fcuking hell.


  • Registered Users, Registered Users 2 Posts: 25,070 ✭✭✭✭My name is URL


    Red_Wake wrote: »
    It's a service charge he won't pay, not a tax.

    Whatever. The man himself asked in relation to that "would you pay a charge if you were unhappy with the service?".. while demanding that every eligible household in the country pay a charge that the government themselves will undoubtedly squander.

    You couldn't make some of this stuff up. It's just the same as when FF were in power, and for years; regardless of the fcuk-ups they made, their supporters continued to defend them.


  • Registered Users, Registered Users 2 Posts: 13,606 ✭✭✭✭ArmaniJeanss


    Am Chile wrote: »
    yes its the very same villa he won't pay tax on

    OK, so what actual tax is Phil Hogan refusing to pay on this villa?

    Please do not link me to any story which isn't to do with actual taxes.


  • Advertisement
  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    Red_Wake wrote: »
    It's a service charge he won't pay, not a tax.

    Really.....
    The Household Charge is an annual charge introduced by the Local Government (Household Charge) Act 2011 which is payable by owners of residential property.

    We are one of the last countries in Europe that does not fund local services through local property-based charges.
    These services are essential to your community. They include: fire and emergency services; maintenance and cleaning of streets; planning and development; public parks; street lighting; libraries; open spaces and leisure amenities.



    Waffle from the household charge site.


  • Posts: 0 [Deleted User]


    OK, so what actual tax is Phil Hogan refusing to pay on this villa?


    Its the service charge. The same charge people who own apartment pay, who are exempt from paying a household charge.


  • Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


    FG has to go and pretty sharpish too

    - Enda and his speech to the vatican - empty words
    - Expenses - eg xmas cards
    - No accountibitly held over the bank guarantee or the previous government.
    - Bertie up to his eyeballs in ****e that involved in a tribunal.
    - Taking jobs away from the economy with the slaveship scheme: shelf shackers, car valeterers, kitchen porter internships - for fcuk sake


  • Registered Users, Registered Users 2 Posts: 13,606 ✭✭✭✭ArmaniJeanss


    Its the service charge. The same charge people who own apartment pay, who are exempt from paying a household charge.

    So Phil Hogan is, as far as we know, completely and totally to up to date will all taxes on the Portuguese apartment? And is having a dispute with a private entity over a service provided to the apartment.

    Much like that time I refused to pay the newsagent after they delivered the wrong paper to me for a week, but continued to pay all my taxes.


  • Registered Users, Registered Users 2 Posts: 8,062 ✭✭✭Uriel.


    ilovesleep wrote: »
    FG has to go and pretty sharpish too

    - Enda and his speech to the vatican - empty words
    - Expenses - eg xmas cards
    - No accountibitly held over the bank guarantee or the previous government.
    - Bertie up to his eyeballs in ****e that involved in a tribunal.
    - Taking jobs away from the economy with the slaveship scheme: shelf shackers, car valeterers, kitchen porter internships - for fcuk sake

    When did Bertie join FG.?

    Surely there's enough mud to throw at FG without attaching Bertie to it?


  • Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


    Brian Cowen and Sean Fitzpatrick

    Phil Hogan and Michael Fingalton


  • Registered Users, Registered Users 2 Posts: 53,055 ✭✭✭✭tayto lover


    The big Golf Match at the K-Club next week features --

    Cowan & Fitzer v Hogan and Fingers

    They are all in the same club now F.G and F.F.


  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    So Phil Hogan is, as far as we know, completely and totally to up to date will all taxes on the Portuguese apartment? And is having a dispute with a private entity over a service provided to the apartment.

    Much like that time I refused to pay the newsagent after they delivered the wrong paper to me for a week, but continued to pay all my taxes.

    Were you ever charged twice for the same paper, yet it never even arrived?


  • Closed Accounts Posts: 3,065 ✭✭✭crazygeryy


    Blondini wrote: »
    Phil Hogan can go and chew my sour ars*hole.

    off topic but how do you know your arsehole is sour?


  • Registered Users, Registered Users 2 Posts: 980 ✭✭✭stevedublin


    OK, so what actual tax is Phil Hogan refusing to pay on this villa?

    Please do not link me to any story which isn't to do with actual taxes.

    Its not a tax, its a management charge, go find the story yourself lazybones (hint: use google).

    The man is a hypocrite expecting everyone else to pay a household charge, when he doesn't pay the management charge on his apartment in Portugal.


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 13,606 ✭✭✭✭ArmaniJeanss


    mikom wrote: »
    Were you ever charged twice for the same paper, yet it never even arrived?

    I see what you are doing there :)

    *****
    Seriously, it's not my fight. I'm no particular fanboy of PH.

    I do however think its beyond retarded that the 'private service charge' dispute with a management company is thrown in his face as an example of him being inconsistent over 'tax'. The OP from his previous posts is intelligent enough to know the difference.


  • Registered Users, Registered Users 2 Posts: 14,005 ✭✭✭✭Zebra3


    They are all in the same club now F.G and F.F.

    They always were.

    Two seperate brandings of the one political agenda.


  • Registered Users, Registered Users 2 Posts: 980 ✭✭✭stevedublin


    So Phil Hogan is, as far as we know, completely and totally to up to date will all taxes on the Portuguese apartment?

    Good question, some enterprising young reporter should investigate this!


  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    I'm no particular fanboy of PH.

    You should be.
    I find it incredibly useful when measuring how acidic or alkaline a substance is.


  • Closed Accounts Posts: 6,496 ✭✭✭Boombastic


    Not surprised, hypocritical cnut:mad:

    *awaits for the travel expenses being claimed from his property in Portugal thread


  • Closed Accounts Posts: 1,480 ✭✭✭Blondini


    crazygeryy wrote: »
    off topic but how do you know your arsehole is sour?

    Scratchy,sniffy,Licky,whiffy


  • Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Blondini wrote: »
    Scratchy,sniffy,Licky,whiffy

    Dafuq?????


  • Closed Accounts Posts: 6,496 ✭✭✭Boombastic


    MadsL wrote: »
    Dafuq?????


    This?
    Sour taste is detected by a small subset of cells that are distributed across all taste buds in the tongue.

    http://en.wikipedia.org/wiki/Taste


  • Registered Users, Registered Users 2 Posts: 43,311 ✭✭✭✭K-9


    Its the service charge. The same charge people who own apartment pay, who are exempt from paying a household charge.

    People in unfinished estates are exempt not people who pay management charges, people could be paying both.

    I'd see this as a resigning matter, he got treated favourably by Fingleton.
    Irish Nationwide's loans to Fianna Fail politicians have been publicly criticised by two members of the current Cabinet -- Labour's Joan Burton and Fine Gael's Leo Varadkar.

    Hopefully Burton goes on the Vincent Browne show to explain the difference!

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



  • Advertisement
  • Closed Accounts Posts: 34,418 ✭✭✭✭hondasam


    K-9 wrote: »
    I'd see this as a resigning matter, he got treated favourably by Fingleton.

    Same here, it's only a matter of time until he has to step down, he is bad news anyway with a terrible attitude to people.


  • Registered Users, Registered Users 2 Posts: 3,291 ✭✭✭naughtysmurf


    The same Phil Hogan who when asked in Feb 2009 to take a 10% voluntary paycut in his €110,000 pay said " No, my personal circumstances don't allow that at the moment" :rolleyes:


  • Closed Accounts Posts: 9,897 ✭✭✭MagicSean


    Am Chile wrote: »
    yes its the very same villa he won't pay tax on- while he wants those struggling with mortgages to pay property/household taxes.

    I thought they were charges due to a management company.


  • Registered Users, Registered Users 2 Posts: 53,055 ✭✭✭✭tayto lover


    R.T.E News again fairly quiet. Nothing about this newsworthy item again. Cowan was persecuted for meeting Seanie and rightly so but F.G. get a free run from RTE.
    To me this was a favour and reeks of cronyism and that is something F.G. promised to snuff out. I think this is a very serious issue and if guilty Hogan should be on his way.


  • Registered Users, Registered Users 2 Posts: 43,311 ✭✭✭✭K-9


    The same Phil Hogan who when asked in Feb 2009 to take a 10% voluntary paycut in his €110,000 pay said " No, my personal circumstances don't allow that at the moment" :rolleyes:

    Poor Phil is in negative equity!

    This is the same guy who stopped the planning inquiry in his county started by the Greens.

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



  • Registered Users, Registered Users 2 Posts: 53,055 ✭✭✭✭tayto lover


    MagicSean wrote: »
    I thought they were charges due to a management company.

    Maybe so but he asked "why should I pay for a service I am unhappy with?"
    I am unhappy with the services I am getting too. People in glasshouses etc etc.


  • Advertisement
  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    People in glasshouses etc etc.

    Fuck me, are those liable for the charge as well?


  • Closed Accounts Posts: 34,418 ✭✭✭✭hondasam


    MagicSean wrote: »
    I thought they were charges due to a management company.

    Charges he signed up for when he bought the property, he might argue he is not getting value for his money but neither are we.


  • Registered Users, Registered Users 2 Posts: 53,055 ✭✭✭✭tayto lover


    mikom wrote: »
    Fuck me, are those liable for the charge as well?

    You are in fine form today Mikom :D


  • Registered Users, Registered Users 2 Posts: 26,726 ✭✭✭✭noodler


    Whats the issue here exactly?

    Nothing wrong with a politician getting a mortgage.

    If he does not feel his house in Portugal was subject to a certain tax then he has the right to appeal it as any of us would.


  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    You are in fine form today Mikom :D

    It's the drugs tayto. ;)


  • Advertisement
  • Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


    K-9 wrote: »
    I'd see this as a resigning matter, he got treated favourably by Fingleton.

    Absolutely! Our banks were rotten and the blanket guarantee was too big of a measure to save those banks. Up to a certain sum perhaps but blanket guarantee - no way.

    Banks and FF were all in on a scheme that, we are paying for and will do for a long time. It was reported last year that Brian Cowen played golf with Seanie Fitz the summer before the bank guarantee. The banks also lobbied the government back in 2005, 2006 for increased scope for borrowing. Banking regulator walks off scott free into the sunset.

    Nothing was done on behave of FG as to an enquiry. Nothing. FF were deep into with those banks, now FG. Same arse, different cheek or something like that.


  • Closed Accounts Posts: 34,418 ✭✭✭✭hondasam


    noodler wrote: »
    Whats the issue here exactly?

    Nothing wrong with a politician getting a mortgage.

    If he does not feel his house in Portugal was subject to a certain tax then he has the right to appeal it as any of us would.

    Did you read the terms of his mortgage?

    Could he afford those loans on his income?

    Management fees he signed up to when he bought the house in Portugal.


  • Registered Users, Registered Users 2 Posts: 53,055 ✭✭✭✭tayto lover


    mikom wrote: »
    It's the drugs tayto. ;)

    Hope the Swedish Mafia are not after you.


  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    Hope the Swedish Mafia are not after you.

    Hold on, let me deal with the FG/labour mafia first.


  • Closed Accounts Posts: 6,653 ✭✭✭Ghandee


    noodler wrote: »

    If he does not feel his house in Portugal was subject to a certain tax then he has the right to appeal it as any of us would.

    He refuses to pay a 'service charge' on his property, reason bring that he's unhappy with services received.

    Just like we have the right not to pay a 'household charge' a 'charge' that's funding local 'services', because some of us are not happy with services received.

    you at least see the similarity to this and the household charge, no?


  • Registered Users, Registered Users 2 Posts: 26,726 ✭✭✭✭noodler


    hondasam wrote: »
    Did you read the terms of his mortgage?

    Could he afford those loans on his income?

    ??

    What exactly is your point? Outrageous loan given to person during boom?

    Were all Politicians supposed to be able to predict the future better than the average homeowner who got burned?

    Is this just anger because he got preferential loan terms?
    hondasam wrote: »
    Management fees he signed up to when he bought the house in Portugal.

    He said he wasn't happy with the service - most apartment owners would raise the issue if certain services relating to the apartment weren't carried out to their satisfaction.



    I'm all for keeping a leash on Government but all seems like pretty weak sauce for the faux outrage it has generated. If he is replaced then the next Minister will have the responsibility for the Household Charge - he is just a figurehead.


  • Registered Users, Registered Users 2 Posts: 5,834 ✭✭✭Sonnenblumen


    The same Phil Hogan who when asked in Feb 2009 to take a 10% voluntary paycut in his €110,000 pay said " No, my personal circumstances don't allow that at the moment" :rolleyes:

    Sure what might we expect from the impoverished millionaire? RESIGNATION


  • Registered Users, Registered Users 2 Posts: 26,726 ✭✭✭✭noodler


    Ghandee wrote: »
    He refuses to pay a 'service charge' on his property, reason bring that he's unhappy with services received.

    Just like we have the right not to pay a 'household charge' a 'charge' that's funding local 'services', because some of us are not happy with services received.

    you at least see the similarity to this and the household charge, no?



    In a very limited sense, I can see your point but the Household charge is a far, far broader charge that goes to fund many local services, libraries etc (EDIT - well ostensibly anyway). If people were allowed to withhold payment on the Household charge because they didn't like the quantity of books stocked in the library or something glib like that then there would be chaos.


  • Closed Accounts Posts: 34,418 ✭✭✭✭hondasam


    noodler wrote: »

    Is this just anger because he got preferential loan terms?

    He should not have got them, it's what's wrong with the country.
    How could he afford these loans based on his earnings at the time?


    He said he wasn't happy with the service - most apartment owners would raise the issue if certain services relating to the apartment weren't carried out to their satisfaction.

    I'm not happy he is asking me to sign up for a charge when I have no idea what it will cost me.
    He knew what he was signing when he bought the villa.


  • Registered Users, Registered Users 2 Posts: 43,311 ✭✭✭✭K-9


    noodler wrote: »
    Whats the issue here exactly?

    Nothing wrong with a politician getting a mortgage.

    If he does not feel his house in Portugal was subject to a certain tax then he has the right to appeal it as any of us would.


    If you've no problem with politicians like McCreevey in a cosey club with bankers like Fingleton, probably no issue.

    My problem is Burton and Varadkar criticising McCreevey for this and silence on this issue so far. I'd expect some condemnation in the next couple of days. I hate double standards like that. The Government parties aren't the only ones at it either, Higgins and his free envelopes spring to mind.

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



  • Advertisement
Advertisement